Updated Mar 16, 2021 | 18:12 IST
The Indian MF industry could be worth Rs 100 lakh crore in the next decade. However, currently, there is just 1 distributor for every 17,000 people, indicating a massive growth opportunity for insurance agents Top fund houses, NSE to add 50,000 new mutual fund distributors over next 3 years | Photo Credit: Thinkstock
India’s top Asset Management Companies (AMCs) along with NSE and CIEL joined hands to build 50,000 new to industry Mutual Fund Distributors over the next three years.
This is being done under the aegis of ExpertMFD, a first pan-India collaborative initiative comprising of top AMCs who manage over two-third of the total AUM in the mutual fund industry. These include marquee names like Aditya Birla Sun Life Mutual Fund, Axis MF, ICICI Prudential MF, L&T MF, Nippon India MF, SBI Mutual Fund and Sundaram MF who have joined hands with NSE (National Stock Exchange) and CIEL (Centre for Investment E
AMCs target to add 50,000 new MF distributors in next 3 years
March 16, 2021
Seven MFs, NSE, CIEL join hands for education platform The top seven Asset Management Companies, the NSE and Centre for Investment Education and Learning have joined hands to add 50,000 new mutual fund distributors over the next three years.
The initiative will be carried out through ExpertMFD, a first of its kind move by seven mutual funds including Aditya Birla Sun Life Mutual Fund, Axis MF, ICICI Prudential MF, L&T MF, Nippon India MF, SBI MF and Sundaram MF, which manage over two-third of total mutual fund industry AUM.
This is being done under the aegis of ExpertMFD,a first pan-India collaborative initiative comprising of top AMCs who manage over 2/3rd of total AUM in Mutual Fund Industry. The
Top AMCs join hands with NSE & CIEL to create 50,000 New Mutual Fund Distributors in next 3 year moneylife.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneylife.in Daily Mail and Mail on Sunday newspapers.