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:

Ranking	MFDs	AUM (in Crores)	City
1	Madhav and Gaurav Ganpule	1,547	Pune
2	Ganesh Shanbhag	1,242	Mumbai
3	Manjula S	1,041	Bangalore
4	Ranjan Panigrahi	887	Mumbai
5	Sadashiv Phene	851	Mumbai
6	Hari Kamat	836	Goa
7	Mukund Seshadri	708	Mumbai
8	Jennifer Mendez	681	Goa
9	Harish Kotian	672	Mumbai
10	Rakesh Pasricha	618	New Delhi
11	Mukesh Dokania	618	Kolkata
12	Divyesh Rach	616	Mumbai
13	Rajbir Singh	611	Mumbai
14	Saibal Biswas	605	Kolkata
15	Anandbir Singh	577	Mumbai
16	Dhananjay Kale	560	Pune
17	Yogesh Shah	549	Ahmedabad
18	Salil Kothari	546	Mumbai
19	Ravindra Oberoi	514	Mumbai
20	Deepesh Arora	510	Ahmedabad
21	Ramkumar Barchha	509	Rajkot
22	Nonie Kapoor	504	New Delhi
23	Ajay N Mishra	450	Mumbai
24	Nayan Saraiya	439	Mumbai
25	Mukesh Kumar	434	Bangalore
26	Rajinder Pal Singh Anand	431	Mumbai
27	Rashmi Thukral	421	Varanasi
28	Zeenat Jagani	417	Mumbai
29	Drumesh Pandya	414	Ahmedabad
30	Priti Kucheria	413	Mumbai
31	Deepanshu Singhal	396	New Delhi
32	Raj Tapan	372	Baroda
33	Shashank Agarwal	372	Bangalore
34	Sharad Gupta	352	Gurgaon
35	D Muthukrishnan	350	Chennai
36	Rajat Bhargava	349	Gurgaon
37	Sneha Mohan Bhoj	348	Mumbai
38	Hemant Powale	343	Thane
39	Deepak	340	Ludhiana
40	Sachin Parekh	339	Mumbai
41	Prakash Lohana	339	Baroda
42	Karan Agarwal	334	Aligarh
43	Bimal Panchamia	334	Mumbai
44	Vivek Mahajan	333	Amritsar
45	Pranjal Wagh	321	Mumbai
46	Rajeev Murarka	310	Ranchi
47	Jignesh Shah	310	Surat
48	Yashwant Rathod	306	Pune
49	Probin Agarwalla	306	Siliguri
50	Nimish Unadkat	304	Mumbai
51	Laxmi Narayan Gupta	304	Lucknow
52	Parimal Ade	301	Pune
53	Arun Lagu	300	Thane
54	Rajendra Pachare	299	Mumbai
55	Asit Bhansali	299	Mumbai
56	Rikhav Desai	297	Navsari
57	Dipankar Das	295	Kolkata
58	Abhimanyu Sharma	294	Bangalore
59	Sandeep Gupta	293	Rajkot
60	Birendra Kumar	293	Patna
61	Gopi Kishan Agarwal	292	Howrah
62	Mohit Beriwala	291	Kolkata
63	Vatsal Shah	284	Mumbai
64	Jayesh Salvi	283	Navi Mumbai
65	Naresh Karpe	277	Pune
66	Dhanesh Shah	277	Mumbai
67	Shubhangi Gopal Pai	277	Thane
68	Manoj D Shankar	269	Kottayam
69	Bindu N Kumar	269	Bangalore
70	Vishal Bharat Modi	266	Thane
71	Anjana Shah	265	Mumbai
72	Kumud Dedhia	259	Mumbai
73	Mukul Kulkarni	259	Nashik
74	Bharat Gosar	258	Mumbai
75	Varughese Mathai	258	Bangalore
76	Sandeep Chhajer	254	Kolkata
77	Dipak Kumar Das	248	Kolkata
78	Shagun Sandeep Sutaria	248	Ahmedabad
79	Jiten Karnani	247	Mumbai
80	Suraj Prakash	246	Bangalore
81	Sukanta Bhattacharjee	246	Burdwan
82	Anil Khera	243	New Delhi
83	Darshan Parekh	241	Mumbai
84	Abhinav Mehta	239	Jodhpur
85	Gautam Rathore	238	Udaipur
86	K P Venkatarama Krishnan	237	Chennai
87	Jitendra Jaiswal	237	New Delhi
88	Abhenav Khettry	237	Kolkata
89	Sridhaba Mahapatro	236	Hyderabad
90	Mihirkumar Vijaybhai Kaji	235	Surat
91	Durgesh D Babariya	234	Padra
92	Mani Sharma	232	New Delhi
93	Chandulal L Vasa	232	Mumbai
94	Nikul C Parmar	229	Mumbai
95	Palani Dhamodar	228	Bangalore
96	Yezdi Framroz Langrana	228	Mumbai
97	Hemant Satyavan Shah	227	Pune
98	Vinit Chandulal Vasa	227	Mumbai
99	Pankaj Ladha	227	Kota
100	Joseph Elias Menezes	226	Mumbai

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