Even as commission-free 'direct' plans gain momentum in mutual fund (MF) investments, the distribution business continues its growth trajectory.
In 2023-24 (FY24), nearly 2,500 major MF distributors (MFDs) earned over ₹14,850 crore in commissions, with most large distributors registering a sharp surge in income.
In the previous year (2022-23), the Association of Mutual Funds in India (Amfi) reported that the total commission income for the leading 1,781 distributors was ₹12,071 crore.
In 2021-22, 1,544 distributors earned ₹10,420 crore.
According to top MFDs, the income surge is ascribed to growing investor interest in equity MF schemes.
"A strong economic backdrop has encouraged more investors to enter the market, with many opting to do so through MFDs," said Feroze Azeez, deputy chief executive officer of Anand Rathi Wealth.
هذه القصة مأخوذة من طبعة September 05, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة September 05, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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