News From Press Equity mutual fund SIPs boost distributors' income; AUM rise modest

Equity mutual fund SIPs boost distributors' income; AUM rise modest

Source: Business Standard Sep 2, 2023

Revenue from commissions saw double-digit growth in FY23. The rising popularity of equity mutual fund (MF) investing via the systematic investment plan (SIP) route led to double-digit revenue growth for MF distributors during 2022-23 (FY23).

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