Looking for a reliable platform for MF in India? Look no further! We have the inside scoop on the best mutual fund distributor network to help you make intelligent investment choices.
These distributors are mainly in charge of assisting investors in buying and selling mutual funds. But they ought to be regulated by official regulators like SEBI or AMFI.
Our handpicked list displays the most reliable distributors, providing access to a wide range of funds. And at the same time, these Top MFD Platforms in India gets a reliable and easy-to-use status.
MF is the future of the investment market. If you want to be part of the best MF distributor network, take advantage of this list of top-rated MF distributors to secure your financial future.
Best Mutual Fund Advisor Network in India – List of Top 10 Mutual Fund Seller Platforms of 2024
In India’s dynamic MF industry, these are the top 10 mutual fund selling platforms of 2024. Firstly, each platform stands out for its rich status and customer-centric approach.
Secondly, these platforms are known for having the best mutual fund agent network. So that’s also another reason for counting them in this review. The vast agent network of HDFC Mutual Fund sets its brands apart.
Sharekhan MF excels in providing bespoke solutions. Similarly, the IIFL Mutual Fund, Karvy Mutual Fund, Motilal Oswal MF, and all other brands in this list have unique traits. People tune into these distributors’ MF schemes because they are reliable.
Also, these platforms utilize user-friendly interfaces, ensuring ease of use for customers. Some offer a wide range of MF schemes. Still, the final choice for the MF Distributorship Platform is yours.
In this review, we have tried to give reliable guidance on the top MF seller platform of 2024 that you can join. So, without further ado, take a look.
Compare Top 10 MFD Providers in India
| Brand | Investment | Commission | ARN Support | Est. Monthly Profit |
| Motilal Oswal AMC | Rs.1.15 Lakh – Rs.1.25 Lakh | 1% to 2% of AUM | Yes | Rs.81,491 |
| Sharekhan | Rs.98,000 – Rs.1,28,000 | 0.75% to 1.5% of AUM | Yes | Rs.65,620 |
| IIFL AMC | Rs.85,000 – Rs.1 Lakh | 1% to 2% of AUM | Yes | Rs.82,375 |
| Karvy | Zero – Rs.40,000 | 0.6% to 1.2% of AUM | Yes | Rs.83,650 |
| HDFC AMC | Rs.1.45 Lakh – Rs.1.6 Lakh | 1% to 2% of AUM | No | Rs.69,188 |
| NJ AMC | Rs.1.4 Lakh – Rs.1.55 Lakh | 0.6% to 1.05% of AUM | Yes | Rs.82,595 |
| Bajaj Finserv | Rs.1.3 Lakh – Rs.1.6 Lakh | 1% to 2% of AUM | Yes | Rs.73,375 |
| Prudent | Rs.25,000 – Rs.55,000 | 0.6% to 1.2% of AUM | Yes | Rs.63,416 |
| Funds India | Rs.5,000 – Rs.45,000 | 0.6% to 1.2% of AUM | Yes | Rs.63,224 |
| SBI AMC | Rs.1.45 Lakh – Rs.1.6 Lakh | 1% to 2% of AUM | No | Rs.69,531 |
If we compare mutual fund seller networks, several players with varying features, commission rates, and ARN support can be seen.
Among the prominent distributors are Motilal Oswal, Share Khan, IIFL, Karvy, NJ, HDFC, Bajaj Finserv, Prudent, Funds India, and SBI.
Motilal Oswal and IIFL offer similar investment, earning potential, and ARN support. Also, the commission range stands at 1% to 2% of AUM at both.
On the other hand, Sharekhan and NJ are the best fit for folks seeking a modest investment range.
Karvy, Prudent, and Funds India are viable options for those starting with lower capital, with commissions varying from 0.6% to 1.2% of AUM.
Bajaj Finserv is also a great choice. But you should better review each broker individually.
