https://v2.webnotes.in/tags/bank-led-mf/Recent content in Bank-Led-Mf on WebNotesHugoen-INTue, 19 May 2026 00:00:00 +0000https://v2.webnotes.in/bank-led-mf-distribution/Tue, 19 May 2026 00:00:00 +0000https://v2.webnotes.in/bank-led-mf-distribution/<p><strong>Bank-led distribution</strong> accounts for approximately <strong>25 to 30% of Indian mutual fund distribution by AUM</strong>, leveraging banks&rsquo; large retail-customer bases. Major Indian banks (HDFC Bank, ICICI Bank, SBI, Axis Bank, Kotak Mahindra Bank) distribute mutual fund schemes from their parent AMCs as well as other AMCs (per <a href="https://v2.webnotes.in/open-architecture-distribution/">open architecture distribution</a> ).</p> <h2 id="framework">Framework</h2> <h3 id="distribution-model">Distribution model</h3> <ul> <li>Bank acquires customers&rsquo; financial profile.</li> <li>Bank-employed Relationship Managers (RMs) recommend mutual fund schemes.</li> <li>Investors subscribe via bank channel.</li> <li>Bank earns trail commission from AMCs.</li> </ul> <h3 id="leading-bank-distributors">Leading bank distributors</h3> <table> <thead> <tr> <th>Bank</th> <th>Parent AMC</th> <th>Distribution capability</th> </tr> </thead> <tbody> <tr> <td>HDFC Bank</td> <td>HDFC AMC</td> <td>Tier-1</td> </tr> <tr> <td>ICICI Bank</td> <td>ICICI Prudential AMC</td> <td>Tier-1</td> </tr> <tr> <td>State Bank of India</td> <td>SBI Mutual Fund</td> <td>Tier-1</td> </tr> <tr> <td>Axis Bank</td> <td>Axis MF</td> <td>Tier-1</td> </tr> <tr> <td>Kotak Mahindra Bank</td> <td>Kotak Mahindra MF</td> <td>Tier-1</td> </tr> </tbody> </table> <p>Each bank operates with the parent AMC plus open-architecture distribution of other AMCs&rsquo; schemes.</p>