Among the top 15 distributors, NJ India Invest topped with 1,298 crore 12% share of total industry commission. Following that, SBI and HDFC acquired 735 crore and 581 crore gross commissions respectively.
Axis Bank and Prudent corporate advisory services raised 5% and 4% share with 538 and 441 crores respectively. Following that, ICICI bank and Kotak Mahindra with Anand Rathi Wealth Limited ranked higher in the Bank’s list.
SBI gained the assets, mostly with an average Rs 1.2 trillion (of AUM) in FY22. It is considered 28% higher than its average AUM , which is Rs 97,000 crore. NJ India earned Rs. 1.09 trillion, while HDFC 84,454 crore.
Overall, it is clear that almost 1,544 distributors earned up to Rs. 10,420 crore in FY22 by gross commissions.