Motilal Oswal AMC – Best Mutual Fund Distributor Network in India
Motilal Oswal Mutual Fund Distributor is also a Top Mutual Fund Distributor Network for 2024. And some folks are pretty sure about it.
The company is ruling the MF sector with a vast network of over 3000 distributors. But the best part is that you can also join this giant network.
Set up in 1987, Motilal Oswal invites aspiring agents to earn attractive payouts in its MF network. Free advisory services and support are always there for a quick start.
The distributorship requires a small office space of 200–300 sq. ft. and a minimum of two employees.
While the investment is reasonable, the monthly profit potential is enticing, with a breakeven time of 2-3 months and a payout time of only 30 days.
Pros:
- Distributors can earn commissions ranging from 1% to 2% of AUM.
- Free Advisory Services make client handling possible without any additional cost.
- The company offers extensive support, e.g., product training, webinars, and advisory assistance.
- Moreover, the average monthly profit is Rs. 81,491, with a short breakeven time of 2-3.
- Motilal Oswal, a prominent player in the financial industry, provides credibility in the business.
Cons:
- Monthly office expenses of Rs.40,000 to Rs.50,000 can be a notable downside.
- While the company offers some marketing support, more is needed for some.
- The absence of direct revenue sharing per client acquisition might require distributors to focus on AUM growth for higher earnings.
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Sharekhan – Top MF Distributor Platform
Sharekhan is another leading MF distributor platform, offering a well-paid feast to sub-brokers. This private firm is based in Mumbai, set up in 2000 by Jaideep Arora.
The platform’s vast distribution network of over 7,000 partners is already working together to bring mutual fund investments to the masses.
Now, let’s talk numbers. You can also kickstart this thrilling distributorship journey for Rs.98,000 to Rs.1,28,000. And guess what? With commissions ranging from 0.75% to 1.5% of AUM, you’ll be counting those extra bucks before you know it!
All these reasons show that Sharekhan is running a top MF Distributor platform program you can consider joining. More is discussed in the pros and cons.
Pros:
- Provide access to a vast network of 7,000+ potential clients for mutual fund sales.
- You can earn attractive commissions from 0.75% to 1.5% of Assets Under Management (AUM).
- Plus, you achieve break even within 1-2 months, indicating potential for early profitability.
- Founded in 2000 by Jaideep Arora, offering the credibility of an experienced leader.
- Enjoy a distributorship tenure for a lifetime, displaying a stable and long-term business opportunity.
Cons:
- The one-time distributorship fees range from Rs. 73,000 to Rs. 1.03 lakh, which might be a significant upfront cost.
- A lack of webinars for product training may hinder ongoing learning and professional growth.
- The inability to offer direct mutual funds might limit client choices and investment options.
IIFL AMC – Best Mutual Fund Seller Network in India
IIFL Mutual Fund Distributor stands as India’s best mutual fund seller network, offering a wide array of benefits to investors and distributors alike.
Founded in 1995 by Nirmal Jain, IIFL has grown to be a trusted firm with its head office in Mumbai. It is a reliable option with a vast network of 3000+ AMC distributors.
However, the distributorship tenure spans two years, during which distributors can earn lucrative commissions ranging from 1% to 2% of the Assets Under Management (AUM).
The initial investment required is modest, falling within Rs.85,000 to Rs.1 Lakh. The prompt payout time of 30 days ensures financial stability for distributors.
Pros:
- With the potential to earn 1% to 2% of AUM as commissions, distributors enjoy an attractive ROI.
- Start with a minimum office area of 150 sq. Ft. and at least two employees.
- A short breakeven time of 1 to 2 months allows distributors to start reaping profits in less time.
- Support for lead management, client portfolio reports, and other operations streamlines operations.
- Free advisory support, webinars, and product training equip agents with vital skills.
Cons:
- While IIFL offers some marketing aid, added promotional tools may be required to expand the client base further.
- Distributors need to bear monthly office expenses, which might impact profitability initially.
