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An analysis of AUM disclosure done by Cafemutual shows that India’s top 50 boutique MFD firms manage assets of over Rs.87,000 crore as on March 2022.
The assets under advisory of these distributors range between Rs.8000 crore and Rs.700 crore.
Interestingly, of the top 50 boutique MF distribution firms, top 31 firms manage assets in excess of over Rs.1000 crore.
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:
|
Distribution company |
Founders/Promoters/Senior management |
AUM as on March 2022 |
|
Sapient Wealth |
Amit Bivalkar, Dhruv Mehta, Janak Shah, |
8005 |
|
Pioneer Client Associates |
Himanshu Kohli and Rohit Sareen |
6622 |
|
Bluechip Corporate Investment Centre |
J Rajagopalan, J Rajaraman and J Kannan |
5058 |
|
Wealth Managers (India) |
Bharat Phatak and Ajit Khasnis |
4883 |
|
AUM Capital Market Pvt Ltd |
Aditya Vikram Choudhary, Ashok Bhandari, |
3598 |
|
Scripbox.Com |
Atul Shinghal and Sanjiv Singhal |
3539 |
|
Integrated Enterprises (India) Pvt Ltd |
N. Gopalaswamy, Sriram Vaidyanathan, |
3311 |
|
Three Cube |
Alwar Easwaramoorthy and Cinu Jones |
2379 |
|
Brain Point Investment Centre |
Jaydeep Kashikar |
2355 |
|
AM Unicorn Professional |
Surya Bhatia |
2338 |
|
Edge Investment Services |
NA |
2163 |
|
Wealth First Portfolio Managers |
Ashish Shah |
2034 |
|
AD Naik Wealth |
Nikhil Naik |
1876 |
|
MFA Capital |
Amar Pandit |
1806 |
|
Fisdom |
Subramanya S V |
1765 |
|
Krushna Finserv |
Sanjay Khatri |
1644 |
|
Equirus Wealth |
Rahul Roy Chowdhury |
1593 |
|
Jain Privy Client |
Vinod Jain |
1524 |
|
Beyond Life |
Ravi Jethani |
1500 |
|
SJ Investment Services |
Pratap Trivedi and Rajnikant Trivedi |
1431 |
|
Pine Wealth |
Bharat Raj Sikri, Mayank Kaurav, |
1397 |
|
Chadha Investment Consultant |
Major Ashish Chadha |
1308 |
|
Complete Circle Capital |
Gurmeet Chadha and Kshitiz Mahajan |
1279 |
|
Aureus Wealth |
Asheish Surti and Minoo Engineer |
1269 |
|
Wiseinvest |
Hemant Rustagi |
1180 |
|
Autus Wealth |
Ajay Laddha |
1166 |
|
SLA Finserv |
Ashish Modani |
1110 |
|
Peakalpha Investment Services |
Shyam and Priya Sunder |
1102 |
|
Value One Up Distributor |
B V R Venkatesh Bapu |
1068 |
|
Vista Wealth |
N Krishnan |
1032 |
|
Etica Wealth |
Gajendra Kothari |
1030 |
|
Wealth Managers United India |
Jay Prakash Pai |
893 |
|
MFA Wealth |
NA |
886 |
|
Wealth First Advisors |
Ashish Shah |
861 |
|
Indus Capital |
Sanjay Sanghvi |
850 |
|
Abacus Mutual |
Mazhar Arif and Yasir Varawala |
819 |
|
Maloo Investwise |
Dr. Ramesh Maloo |
805 |
|
Think Financial |
Ranjit Dani |
801 |
|
Safe Assets |
Killol Ringwala |
797 |
|
FINFREEDOM33 |
Nitin Patel |
769 |
|
Prescient Financial |
Sangeeta Jhaveri |
761 |
|
Regis and Savoy Capital |
Anil Nahar |
744 |
|
Divitas Capital |
Arjun Sawhny |
732 |
|
Ladderup Wealth |
Sunil Goyal and Raghvendra Nath |
729 |
|
Aevitas Capital |
Anurag Seth |
728 |
|
Prime Capital |
Dhiraj Mittal |
714 |
|
I Can Financial |
Umesh Shukla |
710 |
|
Money Honey Financial Services |
Anup Bhaiya |
707 |
|
Finnovators |
Amarnath Lal, Balvir Chawla, |
701 |
|
FinEdge Advisory |
Harsh Gahlaut |
697 |
|
Total |
87000 |
|
The analysis shows that Sapient Wealth, Pioneer Client Associates and Bluechip Corporate Investment are the three largest boutique distribution companies in the MF industry.
