As financial literacy rises in India, people are becoming more aware of mutual funds. There has been a record-breaking growth in the mutual fund sector in recent years.
In March 2024, systematic investment plans (SIPs) received about Rs 19,300 crore in monthly net inflows, according to AMFI data.
This shows the growing demand for mutual fund distributors. For most large fund houses, commissions paid to mutual fund distributors (MFDs) increased by more than 20% in 2023–24 (FY24).
Growing market reach, boosting investor engagement, obtaining regulatory approval, and advancing technology are some reasons for better future prospects.