Top mutual fund distributors in the country saw their gross commissions payout in 2016-17 increase by 36%, according to the data released by the Association of Mutual Funds of India (Amfi). Top 10 distributors, based on commissions paid in 2016-17, received Rs2,379.42 crore in commissions in 2016-17, compared to Rs1,725.67 crore paid to them in 2015-16 (see table).
AMFI discloses commissions of distributors that meet any of the four criteria—present in at least 20 locations or managing assets worth at least Rs100 crore or those that have received commissions worth at least Rs1 crore across all mutual funds put together or above Rs50 lakh from a single fund house. As per guidelines laid out by the capital markets regulator, the Securities and Exchange Board of India (Sebi), it is mandatory for fund houses to disclose commissions they pay to these distributors on their websites. Additionally, Amfi collates this data and presents a cumulative picture on its own website.
