How much did the Mutual Fund Distributors Earned in FY 2017-18

How much did the Mutual Fund Distributors Earned in FY 2017-18
Top Mutual Fund Distributors with Gross Earnings above 100 Crore (FY 2017-18)

Ever wondered how much money the MF Distributors earns? This article will detail about the commissions earned by the AMFI Registered Mutual Funds Distributors in FY 2017-18 and other money matters. Data source is obtained from AMFI.

For FY 2017-18, a total of 979 AMFI Registered Mutual Fund Distributors were there in India. AMCs have paid out at least ₹8533.73 crore as commissions during this period.

Top Mutual Fund Distributors with Gross Earnings above ₹100 Crore (FY 2017-18)

As you can see, the above chart shows the Top Mutual Fund Distributors to who has earned more than ₹100 crore for FY 2017-18. The gross amount is the commission obtained across all the AMCs by advising the investors to buy regular mutual fund plans. For FY 2017-18, there are 14 mutual fund distributors in India whose gross income from commissions is more than ₹100 crore. The top three commission earners are NJ Indiainvest Pvt. Ltd (₹786.77 crore), HDFC Bank Limited (₹641.39 crore) and State Bank of India(₹557.9 crore). The total commissions paid under the ₹100 crore club mutual fund distributors ₹4794.44 Crore.

Name of Mutual Fund Distributor Gross Amount Paid (Cr.)
NJ Indiainvest Pvt Ltd 786.77
HDFC Bank Limited 641.39
State Bank of India 557.90
Axis Bank Limited 537.71
ICICI Bank Limited 470.28
ICICI Securities Limited 316.53
Kotak Mahindra Bank Limited 274.29
Citibank N.A 248.96
Prudent Corporate Advisory Services Ltd 217.82
Standard Chartered Bank 185.42
IIFL Wealth Management Limited 175.01
Indusind Bank Ltd 160.22
Hongkong & Shanghai Banking Corporation Ltd. 121.39
Bajaj Capital Ltd. 100.74
Top Mutual Fund Distributors with Gross Earnings above ₹100 Crore (FY 2017-18) (All figures in Crores) MFRepublic.com

Top Mutual Fund Distributors with Gross Earnings ranging ₹50 – ₹100 Crore (FY 2017-18)

The total commissions earned by the mutual fund distributors falling under ₹50 – ₹100 crore club is ₹655.28 crore. For FY 2017-18, there are 9 mutual fund distributors in India whose gross income from commissions is in the range of ₹50 to ₹100 crore.

Name of Mutual Fund Distributor Gross Amt Paid (Cr.)
Anand Rathi Wealth Services Limited. 97.74
Karvy Stock Broking Limited 92.59
Julius Baer Wealth Advisors (India) Private Limited 88.34
JM Financial Services Limited 79.06
Deutsche Bank AG 66.44
HDFC Securities Ltd 60.29
L & T CAPITAL MARKETS LIMITED 60.00
SPA Capital Services Limited 56.74
Pioneer Client Associates Private Limited 54.10
Top Mutual Fund Distributors with Gross Earnings ranging ₹50 to ₹100 Crore (FY 2017-18) (All figures in Crores) MFRepublic.com

Top Mutual Fund Distributors with Gross Earnings ranging ₹1 – ₹50 Crore (FY 2017-18)

The total commissions earned by the mutual fund distributors falling under ₹1 – ₹50 crore club is ₹2961.83 crore. This is the second largest club where most of the commissions were paid to the mutual fund distributors. For FY 2017-18, there are total 802 mutual fund distributors in India whose gross income from commissions is in the range of ₹1 to ₹50 crore.

Name of Mutual Fund Distributor Gross Amt Paid (Cr.)
Top Mutual Fund Distributors with Gross Earnings ranging ₹1 to ₹50 Crore (FY 2017-18) (All figures in Crores) MFRepublic.com

Mutual Fund Distributors with Gross Earnings less than ₹1 Crore (FY 2017-18)

The total commissions paid out to the mutual fund distributors whose earnings less than ₹1 crore is ₹122.18 crore. For FY 2017-18, there are total 154 mutual fund distributors in India whose gross income from commissions is less than ₹1 crore.

Name of Mutual Fund Distributor Gross Amount Paid (Cr.)
Top Mutual Fund Distributors with Gross Earnings less than ₹1 Crore (FY 2017-18) (All figures in Crores) MFRepublic.com

Mutual Fund Distributors market spread by Commission

The pie chart shows the Mutual Fund Distributors market spread by commission paid out. You can notice that 82% of the MF distributors falling in the ₹1-₹50 crore commissions bracket are driving the 201835.66 crores of investment inflows. Though the ₹100 crore club MF distributors are just 14 in number as of FY 2017-18, they are the major source of mutual fund investment inflows reckoning to ₹724894.85 crore.

Commission Bracket MF Distributors Count Comissions Paid (Cr.) Gross Investment Inflow (Cr.)
100Cr Club 14 4704.44 724894.8523
50-100Cr 9 655.28 461921.2415
1-50Cr 802 2961.83 2018035.662
Less than1 Cr 154 122.18 18571.0455
Mutual Funds Distributors market spread by Commissions Paid Out (FY 2017-18) (All figures in Crores) MFRepublic.com

The gross investment inflow into mutual funds in FY 2017-18 was
₹32,23,422.801 crore. The net inflows of investments into regular mutual fund investments was  ₹1,15,546.6201 crore. This ₹1.15 lakh crore amount constitutes both lump sum and SIP investments made by the mutual fund investors.

Through regular SIP investments, the total amount invested in Mutual funds was  ₹67,190 crore. That leaves ₹48,356.62 crore worth of lump sum investments were made during FY 2017-18

Leave a Reply

Close Menu