Mutual Fund

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:

RankingMFDsAUM (in Crores)City
1Madhav and Gaurav Ganpule1,547Pune
2Ganesh Shanbhag1,242Mumbai
3Manjula S1,041Bangalore
4Ranjan Panigrahi887Mumbai
5Sadashiv Phene851Mumbai
6Hari Kamat836Goa
7Mukund Seshadri708Mumbai
8Jennifer Mendez681Goa
9Harish Kotian672Mumbai
10Rakesh Pasricha618New Delhi
11Mukesh Dokania618Kolkata
12Divyesh Rach616Mumbai
13Rajbir Singh611Mumbai
14Saibal Biswas605Kolkata
15Anandbir Singh577Mumbai
16Dhananjay Kale560Pune
17Yogesh Shah549Ahmedabad
18Salil Kothari546Mumbai
19Ravindra Oberoi514Mumbai
20Deepesh Arora510Ahmedabad
21Ramkumar Barchha509Rajkot
22Nonie Kapoor504New Delhi
23Ajay N Mishra450Mumbai
24Nayan Saraiya439Mumbai
25Mukesh Kumar434Bangalore
26Rajinder Pal Singh Anand431Mumbai
27Rashmi Thukral421Varanasi
28Zeenat Jagani417Mumbai
29Drumesh Pandya414Ahmedabad
30Priti Kucheria413Mumbai
31Deepanshu Singhal396New Delhi
32Raj Tapan372Baroda
33Shashank Agarwal372Bangalore
34Sharad Gupta352Gurgaon
35D Muthukrishnan350Chennai
36Rajat Bhargava349Gurgaon
37Sneha Mohan Bhoj348Mumbai
38Hemant Powale343Thane
39Deepak340Ludhiana
40Sachin Parekh339Mumbai
41Prakash Lohana339Baroda
42Karan Agarwal334Aligarh
43Bimal Panchamia334Mumbai
44Vivek Mahajan333Amritsar
45Pranjal Wagh321Mumbai
46Rajeev Murarka310Ranchi
47Jignesh Shah310Surat
48Yashwant Rathod306Pune
49Probin Agarwalla306Siliguri
50Nimish Unadkat304Mumbai
51Laxmi Narayan Gupta304Lucknow
52Parimal Ade301Pune
53Arun Lagu300Thane
54Rajendra Pachare299Mumbai
55Asit Bhansali299Mumbai
56Rikhav Desai297Navsari
57Dipankar Das295Kolkata
58Abhimanyu Sharma294Bangalore
59Sandeep Gupta293Rajkot
60Birendra Kumar293Patna
61Gopi Kishan Agarwal292Howrah
62Mohit Beriwala291Kolkata
63Vatsal Shah284Mumbai
64Jayesh Salvi283Navi Mumbai
65Naresh Karpe277Pune
66Dhanesh Shah277Mumbai
67Shubhangi Gopal Pai277Thane
68Manoj D Shankar269Kottayam
69Bindu N Kumar269Bangalore
70Vishal Bharat Modi266Thane
71Anjana Shah265Mumbai
72Kumud Dedhia259Mumbai
73Mukul Kulkarni259Nashik
74Bharat Gosar258Mumbai
75Varughese Mathai258Bangalore
76Sandeep Chhajer254Kolkata
77Dipak Kumar Das248Kolkata
78Shagun Sandeep Sutaria248Ahmedabad
79Jiten Karnani247Mumbai
80Suraj Prakash246Bangalore
81Sukanta Bhattacharjee246Burdwan
82Anil Khera243New Delhi
83Darshan Parekh241Mumbai
84Abhinav Mehta239Jodhpur
85Gautam Rathore238Udaipur
86K P Venkatarama Krishnan237Chennai
87Jitendra Jaiswal237New Delhi
88Abhenav Khettry237Kolkata
89Sridhaba Mahapatro236Hyderabad
90Mihirkumar Vijaybhai Kaji235Surat
91Durgesh D Babariya234Padra
92Mani Sharma232New Delhi
93Chandulal L Vasa232Mumbai
94Nikul C Parmar229Mumbai
95Palani Dhamodar228Bangalore
96Yezdi Framroz Langrana228Mumbai
97Hemant Satyavan Shah227Pune
98Vinit Chandulal Vasa227Mumbai
99Pankaj Ladha227Kota
100Joseph Elias Menezes226Mumbai
Who are the top 100 mutual fund distributors in India?

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

Ganesh Kumar

Mutual Fund Expert and Stock Market Enthusiast. Indian Stock Markets to the Moon 🚀

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