Mutual fund distribution in India

Tue, 12 May 2026 00:00:00 +0000

Mutual fund distribution in India encompasses the regulatory framework, intermediary categories, technology platforms, and transaction infrastructure through which investors purchase, redeem, and switch units of mutual fund schemes offered by asset management companies (AMCs) registered with the Securities and Exchange Board of India (SEBI) . The distribution ecosystem is governed by SEBI’s Mutual Fund Regulations 1996 , AMFI (Association of Mutual Funds in India) guidelines, and the SEBI Investment Adviser Regulations 2013, with further architecture defined by SEBI’s Execution-Only Platform (EOP) framework of 2023. As of 2025, the industry distributed assets under management (AUM) of approximately Rs. 65 trillion across more than 15 crore unique investor folios.

Mutual fund distributor (intermediary role)

Tue, 12 May 2026 00:00:00 +0000

A mutual fund distributor (MFD) in India is an individual or entity registered with the Association of Mutual Funds in India (AMFI) under the AMFI Registration Number (ARN) system, authorised to distribute mutual fund schemes to investors and receive trail commissions from asset management companies (AMCs). MFDs are the primary channel through which the majority of Indian mutual fund assets under management (AUM) is held, serving retail investors, HNIs, and corporate clients through regular-plan schemes across equity, debt, hybrid, and passive fund categories.

MFD on WebNotes

Mutual fund distribution in India

Mutual fund distributor (intermediary role)