Mutual Funds

Mutual fund distribution on Wealthy — AMC coverage, commission structure, transaction flow, and key selling points.

Overview

Mutual Funds are the core product on Wealthy’s platform. Partners distribute MFs as sub-distributors under Wealthy’s master ARN.

  • AMCs: 45+ (covering 99% of the market)
  • Schemes: 1,500+ across all categories
  • Plans: Regular plans (commission-earning)

How It Works

  • Partners are empaneled as sub-distributors under Wealthy
  • Wealthy’s ARN = Master ARN
  • Partner’s EUIN is mapped under Wealthy’s master ARN
  • EUIN is a mandatory field for all MF transactions
  • Transactions processed via backend platforms (BSE Star MF / NSE NMF)

Commission Structure

Type Trail Rate Payment
Equity MF 0.5% to 1.3% Monthly recurring trail
Debt MF 0.1% to 0.4% Monthly recurring trail

Trail Commission Key Points

  • Lifelong income stream — monthly as long as AUM remains invested
  • Double engine growth: Fresh investments + Market growth (~15% Nifty CAGR)
  • Legacy income: Legal heirs can continue receiving trail
  • Calculated daily as a percentage of AUM per scheme
  • MF brokerage is inclusive of GST
  • If partner has GST number, GST is shown separately

SIP Trail Commission Growth (per client, ₹5K SIP, 12% growth, 0.7% trail)

Year AUM Annual Trail
1 ₹64K ₹448
5 ₹4.12L ₹2,887
10 ₹11.62L ₹8,132
15 ₹25.23L ₹17,660
20 ₹49.96L ₹34,970
25 ₹94.88L ₹66,417

Transaction Flow

  1. Select MF scheme in the Partner App
  2. Add client details
  3. Share proposal via WhatsApp/Email
  4. Client approves & pays
  5. Done!

Key Selling Points

  • No charges to clients — only standard TER charged by AMC (included in NAV)
  • No demat needed — MFs held directly with AMC in client’s name
  • External Portfolio Tracker — view client’s entire portfolio across platforms (Groww, Zerodha, NJ, etc.) and migrate under your ARN
  • AI Portfolio Reports — auto-generated, professional-grade reports with partner branding
  • Curated Fund Collections — research team picks for easy scheme selection

Payout Schedule

  • Two cycles: 15th and 30th of every month
  • Credited to registered bank account (must be in partner’s name)
  • Bank details updatable via Partner App

GST on MF Brokerage

GST Registered Partners

  • Total brokerage of ₹100 = ₹84.70 revenue + ₹15.30 GST
  • Partner must pay GST portion to the government
  • If GST not deposited for 3-4 consecutive months, Wealthy holds payouts

Non-GST Registered Partners

  • Total brokerage of ₹100 = ₹100 revenue, no GST obligation
  • GST registration is not mandatory for empanelment