India total number of Mutual Fund Distributors at
1.78 lakh..!
 |
| Yaseen Sahar, Financial Expert |
Mr. Yaseen Sahar, Financial Expert
An
analysis of industry data shows that the mutual fund (MF) industry has added a
record number of individual distributors in 2024-25.
Analysis
indicates that 29,555 individuals joined the mutual fund distribution business
in 2024-25 the highest number recorded in the last 5 years.
If
include the addition of other distributor categories like corporate MFDs,
private limited or partnership firms, and EUIN holders (employees of banks,
national distributors, or other MFDs), the total number of new distributors
added in 2024-=25 rises to 64,109, again, the highest ever recorded.
In the
last 5 years, the industry has added 1.04 lakh individual MFDs and 2.25 lakh
total distributors including EUIN holders.
Here's a
year-wise breakdown:
|
Year |
No.
of individual MFD added |
Total number of MFDs |
|
2024-25 |
29,555 |
64,109 |
|
2023-24 |
23,787 |
50,841 |
|
2022-23 |
23,261 |
51,453 |
|
2021-22 |
21,700 |
42,399 |
|
2020-21 |
5,601 |
16,119 |
|
Total |
1,03,904 |
2,24,921 |
About 1
crore new investors joined the Indian Mutual Fund industry in 2024-25.
The distributors
are now looked upon with respect, especially due to their practices of
recommending the right products such as diversified funds and promoting concepts
like SIPs, STPs, SWPs and asset allocation.
The
mutual fund distribution is emerging as one of the best career choices for
young Indians. Many individuals in small towns are now acquiring ARNs to start
their own ventures.
Overall,
the industry now has 1.78 lakh distributors, including 1.62 lakh individual
MFDs. Notably, 45% of MFDs are based in B30 cities (beyond the top 30 cities).
Further,
our analysis shows that Maharashtra accounts for the highest number of new ARN
registration with 22% of the total distributor count coming from the state.
Gujarat and Uttar Pradesh follow Maharashtra with 9% and 8%, respectively.
Among the
top 10 states which added the highest number of ARN holders are West Bengal,
Bihar, Tamil Nadu, Madhya Pradesh, Karnataka, Rajasthan and Delhi.
In terms
of ARN renewals, 45,994 individuals renewed their licenses in 2024-25.
Mr. Yaseen Sahar has been reached at rahas84@gmail.com and 98433 13512
