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An analysis of AUM disclosure done by Cafemutual shows that India’s top 100 individual MFDs manage assets of over Rs.36,000 crore as on March 2022.
The assets under advisory of these individual distributors ranges between Rs.1425 crore and Rs.208 crore.
The analysis shows that as many as 43 MFDs are from Maharashtra with Mumbai alone producing 31 top individual MFDs. Pune and Thane constitute 6 and 5 top MFDs, respectively.
Gujarat followed Maharashtra in terms of the total number of top MFDs. The state accounts for 14 top individual MFDs. Delhi is the third largest state/UT in terms of the top MFDs population. The national capital sees 10 individuals making it to the list of top MFDs.
Of these 100 MFDs, 10 MFDs are from B30 cities – Kannan Padma (Bellary), Manoj Shankar (Kottayam), Vivek Mahajan (Amritsar), Karan Agarwal (Aligarh), Rikhav Desai (Navsari), Probin Agarwalla (Siliguri), Nikhil Thakker (Anand), Sandesh Shenoy (Mangalore), Abhinav Mehta (Jodhpur) and Sukanta Bhattacharjee (Burdwan).
Interestingly, 12 of them are women – Manjula S, Jennifer Mendes, Rashmi Thukra, Nonie Kapoor, Zeenat Jagani, Sangeeta Chitnis, Shubhangi Pai, Anjana Shah, Mukul Pravin Kulkarni, Shagun Sutaria, Ami Dalal and Simran Kewalramani.
Here is the complete list of the top MFDs of India:
|
Individual MFDs |
AUM as on March 2022 (In Rs. crore) |
Location |
|
Gaurav Ganpule |
1425 |
Pune |
|
Manjula S |
1346 |
Bangalore |
|
Ganesh Shanbhag |
1188 |
Mumbai |
|
Hari Kamat |
758 |
Panaji |
|
Sadashiv Phene |
743 |
Mumbai |
|
Harish Kotian |
637 |
Mumbai |
|
Jennifer Mendes |
606 |
Mapusa |
|
Rakesh Pasricha |
583 |
New Delhi |
|
Rajbir Singh |
578 |
Mumbai |
|
Mukund Seshadri |
574 |
Mumbai |
|
Ranjan Panigrahi |
564 |
Mumbai |
|
Rashmi Thukral |
552 |
Varanasi |
|
Nonie Kapoor |
550 |
Delhi |
|
Saibal Biswas |
541 |
Kolkata |
|
Kooran Varghese Polson |
538 |
Delhi |
|
Yogesh Shah |
528 |
Ahmedabad |
|
Anandbir Singh |
525 |
Kolkata |
|
Mukesh Dokania |
526 |
Mumbai |
|
Divyesh Rach |
502 |
Mumbai |
|
Ravindra Oberoi |
487 |
Mumbai |
|
Dhananjay Kale |
486 |
Pune |
|
Deepesh Arora |
466 |
Ahmedabad |
|
Hari Mohan Gupta |
464 |
Delhi |
|
Kannan Padma |
424 |
Bellary, Karnataka |
|
Salil Kothari |
418 |
Mumbai |
|
Ramkumar Barchha |
412 |
Rajkot |
|
Zeenat S Jagani |
396 |
Mumbai |
|
Deepanshu Singhal |
388 |
Delhi |
|
Mukesh Parikh |
381 |
Ahmedabad |
|
Nayan Saraiya |
380 |
Mumbai |
|
Vishal Modi |
374 |
Thane |
|
Sandeep S Borse |
352 |
Thane |
|
Sangeeta Milind Chitnis |
344 |
Mumbai |
|
Prasad R Sangam |
342 |
Pune |
|
Iqbal Singh |
339 |
Chandigarh |
|
Deepak |
335 |
Ludhiana |
|
