06 Dec Earning
The above slides are taken from Mr Debashish Mohanty’s (President and Country Head , Retail Business at UTI AMC) presentation at the Mutual Fund Distributors Summit 2017.
While there may be a perception that Financial Advisors earn a great deal of commission, the facts are quite contrary. Nearly 64% of the IFAs earn less that Rs 8000 per month and about 20% earn between Rs 8500 and Rs 42000 per month. Thus a total of 85% of the IFAs earn less than Rs 42000 per month.