- IIFL does not offer specific support for individual client acquisitions, which can be stressful.
Karvy – Best Mutual Fund Advisory Platform in India
Karvy Mutual Fund Distributor is a prominent brand in this list of the best mutual fund advisory platforms in India. Since 1983, the company has built strong footholds in the financial market.
Currently, we offer top-notch services in the mutual fund domain. With a lucrative commission structure of 0.6% to 1.2% of Assets Under Management (AUM), it invites distributor agents to spread its MF services nationwide.
Karvy Mutual Fund Distributor requires minimal investment, and office space arrangements are optional. No worries if it appears difficult. Distributor support comes to the rescue.
Pros:
- With commission rates of 0.6% to 1.2% of AUM, distributors have the potential to earn substantial profits.
- Low investments ranging from zero to Rs. 40,000 allow distributors to enter the market without financial constraints.
- The private company boasts a small network of 100+ distributors as of now.
- Karvy provides various support services, including ARN generation, product training, and webinars.
- Karvy enhances the earning potential for distributors with commission Incentives above 1% and free advisory services.
Cons:
- Karvy does not offer direct mutual fund options, which is a potential drawback for investors.
- The broker may only provide support and advice for some MF schemes.
- Karvy is possibly an unfamiliar name to explorers of Mutual Fund schemes.
HDFC AMC – Top Mutual Fund Distributor Network in India
HDFC Mutual Fund Distributor is one the Top mutual fund distributor network in India.
With a charming presence since 1999, HDFC’s MF department has built a massive family of 2000+ AMC distributors today.
Since the broker has a pre-built repo in the banking line, the HDFC MF distributor appears like a big, supportive community, ensuring everyone’s money is safe.
The most incredible part is that these distributors enjoy a sweet 1% to 2% commission on the Assets Under Management (AUM).
Also, in just 30 days, they ensure those earnings hit your account on a specific date. So, if you’re looking for the best mutual fund distributor, HDFC is the one you’ve been waiting for!
Pros
- As an HDFC Mutual Fund Distributor, you can earn commissions ranging from 1% to 2% of AUM.
- HDFC is a well-known name, and associating with such a reputable brand can enhance your credibility.
- With a breakeven period of just 2 to 3 months, you can expect a quick ROI.
- HDFC provides product training, webinars, advisory services, and back-office support to stay updated.
- Free Relationship Manager Support by the broker is helpful in multiple ways.
Cons
- One-time high distributorship fee
- Limited marketing support
- Mobile or telephone setup might pose an added cost.
NJ – Top 10 MFD Platform in India
NJ Mutual Fund Distributor is one of India’s top 10 MFD Programs, offering various benefits to its distributors.
Founded in 1994, the Mumbai-based firm has strengthened its distributor network through extensive support and training for almost three decades.
The distributorship requires a minimum area of 150–250 sq. ft. and at least two employees. But the best part is that they offer direct mutual funds and don’t charge any commission per client acquisition.
NJ Mutual Fund Distributor presents a lucrative opportunity for aspiring advisors with its robust support system, renowned brand presence, and attractive commission rates. Discussed more in the pros and cons section.
Pros:
- With its wide-ranging support, NJ Mutual Fund enables distributors to operate efficiently.
- The company provides product training through webinars, ensuring that advisors stay up-to-date with market trends and new offerings.
- Distributors can earn attractive commissions above 1% based on AUM.
- Agents can benefit from free advisory services, enhancing their ability to serve clients effectively.
- With over 5,000 distribution networks, NJ Mutual Fund Distributor has built a strong reputation in the industry.
Cons:
- An upfront fee of Rs. 1 lakh is required to become a distributor, which might be a barrier.
- Although the company offers marketing support, it may need to be expanded in scope, requiring you to invest in your marketing efforts.
- Running the distributorship requires a monthly fixed expense of Rs.40,000–Rs.55,000.
