Prudent becomes 5th largest MF distributor in India

9 Sep 2022 , 01:34 AM

Based on the latest data published by the Association of Mutual Funds in India AMFI Prudent Corporate Advisory Services Prudent announces that it has become the 5th largest Mutual Fund Distributor based on commissions earned during FY2022 It is also now the 2nd largest non-banking mutual fund distributor based on commissions earned overtaking established legacy players Prudents AUM grew at 41Percentage CAGR in the FY2017-22 period versus the industry CAGR of 145Percentage for the same period Backed by a stupendous growth in AUM commissions grew at the fastest pace pipping the growth rate of the top 4 players Commission income at Rs 4409 crore by the end of FY022 has increased by 35Percentage CAGR during FY2017-22 period versus an industry growth rate of 16Percentage Prudents market share of the industrys commission income has increased from 198Percentage in FY2017 to 423Percentage in FY2022