MF distribution industry moving towards consolidation: Misbah Baxamusa

In today's dynamic, tech-driven environment, smaller distributors need robust digital infrastructure and operational support to stay competitive, says Baxamusa

Misbah Baxamusa, chief executive officer at NJ Wealth — one of India’s largest mutual fund (MF) distributors, with assets under management (AUM) of over ₹2.5 trillion — tells Puneet Wadhwa in an email interview that they’re seeing growing interest from salaried individuals, small business owners, and first-generation earners in Tier-II and Tier-III cities, who are aspirational and open to exploring investment avenues. Edited excerpts: 

How would you describe the current landscape of MF distribution (MFD) in India?

 

The MFD landscape in India is undergoing a major transformation. While fragmentation remains common — especially among smaller independent distributors — the industry