Kings of 10,000 Cr Mutual Fund Commissions

This July, the total Assets Under Management (AUM) of Mutual Funds in India soared to a staggering INR 46,37,564 Crores, with a net inflow of 82,046 Crores.
It's evident that even amidst the global challenges, the mutual fund industry's undercurrents are robust. And the ones surfing these waves most proficiently? The top Mutual Fund Distributors.

The Game of Mutual Fund Commissions – the rewards they earn for bringing these vast sums of money into the fold.

The Rise and Rise of MFD Commissions

From 2016-17 to 2021-22, the commission landscape for MFDs has witnessed a roller-coaster ride. Starting at INR 5,000 Crores in 2016-17, it shot up by 70.98% to INR 8,549 Crores the next year. Despite a few hiccups in between – notably a dip of 22.56% in 2019-20 – commissions reached a high of INR 10,420 Crores in 2021-22, marking a robust growth of 57.51% from the previous year.

Top Dogs in the Commission Arena

NJ IndiaInvest Pvt Ltd
Topping our list is NJ IndiaInvest with a commission of ₹1,298.32 Crores, accounting for 12.46% of the total pie. Their significant market share is a testament to their widespread reach and trust among investors.
State Bank of India
The banking behemoth is not far behind, with commissions amounting to ₹734.69 Crores. Representing 7.05% of the total commissions, SBI's vast network undoubtedly plays a pivotal role in these figures.
HDFC Bank Limited and Axis Bank Limited
These two banking giants raked in ₹580.62 Crores and ₹537.77 Crores respectively. Their consistent performance and vast customer base make them dominant players in the MF distribution landscape.

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NJ Investments & Prudent have carved a niche for themselves & are the Top 2 Non-banking distributors in the mix.

The commission data provides an invaluable insight into the Mutual Fund landscape. It's not just about the schemes or the returns; it's also about the channels through which these investments flow. Mutual Fund Distributors play a vital role in bridging the gap between the common man and the complex world of investments. Their commissions are a reflection of their influence, reach, and the trust they command among investors.