These distributors dominate the Indian distribution landscape

An analysis of the assets under advisory (AUA) of India’s top distributors shows that NJ India Invest remains at the top of the table in terms of gross commission. Axis Bank has also retained its second spot.

Next in the list is State Bank of India, which has jumped up one rank to replace HDFC Bank as the third largest MF distributor in terms of gross commission. Anand Rathi Wealth Services is another MF distributor that has moved up the ladder to grab a place in the top 10 table of highest gross commission earning distributors.

Here are the top 10 distributors in terms of earning gross commission.

Among the individual MF distributors, Sapient Wealth Advisors and Brokers has moved to the top of the ladder in FY 2019-20 in terms of earning gross commission.

Next in the list is Wealth Managers (India), which was in the second spot in the preceding fiscal as well. Jain Investment Planner meanwhile has moved up the ladder by three spots to occupy the third place.

Here are the top 10 individual MFDs based on gross commission.