Business Development Executive (BDE)

Business Development ExecutiveAbout Devmani Traders

Devmani Traders Pvt. Ltd. is a Mumbai-based financial services firm, established in 2008. We are an AMFI Registered Mutual Fund Distributor (ARN-289110), a SIF distributor and an Authorised Person of Kotak Securities Ltd.

From our office at Horniman Circle, Fort, we serve individual investors, families, corporates, trusts and societies. Our mutual fund book is above ₹200 crore in AUM, supported by in-house research, operations and back-office teams, so that our sales team can focus on the market.

Role Summary

We are hiring a Business Development Executive whose main job is to bring in leads and convert them into new clients. This is a field-facing, target-driven role: you will build your own pipeline, set up meetings, and bring clients on board across mutual funds, SIF, insurance, loans and equity broking.

Success in this role is measured by qualified meetings generated, new clients onboarded, and net AUM and SIP book added.

Key Responsibilities

Lead generation: Build a steady pipeline through your own network, referrals, cold outreach, events and tie-ups with corporates, professionals and community groups.

Meeting setting: Reach out to prospects, fix qualified meetings, and present Devmani's mutual fund, SIF and insurance offerings with the senior team where needed.

Client acquisition: Convert prospects into investors and take them through the full process: KYC, account opening, SIP registration and first investment, in coordination with the operations team.

AUM growth

Achieve monthly and quarterly targets on new clients, SIP book and net AUM added.

Cross-sell: Introduce existing and new clients to the wider Devmani product basket, including SIF, insurance, and equity through our Kotak Securities Authorised Person arrangement.

Sales strategy: Plan and execute a sales strategy for both online and offline channels, covering digital lead sources such as social media, WhatsApp and website enquiries alongside field meetings, events and referral tie-ups, and track which channels deliver the best conversions.

Referral network

Build and maintain relationships with CAs, lawyers, HR heads, society and trust members who can refer clients.

Follow-up and relationship upkeep: Maintain regular contact with prospects and clients, and coordinate portfolio reviews with the research and operations team.

Reporting

Maintain a lead tracker in the CRM or Excel, and share weekly activity and pipeline updates with management.

Compliance

Follow the AMFI Code of Conduct and applicable SEBI and IRDAI guidelines in every client interaction and communication.

Requirements

Experience: 3 to 5 years in sales or business development, in any industry. Any field where you have sold a product or service, generated your own leads and hit targets.

Education

Graduate in any discipline. MBA is a plus.

Track record

Proven ability to source clients independently and meet monthly or quarterly targets.

Communication

Confident presenting and negotiating with individuals, business owners and groups.

Mobility

Comfortable with regular travel across Mumbai for client meetings.

Tools

Working knowledge of MS Excel and a CRM or lead tracker.

Certification: NISM Series V-A (Mutual Fund Distributors), or willingness to clear it within 60 days of joining. We will support you with the preparation.

Added advantage: Prior experience in mutual funds, insurance, broking, banking or any other financial product sales, and an existing network of corporates, professionals, HNI clients, trusts or societies.

What We Offer

Fixed salary with an incentive structure linked to new clients, SIP book and net AUM added, as well as loans, insurance and broking accounts opened.

Full research, operations and back-office support, so you focus on the market.

A complete product basket across major AMCs, SIF and insurance partners.

An established firm with a client base built since 2008, and a clear growth path.

How to Apply

Send your CV to smruti@devmanitraders.com with the subject line "Application: Business Development Executive", or call 022 4213 4213.

Devmani Traders Pvt. Ltd. | AMFI Registered Mutual Fund Distributor | ARN-289110 | Authorised Person of Kotak Securities Ltd.

Pay

₹25,000.00 - ₹35,000.00 per month

Benefits

Food provided

Work Location

In person