AMFI data shows that these distributors managed close to Rs 5 lakh crore as on March 2018
The total assets under management of mutual fund industry is managed by top 20 mutual fund distributors.
AMFI data shows that these distributors managed close to Rs 5 lakh crore as on March 2018. In FY 2016-17, the top distributors managed AUM of Rs 3.94 lakh crore.
“Last year, market had rallied which got robust flows to the mutual fund industry. This helped distributors make handsome commissions,” said a Mumbai-based mutual fund distributor.
Similarly, the assets under management of the mutual fund industry during last financial year rose 22 percent in FY 2017-18, from Rs.17.55 lakh crore as on March 2017 to Rs 21.36 lakh crore in March 2018.
NJ India had collected Rs 443 crore in FY 2016-17 to Rs.787 crore in FY 2016-17.
Simultaneously, it’s assets under advisory increased by Rs 19,198 crore to touch Rs 50,157 crore, during the review period.
Among distributors who registered highest growth in commission earnings in percentage terms were Anand Rathi, HDFC Securities and SBI Bank.