In this article, you will learn everything about Best Mutual Fund Distributor in India.
The mutual fund industry is booming in India. As per the latest AFMI report, the total assets under management of the mutual fund industry stood at Rs.40.05 trillion in FY 2022-23.
The industry has grown 7% in this financial year and five-fold in the past ten years. So, if you are looking for the Best Mutual Fund Distributor Network, you are at the right place.
In this article, we will discuss the top 10 MF Distributor Platforms in India, which you can choose to become a mutual fund distributor and participate in this booming industry.
List of Top 10 Mutual Fund Advisor Programs of 2025
Check out the list of Best Mutual Fund Distribution Networks in India.
Before choosing the MF Distributorship Platform, let’s understand how mutual fund distributors work.
So, mutual fund distributors are individuals or business firms facilitating the purchasing and selling of mutual fund units.
Mutual fund distributors bring investors to mutual fund houses and earn commissions on the investors’ scheme purchases.
As the above table shows, the Best Mutual Fund Agent Network includes NJ Mutual Fund Distributor, Bajaj Finserv MF Distributor, Groww Mutual Fund Distributor, and others.
We have picked these MF distributors based on the investment requirements, commission shared by the fund house, number of distributors, and other similar factors.
NJ India – Best Mutual Fund Distributor Network in India
NJ Mutual Funds has had a broad presence in the mutual fund industry since 1994. Neeraj Choksi & Mr. Jignesh Desai started this Best Mutual Fund Distributor Network in India, a public organization.
The network of distributors of NJ Wealth is one of the farthest-reaching, with more than five thousand distributors.
NJ India offers mutual fund distributorship across all the cities in the country, so your place of residence doesn’t impact whether you become a distributor of NJ Mutual Fund.
The investments you would require to buy NJ Mutual Funds’ distributorship rights include Rs.1 lakh in distributorship fees and Rs.40,000 to Rs.50,000 in infrastructure to run the business.
NJ offers distributorship for this fee for two years, and then you have to renew it. NJ Mutual Fund distributors earn a commission of around 3% to 4% of the AUM they get for the brand.
The average profit margin that the distributors of NJ Mutual Funds generate is around 69%, which started within 3-4 months of starting the business.
NJ Distributors receive support such as RM, back-office, advisory, business management, and more.
Bajaj Finserv – Best MFD Platform in India
Bajaj Finserv is among the Top MF Distributor Platform for all the right reasons. This fund house, which has its headquarters in Pune, was started by Jamnalal Bajaj in 2007. At present, it has around 1,000 distributors in the country.
Bajaj Finserv offers a two-year MF distributorship for Rs. 1 lakh, for which it charges a distributorship fee.
Apart from this fee, the investment in infrastructure varies as per the infrastructure requirements you want for your business.
Bajaj Finserv’s distributors receive a share of three to four percent of the AUM that their clients invest with Bajaj Finserv.
The profit margin you can earn as a Bajaj Finserv mutual fund distributor is around 50%, and the rolling starts within 3-4 months of operations.
As a Bajaj Finserv MF distributor, you must set up at least a 250-300 square feet office premise.
You need a research and advisory desk, telephones, an internet facility, and ACs are compulsory amenities. You must also have at least 2-3 employees in the office.
Talking about support and training offered to the distributors includes client interaction training, back office and RM support, mutual fund investment and advisory support, and marketing support.
Groww – Mutual Fund Distributor Network
Groww is a new-gen Mutual Fund Distributor Network in India. It is a tech-first mutual fund distributorship network where you can enroll as a company partner.
They started in 2016 and already have over a hundred franchisees under them. Groww offers a lifetime distributorship for a fee of zero.
You do not have to invest in infrastructure if you want to keep it entirely tech-based. Thus, the initial investment is nil, which can be a boon for first-time MF distributors.
Groww MF distributors earn around 20% to 30% of the total funds invested by their clients with Groww.
This, in turn, helps them generate a profit of around 24% after deducting certain miscellaneous expenses and fixed costs like salary and rent, if any.
Groww offers additional support to its distributors, including back-office support, marketing support, client interaction training, service pricing, and other training to equip the distributors with the required knowledge of the products.
Prudent – Best Mutual Fund Advisory Platform in India
Prudent has recently emerged as another Best Mutual Fund Advisory Platform in India.
