The top three mutual funds (MFs) paid out 10-18 per cent higher commissions to distributors during the financial year 2022-23 (FY23) compared to FY22 as a sustained rise in flows from the systematic investment plan (SIP) route boosted distributors' share in the assets under management (AUM), according to an analysis of the disclosures by the top three fund houses.
State Bank of India (SBI) MF saw its commission payout go up 18 per cent year-on-year (YoY) to Rs. 1,675 crore.
