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    HomeNewsBusinessPersonal FinanceBank-backed AMCs top commission payments to distributors in FY24

    Bank-backed AMCs top commission payments to distributors in FY24

    Partnering with banks is an easier and more effective way for MF houses to extend their reach across India. Banks, especially public sector banks (PSBs), have a wider penetration into B-30 cities, a major contributor of new investors in the MF industry.

    Abhinav Kaul
    September 06, 2024 / 13:07 IST
    NJ India Invest continued to be the largest MFD in India (in terms of commission income) for the ninth straight financial year.
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