It has a presence in pan India regarding mutual fund distribution networks with more than a thousand distributors.
Prudent Mutual Fund Distributorship can be obtained for two years for a fee of Rs.5,000, one of the industry’s minimal fees.
However, the infrastructure cost varies between Rs.20,000 and Rs.50,000, depending on your office’s premise setup.
Your office must be 150-200 square feet and have an internet facility, telephones, and CCTVs. The research desk and advisory services are optional.
As a Prudent distributor, you will receive a commission between 2% and 3% for your distributorship services.
This commission usually helps you earn a profit margin of around 55% in a month, provided you have a good clientele.
Prudent offers different training to its MF distributors, such as service, product information, and client interaction training.
Then, there is back office support, RM support, advisory and investment support, and more.
Paytm Money – Top Mutual Fund Distributor Networks of 2025
Paytm Money has been known for disrupting the entire financial ecosystem with its new-age technology-based offering in finance.
Mutual fund distributorship is something they entered into in 2020 and has already become one of the Top Mutual Fund Distributor Networks of 2025.
More than hundreds of distributors are in the Paytm Money network in just two years and a few months.
Paytm Money offers a simple partner’s business model under which you can sell mutual funds.
There are no partner franchise fees for this, and the work can be done from anywhere, so you would also require no office premises.
Mutual fund distributorship with Paytm Money can be started with little or no investment. For the revenue your clients generate from purchasing mutual funds, you will get 30%-40% of the same.
Given this investment and payment set-up, it takes only about a month for the business to generate positive revenue.
Regarding the profit margin, Paytm Money MF distributors usually make around 43% of the entire process.
Paytm Money offers client interaction training, product training, and marketing support to mutual fund distributors that are under its radar.
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ET Money – Top 10 Mutual Fund Advisor Programs in India
ET Money is the online platform for mutual fund investments and other investment vehicles provided by Time Group.
This Brand is one of the Top 10 Mutual Funds Advisor Programs in India because of the ease of investment it offers and, thus, one of the favorites of the MF distributors as well.
ET Money was started in 2015, and its network currently includes around 400 distributors.
It offers a two-year distributorship arrangement with no distributorship fee, which you can renew every two years if you want to.
The only investment you need to make is in building the infrastructure of the office premises. However, you can also do it without setting up an office, as remote facilities exist.
The ET Money MF distributors earn 2% to 3% of the total AUM invested by the investors in their clientele, leaving them with a profit margin of around 57%.
The time distributors usually take to generate a return on their investment is two to three months.
ET Money offers the best support to distributors, including multiple offers, RM support, client interaction training, back office support, investment and advisory support, and marketing support.
It also provides business management software to track all the earnings and client details.
Funds India – Top Mutual Fund Agents Network in India
In this List of Mutual Funds Agent Networks, we also have Funds India, which offers mutual fund distributorship for a very reasonable fee.
This mutual fund distributorship business was started in 2009 by CR Chandrasekar & Srikanth Meenakshi and has now grown to a network of more than 150 mutual fund distributors.
For a distributorship fee of Rs.5,000, Funds India offers a two-year distributorship agreement that is renewable after the tenure is completed.
The infrastructure requirements you will have may cost you anything up to Rs.40,000 on average.
However, if you are going for entirely online services, you may not have to invest in infrastructure either, which can also save you this cost.
The earning potential as a Funds India distributor ranges from 2% to 3%, which usually helps the distributor generate a profit of around 57%. The returns start within two to three months, usually if you have a good client base.
Funds India is one of the distributors’ favorites when it comes to supporting and training facilities. They offer client interaction training, service training, and product information training.
Funds India provides training and support for the back office, investment and advisory, marketing, and relationship managers.
Kuvera – Best MF Sub Distributorship Platform
Kuvera Mutual Fund Distributorship business was started just seven years back in 2016. In just these few years, it has become a two hundred distributors’ network and thus a part of this MF Sub Distributorship Platform Comparison.
The company offers a two-year distributorship for zero fees, which is the company’s UPS. Regarding the infrastructure requirements, whether you want to operate from an office premises or remotely, the choice is yours.
If you choose to work from the office premises, setting it up may cost you around Rs.50,000, depending on the amenities you offer.