Bajaj Finserv – Best Mutual Fund Agent Network
You can also choose to become a Bajaj Finserv Mutual Fund distributor in this list of mutual fund agent networks and seize exciting perks.
The account setup process is a breeze; just 250–300 Sq. Ft. of space and at least two employees are enough. While a dealer terminal is optional, mobiles and telephones are mandatory to stay connected.
The support provided is top-notch. Besides, the revenue-sharing model offers 1% to 2% of AUM, which means you can expect an average monthly profit of Rs.73,375.
Pros:
- As an AMC Distributor, Bajaj FinServ boasts an extensive agent network of over 1000 distributors, showing the broker’s legitimacy.
- Distributors can make 1% to 2% of Assets Under Management (AUM), offering attractive monthly profits.
- Bajaj FinServ offers robust support for its distributors, helping them stay well-informed.
- The distributorship fees are reasonable at Rs. 1 lakh, making it relatively affordable for aspiring MF agents.
- The breakeven time is 2 to 3 months, and the payout time is 30 days.
Cons:
- While the company supports Relationship Managers (RM), it comes at a cost.
- Distributors must consider the initial investment of Rs. 1 lakh and monthly expenses ranging from Rs. 30,000 to Rs. 60,000.
- The required area to set up an office is 250 to 300 square feet, with added terms and conditions.
Prudent – Top MF Sub Distributorship Platform
Pruden Mutual Fund is a prominent mutual fund distributor establishing itself in this crowded market with a vast network of more than 1,000 agents.
And indeed, it is worthy of MF Sub Distributorship Platform Comparison because the company’s launch year was 2000.
The broker offers a lucrative opportunity for investors with an investment range of Rs.25,000 –Rs.55,000.
A competitive commission rate allows distributors to earn an average monthly profit of Rs.63,416 and achieve breakeven in just 1–2 months.
Payouts are made within 30 days, ensuring swift returns.
Pros:
- Distributors can rake in great profits with attractive commission rates.
- The vast distribution network guarantees access to a broad clientele, increasing earning potential.
- Within a short time, distributors can cover their initial investments and start making profits.
- The 30-day payout period ensures a timely and consistent flow of earnings.
- The dealer terminal and telecommunications setup aid in streamlined operations.
Cons:
- The required investment range might be a hurdle for some aspiring distributors.
- With an extensive distribution network, the competition among distributors could be intense.
- However, their commission rate of 0.6% to 1.2% of AUM is likely a bad offer.
Funds India – Best Mutual Fund Agency
Funds India Mutual Fund Distributor is an exceptional platform, or you can say the best Mutual Fund agency platform.
With just 150+ agents in its distribution network, the Private firm may be willing to do more for its new members.
Founded in 2009, Funds India also offers a lucrative opportunity for sub-distribution.
With a reasonable commission ranging from 0.6% to 1.2% of AUM, most agents are making an average monthly Profit of Rs.63,224. This makes it an attractive venture.
Pros:
- Firstly, a 150+ small distributor network is a plus, giving you more space.
- The entry cost of Rs. 5,000 makes it affordable for aspiring distributors.
- Profits can be realised quickly with a 1–2 months breakeven period.
- Besides, you can earn a commission of 0.6% to 1.2% of AUM, ensuring substantial income.
- Being associated with Funds India gives the broker credibility and honesty.
Cons:
- There is no upfront commission for acquiring new clients, which might be a drawback for some distributors.
- Certain essentials, like a Dealer terminal, are optional, potentially limiting efficiency.
- Though manageable, the monthly expenses of up to Rs. 40,000 could burden some distributors.
SBI AMC – Top Mutual Fund Advisory Network in India
SBI Mutual Fund is among the Top Mutual Fund Agent networks in India. It boasts an extensive network of 2500+ top agents.
Offering a unique blend of professionalism and friendliness, they excel at simplifying financial jargon.
