Mutual Fund Distributors Recruitment in Open Market

Abstract

A summer internship is an essential part of any management student's MBA programme. It provides management trainees a taste of what life is like in the corporate world, how businesses and departments work, and how to succeed in it. However, due to the tragic circumstances surrounding the global pandemic caused by COVID-19 propagation, all summer internships were completed online. India has one of the fastest-growing FinTech sectors in the world. India has surpassed China as Asia's largest FinTech financing target market. The Indian FinTech industry's total transaction volume is anticipated to rise from $65 billion in 2019 to $140 billion in 2023. NJ Wealth provides a complete wealth management platform with a wide range of financial and non-financial items to the average individual. The company has over 39,800+ NJ Wealth Partners spread over 95 locations in 19 Indian states, with over 18 lac investors and INR 1,07,400 crore in mutual fund assets. NJ India is an Indian financial services firm that manages about Rs. 95,000 crores in mutual fund assets. Because of its ethnographic knowledge, the company's management team has been able to recruit more than 8 lakh business partners in the last 17 years. The company has always been appreciative to its employees, which contributes to their job happiness. Employees are open about any work-related issues they are experiencing, as well as how they feel about the replies, they receive from business partners. There is excellent communication between the lowest and intermediate management levels in terms of process. The goal of the report is to instil three major components: the sector and the organisation with its framework, the projects undertaken and the contribution made to the organisation, and finally, the goal of the Summer Internship Program, which includes learnings that instil the overall enriching experience I had while doing this internship at NJ Wealth.