In 2023, India's top 100 Mutual Fund Distributors manage Rs. 11 lakh crore, led by national distributors and a growing presence of wealth boutiques.
In-depth analysis reveals that the top 100 mutual fund distributors in India wield substantial influence, overseeing 27% of the total assets under management (AUM) in the industry. As of March 2023, these distributors expertly manage nearly Rs. 11 lakh crore within the mutual fund sector.
Diverse AUM Ranges
The AUM of these top 100 Mutual Fund Distributors spans a broad spectrum, ranging from Rs. 1.44 lakh crore to Rs. 1400 crore.
Dominance of National Distributors
It’s noteworthy that the majority of the distributors within this elite group are national distributors. In the fiscal year 2023, 39 national distributors secured their positions in the top 100 list.
Surprisingly, wealth boutiques have emerged as the second-largest distributor segment, surpassing banks in this ranking. Among the top 100 Mutual Fund Distributors, 23 belong to wealth boutiques, while 19 are affiliated with banks. Wealth boutiques are specialized distribution firms that cater to High-Net-Worth Individuals (HNIs), Ultra HNIs, and family offices.
Boutique MFD Firms Making Their Mark
Another intriguing development is the inclusion of 18 boutique Mutual Fund Distributor (MFD) firms in the list of top 100. These boutique MFD firms are notably supported by individual MFDs, indicating a growing presence of niche, independent players.
Individual MFDs’ Representation
Remarkably, only one individual MFD, Madhav Ganpule, has made it to the esteemed list of top 100 distributors as of March 2023.
In conclusion, this comprehensive analysis unveils the landscape of India’s top 100 Mutual Fund Distributors, showcasing their diverse profiles, ranging from national distributors and wealth boutiques to boutique MFD firms and the representation of individual MFDs. These distributors collectively hold a significant portion of the industry’s AUM, shaping the mutual fund landscape in India.
Disclaimer:This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Surat's NJ India Invest, the biggest mutual fund distributor in the country in terms of commission earned, has thrown its hat in the ring to manage investor money as a mutual fund.
State Bank of India is the top distributor as per AMFI latest data. The country's largest bank reports an average AUM of Rs 1.44 lakh crore for FY 2022-23, 17% more than FY 2021-22. With a 13% growth, NJ IndiaInvest's average AUM increased to Rs 1.24 lakh crore and it occupies the second spot.
You can start by honing in on funds that invest in the types of assets you are looking to gain exposure to. From there, take a look at the fees and overall costs. The higher the costs, the less your returns will be. Compare the performance of the fund over the last three, five, and 10 years.
Common technical indicators that can help evaluate a mutual fund as a good or bad investment include trendlines, moving averages, the relative strength index (RSI), support and resistance levels, and chart formations.
NJ India Invest continued to be the largest MFD in India (in terms of commission income) for the eighth straight financial year with a net commission earned of Rs 1,539 crore during FY23. The MFD's commission earned jumped 19 percent from the previous financial year.
Nippon India Small Cap Fund is a steady performer. The scheme has been among the toppers in the small cap category in both short and long term. You should ideally sell your equity mutual fund investments at least a couple of years before your financial goal.
In India, Computer Age Management Services (CAMS) and Karvy are leading Registrar and Transfer Agent companies who provide services to investors on behalf of mutual fund houses.
Address: Suite 153 582 Lubowitz Walks, Port Alfredoborough, IN 72879-2838
Phone: +128413562823324
Job: IT Strategist
Hobby: Video gaming, Basketball, Web surfing, Book restoration, Jogging, Shooting, Fishing
Introduction: My name is Rev. Porsche Oberbrunner, I am a zany, graceful, talented, witty, determined, shiny, enchanting person who loves writing and wants to share my knowledge and understanding with you.
We notice you're using an ad blocker
Without advertising income, we can't keep making this site awesome for you.
