I was reading an article on some news portal which showed how much commissions mutual fund distributors earned in 2017-18. Where is data published and can someone post the numbers for the last year?
How much commissions did mutual fund distributors earn in 2017-18 and who were the top earners?
₹8500 crores were paid as commissions in the year 2017-18 while ₹5000 crores were paid out in the year 2016-17. Here are the top 10 distributors and the commissions they earned. Here is a Google sheet with the complete commission disclosure. This begs the question is it really sustainable? Each one of should try to spread the word about direct mutual funds to as many people as possibe.
| Name of the ARN Holder | Gross Amount paid 17-18 | Gross Amount paid 17-16 |
|---|---|---|
| HDFC Bank Limited | 641.39 | 396.51 |
| NJ Indiainvest Pvt Ltd | 786.77 | 442.68 |
| Axis Bank Limited | 537.71 | 248.53 |
| State Bank of India | 557.90 | 178.79 |
| Kotak Mahindra Bank Limited | 274.29 | 198.67 |
| ICICI Bank Limited | 470.28 | 279.68 |
| IIFL Wealth Management Limited | 175.01 | 157.43 |
| Citibank N.A | 248.96 | 185.02 |
| ICICI Securities Limited | 316.53 | 172.58 |
| Hongkong & Shanghai Banking Corporation Ltd. | 121.39 | 99.94 |