Of the total 33,150 distributors who manages AUM of at least Rs.1 crore (can be considered as active), just 3% or 959 distributors manage AUM of over Rs.100 crore as on January 2019.
Further, 95 distributors manage AUM in excess of Rs.1000 crore and 80 distributors have assets under advisory (AUA) between Rs.500 crore and 999 crore. Interestingly, there are quite a few individual distributors falling in the 500+ crore category.
Close to 790 distributors manage between Rs.100 crore and Rs.499 crore.
Further analysis of distributor AUM data that covers 95% of the total industry AUM shows that close to 3100 distributors manage assets between Rs.50 crore and Rs.99 crore.
Surprisingly, majority of active distributors i.e. 29,000 distributors manage AUA between Rs.1 crore and 49 crore as on January 2019.
Overall, the mutual fund industry has 88,000 distributors who hold assets of minimum Rs.10 lakh.
AUA of distributors
|
AUM slab |
No of distributors |
|
Above Rs.1000 crore |
95 |
|
Rs.500 crore - 999 crore |
80 |
|
RS.100 - 499 crore |
784 |
|
Rs.50 crore - 99 crore |
3104 |
|
Rs.1 crore - 49 crore |
29091 |
|
Total |
33154 |
Source: Industry data
