Discover India’s Top 100 Individual Mutual Fund Distributors (MFDs)

Are you curious about the financial maestros who are steering India’s investment landscape? Cafemutual’s latest analysis reveals the cream of the crop among Mutual Fund Distributors (MFDs) in India. As of March 2023, the top 100 individual MFDs collectively manage a jaw-dropping Rs. 39,000 crore in assets. This in-depth exploration will shed light on their rankings, assets under management (AUM), and the diverse locales they call home.

Diverse MFD Landscape:

The individual MFDs showcased in this elite group hail from various corners of India, contributing to a rich tapestry of financial expertise. The assets under advisory (AUA) they handle range from a substantial Rs. 1,550 crore to a commendable Rs. 226 crore. These financial whizzes can be found in 32 different locations, reflecting the nationwide reach of their services.

Maharashtra Dominates:

Leading the charge is the vibrant state of Maharashtra, with Mumbai alone boasting 34 top individual MFDs. The state’s financial prowess is further underscored by Pune and Thane, which proudly contribute 6 and 4 top MFDs, respectively.

Gujarat’s Rising Influence:

Gujarat emerges as a noteworthy player, following Maharashtra closely, with 10 top individual MFDs calling it home. The bustling IT hub of Bangalore in Karnataka is not far behind, with 8 accomplished individuals securing spots on the coveted top 100 list.

Small Cities, Big Achievements:

One of the most intriguing aspects of this year’s rankings is the inclusion of MFDs from smaller cities. These financial luminaries have defied expectations and clinched their spots in the top 100. Among these trailblazers are Karan Agarwal from Aligarh, Sukanta Bhattarcharjee from Burdwan, Pankaj Ladha from Kota, Rikhav Desai from Navsari, Durgesh Babariya from Padra, and Probin Agarwalla from Siliguri.

Women Power:

Celebrating diversity and inclusivity, this year’s list also showcases the impressive achievement of 12 women MFDs who have earned their places among the top 100. Manjula S, Jennifer Mendez, Nonie Kapoor, Rashmi Thukral, Zeenat Jagani, Preeti Kucheria, Shubhangi Pai, Anjana Shah, Mani Sharma, Mukul Kulkarni, Bindu Kumar, and Shagun Sutaria are the shining stars who have carved their niche in the world of mutual fund distribution.

The Top 100 MFDs of India:

Here’s an exclusive peek into the rankings, AUM, and home cities of the top MFDs who are shaping India’s financial landscape:

In summary, these exceptional individual MFDs are driving India’s financial growth story, managing an impressive Rs. 39,000 crore in assets and offering their expertise across 32 different locations. Whether you’re seeking financial guidance or simply curious about the movers and shakers in the world of mutual fund distribution, this list provides valuable insights into India’s top 100 MFDs.

Alternatively, you can check the top 30 mutual fund distributors in India