In FY21, their revenues were Rs 1,043 crore and Rs 915 crore respectively, shows Care Advisory Research and Training report presented by Anand Rathi Wealth in its draft IPO prospectus.
Of the total new folios of 1.45 crore opened in FY 2021, RIAs, fintech companies and individual MFDs have added 70 lakh new folios or 50% of the total folios.
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