With a breakeven time of 2-3 months, it’s no wonder SBI MF distributors enjoy a lucrative 1-2% commission on AUM, reaping an average monthly profit of Rs. 69,531.
However, the initial investment of Rs. 1 lakh and mandatory office expenses of Rs. 45,000–60,000 can be daunting for newcomers.
Overall, SBI MF Distributors thrive as reliable guides in India’s mutual fund realm.
Pros:
- With over 2500 top agents, SBI Mutual Fund Distributors have a vast reach across India, making them accessible to a broad customer base.
- Distributors enjoy a competitive commission of 1–2% on AUM, providing the potential for significant earnings.
- The attractive average monthly profit of Rs. 69,531 showcases the potential for a successful and financially rewarding venture.
- SBI Mutual Fund is a well-established and reputable brand in the financial industry, instilling confidence and trust among investors.
- SBI MF Distributors offer expert advice and guidance, simplifying complex financial concepts and providing valuable insights to clients.
Cons:
- The one-time distributorship fee of Rs. 1 lakh and monthly office expenses of Rs. 45,000–60,000 can be a financial burden, mainly for new distributors.
- Unlike other distributors, SBI MF does not support client acquisition, leaving it up to the distributor to build their customer base.
- The requirement for office space, mandatory telephones, and at least two employees can add to the operational costs and may require careful budgeting.
Best Mutual Fund Distributor in India – Conclusion
We’ve hunted down the top 10 mutual fund seller platforms of 2024, each exuding rich status and a customer-first approach.
A vast agent network like that of HDFC, Bajaj, and Motilal Oswal sets them apart from others in the industry. Need a budget-friendly start? Karvy, Prudent, and Funds India have got your back!
These MF gurus offer commissions ranging from 0.6% to 1.2% of AUM, while Motilal Oswal and IIFL promise top-notch investment potential and ARN support.
Still, the ultimate choice is yours to find and join the best mutual fund distributor network.
FAQs on Best MF Distributors or Sellers
Here is the list of FAQs related to the best mutual fund distributorship:
Which is the Best Company for a mutual fund distributor?
Motilal Oswal Mutual Fund Distributor shines as one of the top-rated choices in the MF world for MF distributors, boasting a vast network and a trusted reputation.
Which Mutual Fund Advisor gives the highest commission?
SBI Mutual Fund Distributor showers its agents with one of the highest commissions, ranging from 1% to 2% of AUM, making it a lucrative choice.
Who is the No. 1 MF Distributor in India?
If you see list of Mutual Fund Distributors. All these are some of the best in the industry. HDFC AMC, Motilal Oswal, IIFL, Sharekhan, NJ, Bajaj Finserv, these are some of the top mf distributors
How much do Mutual Fund Agents earn?
With commissions ranging from 0.6% to 2% of AUM, Mutual Fund Agents can earn a handsome income while shaping their financial destiny.
Is it reasonable to be a Mutual Fund Seller?
Being a Mutual Fund Seller opens doors to prosperity and success but demands dedication and a passion for helping investors thrive.
Which is the Best App for the MFD Network?
In the digital realm, numerous apps can help you connect as an aspiring MF distributor to a thriving MF network. You can take HDFC MF, or Motilal Oswal, as an example.
How do I choose a Mutual Fund Agency?
When choosing a MFD Platform, first consider its sparkling reputation. Later, you can look at the commissions, robust support, and diverse funds available to investors.
How to Become a Successful MF Distributor?
Firstly, forge the path to success by joining a reliable MF distributor network. Later, you must start providing top-notch service and staying ahead of market insights and trends.
What is the cost of becoming a Mutual Fund Advisor?
To embark on the MF Advisor journey, expect a one-time fee and modest office expenses. However, this cost may vary from one broker to another.
What Monthly Expenses are required to act as an MF Advisor?
For aspiring MF Advisors, monthly expenses range from Rs.30,000 to Rs.60,000. As a result, this may make it difficult to pave the way to a prosperous financial future.