By Mr. Yaseen Sahar, Financial Expert
Over 29,400 individuals join Mutual Fund distribution business in 2024
AMFI ((Association of Mutual Funds in India)) data shows that the Indian Mutual Fund industry has added over 29,435 new ARN holders in 2024 compared to 22,657 new ARN holders in 2023, a healthy growth of 30% in one year.
61,646 new ARNs,,!
Overall,
the total number of new ARN registrations has witnessed a growth of 23% in
2024. The industry has added a total of 61,646 new ARNs across categories
throughout the year 2024 while this number was 49,857 in 2023.
Here are the key
trends in the ARN registrations:
·
In
2024, the individual ARN registrations, which grew by around 30%, grew twice as
fast than the corporate employees’ registrations which grew by 15%.
·
In
2024, 29,435 new ARNs registered under the individual category while 30,108
ARNs were registered under the corporate employees’ category.
·
1,817
ARNs registered under corporate ARN which is 61% more than the 1,125 ARNs under
this category in 2023.
·
ARN
registrations under categories like private limited companies, private
partnership firms & etc. also grew by 62%. In 2024, the ARNs under this
category stood at 1799 ARNs compared to 1,106 ARNs in 2023
·
As
on December 2024, the total ARN holders stood at 1,73,664 and 87,147 ARNs out
of the these belong to T-30 cities while 86,517 ARNs are from B-30 towns.
·
Overall,
if we include EUIN holders, the industry has 2,93,525 foot soldiers
AMFI
attributes this to ‘MFD karein shuru’ campaign.
AMFI
has launched this campaign to increase the number of distributors in India.
Also, the demand of mutual funds as a product has gone up, which encouraged
many individuals to join the distribution work force.
Mr. Yaseen Sahar has been reached at rahas84@gmail.com and 98433 13512
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme
related documents carefully. The past performance of the mutual funds is not
necessarily indicative of future performance of the schemes.
