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Non-bank distributors widen lead in MF commissions
Business Standard
|September 09, 2025
Institutional and individual distributors are steadily capturing a larger share of mutual fund (MF) commissions at the expense of banks, as the distributor base continues to expand.
An analysis of MF commission data by Kotak Institutional Equities shows that non-bank distributors accounted for 75 per cent of total commission payouts in 2024-25 (FY25), up from 65 per cent in FY18.
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