Rajat Bhargava |
330 |
Gurgaon |
|
D Muthukrishnan |
328 |
Chennai |
|
Manoj D Shankar |
323 |
Kottayam |
|
Prakash Hariram Lohana |
316 |
Baroda |
|
Sharad Gupta |
307 |
Gurgaon |
|
Shashank Agarwal |
306 |
Bangalore |
|
Bimal Mansukhlal Panchamia |
302 |
Mumbai |
|
Hemant Suryakant Powale |
296 |
Thane |
|
Vivek Mahajan |
293 |
Amritsar |
|
Raj Tapan |
289 |
Baroda |
|
Dipankar Das |
288 |
Kolkata |
|
Sachin Shashikant Parekh |
286 |
Mumbai |
|
Arun Vishwanath Lagu |
284 |
Thane |
|
Pranjal Apoorva Wagh |
283 |
Mumbai |
|
Jayesh Subhash Salvi |
282 |
Navi Mumbai |
|
Karan Agarwal |
280 |
Aligarh |
|
Asit Haresh Bhansali |
278 |
Mumbai |
|
Shubhangi Gopal Pai |
277 |
Thane |
|
Sandeep Gupta |
274 |
Rajkot |
|
Dhanesh M. Shah |
273 |
Mumbai |
|
Nimish Kantilal Unadkat |
271 |
Mumbai |
|
Yashwant Amarsingh Rathod |
271 |
Pune |
|
Parimal Sadashivrao Ade |
270 |
Pune |
|
Anjana Shah |
267 |
Mumbai |
|
Laxmi Narayan Gupta |
266 |
Lucknow |
|
Rikhav Suresh Desai |
266 |
Navsari |
|
Kumud Ketan Dedhia |
262 |
Mumbai |
|
Vatsal Pravin Shah |
261 |
Mumbai |
|
Sanjay Mahendrakumar Nanavati |
261 |
Mumbai |
|
Jignesh V Shah |
257 |
Surat |
|
Naresh Popatrao Karpe |
256 |
Pune |
|
Mukul Pravin Kulkarni |
254 |
Nashik |
|
Yezdi Framroz Langrana |
254 |
Mumbai |
|
Dipak Kumar Das |
252 |
Kolkata |
|
Rajeev Murarka |
251 |
Ranchi |
|
Rajendra Pachare |
248 |
Mumbai |
|
Probin Agarwalla |
246 |
Siliguri |
|
Thakker Nikhil Vasudev |
246 |
Anand |
|
Varughese Mathai.K |
245 |
Bangalore |
|
Abhimanyu Kantilal Sharma |
244 |
Bangalore |
|
Shagun Sandeep Sutaria |
244 |
Ahmedabad |
|
Birendra Kumar |
243 |
Patna |
|
Jiten Arjun Karnani |
242 |
Mumbai |
|
Gopi Kishan Agarwal |
240 |
Howrah |
|
Mohit Beriwala |
233 |
Kolkata |
|
Anil Khera |
231 |
New Delhi |
|
Ami Vishal Dalal |
231 |
Surat |
|
Abhenav Khettry |
230 |
Kolkata |
|
Bharat Tokershi Gosar |
228 |
Mumbai |
|
Sandesh Shenoy |
227 |
Mangalooru |
|
Harshvardhan B Sekhsaria |
226 |
Mumbai |
|
Suraj Prakash |
223 |
Bangalore |
|
Yogendra Dilipbhai Doshi |
222 |
Surat |
|
Joseph Elias Menezes |
219 |
Mumbai |
|
Mani Sharma |
218 |
New Delhi |
|
Anurag Bagrodia |
217 |
Bangalore |
|
Darshan Mahendra Parekh |
216 |
Mumbai |
|
Sanat Kacker |
214 |
New Delhi |
|
Gautam Rathore |
211 |
Udaipur |
|
Simran Kewalramani |
211 |
Kolkata |
|
Abhinav Mehta |
210 |
Jodhpur |
|
Pihas Mukesh Parikh |
209 |
Ahmedabad |
|
Sandeep Chhajer |
208 |
Kolkata |
|
Sukanta Bhattacharjee |
208 |
Burdwan |
|
Total |
36455 |
33 locations |
Please note that we have considered only individual mutual fund distributors’ name to make this list. We have excluded boutique distribution firms that are promoted by individual MFDs.