Kuvera offers a commission of 2% to 3% of the total asset under management from the clients you provide to the company.
The distributors under Kuvera’s network usually generate around 57% profit from this commission. Earning a profit takes two to three months, which is understandable.
Moreover, if you do not invest in infrastructure, you can start generating returns earlier. This is because your investment itself will be negligible.
Kuvera also offers all kinds of support, from marketing support to relationship manager support to mutual fund advisory and everything else.
Geojit – Best Mutual Fund Agency in India
Geojit is regarded as one of the Best Mutual Funds Agencies for its wide experience and long presence in the market. Its presence can be traced back to 2000, and it has over 1500 distributors across the country.
While it doesn’t offer any mutual fund distributorship separately but is along with a sub-brokers or partners model.
When you opt for these business models to purchase Geojit’s franchise rights, you can also sell the mutual funds to your clients.
Under the sub-brokers model, you will earn around 50% to 60% of the total commission; under the partners model, it is about 20%.
This helps you generate around 38% and 31% profit margins under the two models. Geojit’s franchise fee is Rs.50,000, while the infrastructure costs around Rs.40,000.
However, the sub-brokers and partners usually start making profits within two months of starting the franchise business.
For a Geojit MF distributorship, you need to have an office of at least 100-300 square feet where you employ at least two employees.
Your research and advisory desk must always be functional, and other amenities like ACs, CCTVs, the internet, and others must work properly.
Geojit offers all types of training to distributors, including service and product training. In addition, advisory support, marketing support, RM and back office support, and others are also provided.
Motilal Oswal – Top Mutual Fund Agent Networks
Motilal Oswal is a brand in the financial industry and one of India’s top mutual fund agent networks. It has a network of over 3000 mutual fund distributors in the country.
Motilal Oswal is currently offering mutual fund distributorship for two years for a fee of Rs.75,000. Its infrastructure requirements can cost you another Rs.40,000 to Rs.50,000.
Motilal Oswal is one of the few companies offering distributors a commission of 3-4% of AUM.
Profits can be earned as early as the third or fourth month of the business. Motilal Oswal MF Distributors’ profit margin is also higher than its peers’.
Motilal Oswal’s support services are top-notch, without a doubt. They include client interaction training, RM support, mutual fund investments and advisory support, back office support, and much more.
Best Mutual Fund Distributor in India – Conclusion
So, if you are looking for the Best Mutual Fund Distributor Network, you can review the ten mentioned above and find the one that best suits your purpose.
Choosing the right mutual fund distributorship is crucial for setting up and running a successful MF distribution business in India.
FAQs on Top Mutual Fund Distributors in India
Find out various FAQs on the Best Mutual Fund Distributorship Companies in India.
Which is the Best Company for Mutual Fund Distributor?
NJ Mutual Funds and Motilal Oswal can be regarded as the best mutual fund distributor companies. They have the required experience and offer the best commission in the industry.
Which Mutual Fund Advisor gives the highest commission?
NJ Mutual Fund and Motilal Oswal offer around 3%-4% of the AUM, which is the highest in the industry.
Who is the Best MFD in India?
If you go by the number of distributors under the network, NJ Mutual Funds is India’s Best MFD Platform.
How much do Mutual Fund Agents earn?
You can earn around 55% to 70% profit as a Mutual Fund agent in India.
Is it reasonable to become an MFD in Inda?
Becoming an MFD in India can be one of the best ways to work as a professional in the mutual fund industry, where you can earn on your terms.
Which is the Best App for MF Distributors Network?
ET Money is considered one of the best apps for MF distributors’ networks.
How to Choose a Mutual Fund Agency?
To pick the right company for MF distribution, you have to consider the company’s background, the commission it offers, the investment you need to make, and the ROI timing.
How to Become a Successful MF Distributor?
It would be best if you were updated about the market so that you could advise your clients on the proper funds. If your clients are happy, you can quickly grow as an MF distributor.
What is the cost of becoming a Mutual Fund Advisor?
The cost depends on the company you choose to join as an MF Distributor. It can be nil if you choose a company with no fees or infrastructure requirements, or it can go up to Rs.1 lakh to Rs.2 lakhs at a maximum.
What are the Monthly Expenses required to act as MF Advisor?
The monthly expense also depends on how many employees you keep in your office and the amenities you provide.
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