Meet the top 20 boutique MF distribution companies of India

AMFI’s latest data on AUM disclosure of the top MFDs shows that Sapient Wealth, Pioneer Client Associates and Bluechip Corporate Investment are the three largest boutique distribution companies in the MF industry.

Sapient Wealth promoted by Amit Bivalkar, Dhruv Mehta, Janak Shah, Roopa Venkatkrishnan, Paresh Kariya and Pallav Bagaria leads the pack with assets under advisory of over Rs.8000 crore. The company witnessed growth of 36% in the last one year.

Himanshu Kohli and Rohit Sareen’s Pioneer Client Associates and Bluechip Corporate founded by J Rajagopalan, J Rajaraman and J Kannan follow Sapient Wealth for second and third spots, respectively.

While Pioneer Client Associates AUM went up by 14% to reach Rs.6,600 crore in March 2022, Bluechip Corporate Investment managed assets of over Rs.5000 crore as on March 2022 compared to Rs.3971 as on March 2021.

Bharat Phatak and Ajit Khasnis’s Wealth Managers (India) and AUM Capital founded by Aditya Vikram Choudhary, Ashok Bhandari, Bijay Datta, Dinesh Jain and Vaibhav Jain captured fourth and fifth spot in the list.

Please note that we have considered distribution firms which are promoted by individuals to make this list. We have excluded banks, national distributors having sub broking arm, stock broking companies and individual MFDs.

Here is the complete list of the top boutique MF distribution companies.