Delving into the investment patterns of September 2023, our article reveals a striking dominance of individual investors in equity schemes at 89%, while institutional investors lead in liquid funds and ETFs. Get insights into the strategic asset preferences that shape the financial landscape.
Explore our comprehensive analysis of the Top 30 Mutual Funds Retail AUM in 2023. Uncover key insights into retail investor trends, fund performances, and market dynamics with our detailed breakdown of assets under management. Stay informed about the latest investment patterns in mutual funds.
October 2023 marked a significant milestone for India's Mutual Fund industry, witnessing a remarkable addition of 4 lakh new investors, pushing the total investor count to over 4.09 crore. The month also saw a substantial increase in folio counts and Assets Under Management, highlighting the sector's robust growth and increasing investor confidence
India’s mutual fund industry witnesses a pivotal moment as Coin by Zerodha and Groww, the country's premier direct plan platforms, decide against adopting the Execution Only Platform model. This decision marks a cautious approach to new regulatory frameworks by key market players.
Anup Bhaiya, an accomplished MFD with more than two decades of experience, shares his recipe for building a thriving distribution business. With a focus on a skilled team, a strong digital presence, and sound MF software, he has crossed the Rs 1,000 crore milestone and cultivated a vast client base. Explore the three key ingredients that have been instrumental in his remarkable journey to success in the mutual fund industry.
MFDs Jayesh Pattani and Rahul Jain, who recently achieved Rs.100 crore AUM milestones, reveal their success secrets. Jayesh emphasizes helping clients with various financial aspects, building a socially responsible image, and showing genuine concern. Meanwhile, Rahul recommends aligning products with client interests, investing in marketing efforts, and expanding client reach through seminars and webinars. Their dedication and strategies have been instrumental in their remarkable growth.
Meet Pankaj Ladha, the Kota-based Mutual Fund Distributor who has accomplished an extraordinary feat with a monthly SIP book of Rs. 6.50 crore, serving over 5000 clients. Pankaj shares the secrets behind his success, emphasizing the importance of regular prospecting, a robust digital presence, and a focused approach to converting leads into satisfied clients. His dedication to educating and assisting investors shines through his frequent knowledge sessions and social media engagement, making him a trusted figure in the world of financial planning and investments
In FY 2023, the Mutual Fund Distribution landscape witnessed significant growth as close to 1800 MFDs achieved top distributor status, marking an increase of 237 new qualifiers compared to the previous year. These top distributors collectively managed an impressive AUM (Assets Under Management) of Rs. 14.75 lakh crore and received gross commissions totaling Rs. 10,500 crore. Notably, they account for a substantial 65% of the total AUM across different plans. This surge in top distributors reflects the industry's robust expansion, with criteria established by SEBI to identify them, including factors such as their presence in multiple locations, AUM management, and commission earnings from fund houses. Over the last five years, the count of top distributors has grown by 65%, accompanied by a 50% increase in AUM, reaching Rs. 15 lakh crore in FY 2023, and a 32% rise in gross commission earnings, totaling Rs. 10,532 crore.
SEBI, the regulatory authority in India, has directed Asset Management Companies (AMCs) to convey a crucial message to Mutual Fund Distributor (MFD) associations: they must eliminate the term 'IFA' (Independent Financial Advisor) from their association names. This directive underscores SEBI's commitment to regulating the financial advisory sector and ensuring transparency and ethical conduct within the industry. During the recent ARIA event in Mumbai, SEBI Chairperson Madhabi Puri Buch also addressed issues of malpractice within the sector while acknowledging the valuable contributions of Registered Investment Advisors (RIAs) in promoting investor welfare.
These elite individual MFDs expertly manage assets worth a staggering Rs. 39,000 crore as of March 2023, spanning 32 locations across the country. Get insights into their rankings, AUM, and home cities.