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FY 2022 marked a reversal in fortunes of major distributors after a poor FY 2021. In the previous financial year, the top 5 distributors (based on commission income) together brought in net inflows of Rs. 37,000 crore compared to Rs. 5,150 crore net outflow in FY 2021, shows AMFI data.
In FY 2022, State Bank of India brought in the highest net inflows for the mutual fund industry. The associate distributor of SBI MF received a net of Rs. 16,500 crore from investors for mutual fund investments in the last financial year. The net inflows was 18% of the gross inflows received by the bank.
NJ India was a distant second with net inflows of Rs. 8,700 crore, which was 19% of the gross inflows of Rs. 44,963 crore.
HDFC Bank ranked third in net inflows despite raking in over Rs. 70,600 crore gross inflows. Prudent Corporate Advisory and ICICI Securities were the other names in the top five list of distributors who received highest net inflows.
Top 20 distributors based on commission income (in Rs crore):
|
Distributor |
Gross Inflows |
Net Inflows |
Net to gross ratio |
|
State Bank of India |
90263 |
16490 |
18.3% |
|
NJ IndiaInvest |
44963 |
8696 |
19.3% |
|
HDFC Bank |
70627 |
5854 |
8.3% |
|
Prudent Corporate Advisory Services |
17668 |
3382 |
19.1% |
|
ICICI Securities Limited |
20133 |
2520 |
12.5% |
|
Anand Rathi Wealth |
11793 |
2440 |
20.7% |
|
ICICI Bank Limited |
24201 |
1892 |
7.8% |
|
Julius Baer Wealth Advisors (India) |
15847 |
1522 |
9.6% |
|
Bank Of Baroda |
6808 |
1481 |
21.8% |
|
Kotak Mahindra Bank |
22275 |
1472 |
6.6% |
|
HSBC |
10670 |
1278 |
12.0% |
|
HDFC Securities |
4174 |
1248 |
29.9% |
|
Axis Bank |
40433 |
1139 |
2.8% |
|
Standard Chartered Bank |
8114 |
657 |
8.1% |
|
IIFL Wealth |
51967 |
462 |
0.9% |
|
Geojit Financial Services |
2344 |
404 |
17.2% |
|
Bajaj Capital |
3859 |
8 |
0.2% |
|
JM Financial Services |
14147 |
-1216 |
-8.6% |
|
Citibank N.A |
8249 |
-1707 |
-20.7% |
|
Darshan Services |
1545 |
-9697 |
-627.6% |
