The State Bank of India (SBI) has emerged as one of India’s fastest growing mutual fund distributors in FY 2020-21. The bank saw its income from gross mutual fund commissions grow from ₹374 crore in FY 2019-20 to ₹488 crore in FY 2020-21, according to mutual fund commission data put out by industry body AMFI. SBI overtook Axis Bank to become India’s second largest mutual fund distributor in FY 2020-21.
Solving the KYC mess: 5 steps that SEBI has taken to make things easy
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