 "mutual funds, commission, investors, investments")
Mutual fund (MF) distributors received Rs 6,617 crore in commissions from the asset management industry in financial year 2020-21 (FY21), 7.6 per cent up compared to the preceding year.
The data from Association of Mutual Funds in India (Amfi) shows NJ India Invest maintained top spot, with gross distribution commission of Rs 874 crore, 12.5 per cent more than Rs 777 crore pocketed in FY20. State Bank of India (SBI) took the second spot, followed by Axis Bank and HDFC Bank. The top 10 got gross commissions of Rs 3,233 crore in FY21, which accounted for over 48 per cent of
