Top 30 mutual fund distributors manage one-fourth of the total assets managed (AUM) by the mutual fund industry, according to Amfi data. The data shows that the top 30 ARN holders managed assets worth Rs 6.41 lakh crore in FY 2018-19. Total AUM of the mutual fund industry stood at Rs 25.43 lakh crore as on May 31, 2019.
Banks remained the top mutual fund distributors in the country in FY19. HDFC Bank was the largest distributor which managed AUM of Rs 72,944 crore, followed by State Bank of India with Rs 64,280 crore AUM.
However, NJ India Invest, a financial services distributor’s network, took first place in terms of gross commissions and expenses received during FY 19, shows Amfi data. It manages assets worth Rs 62,947 crore, third largest AUM after HDFC Bank and State Bank Of India.
Only 20 distributors out of a total of 1,037 ARN holders held assets worth over Rs 10,000 crore. In total, they manage 22 percent of the industry’s assets.
Here is a list of the top 30 distributors in our country in the order of the commission they’ve received.