Top 20 mutual fund distributors earn 53% of total commission payout in FY24
Data shows that the list of top 20 mutual fund distributors continues to be dominated by eight lenders. These banks earned a total of Rs 3,583 crore as commission
Distributors are the backbone of the Indian asset management industry, connecting investors with suitable schemes.
The 20 biggest mutual fund distributors (MFDs) received more than half of the total commission paid out by the asset management companies (AMCs) in the financial year 2024, according to the latest Association of Mutual Funds in India (AMFI) commission disclosure.
At Rs 7,892 crore, the 20 biggest MFDs received 53.12 per cent of the total commission worth Rs 14,854.70 crore paid out by AMCs in the last financial year (FY-2023). In FY23, the top 20 MFDs earned 55.92
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