Top 10 SEBI-Registered Mutual Fund Distributors in India You Can Trust
Below is a list of the top 10 SEBI-registered mutual fund distributors in India you can trust, along with an overview of how mutual fund distribution works and how to get registered.

Investing in mutual funds has become one of the most popular ways to grow wealth in India. But choosing the right mutual fund distributor is crucial for a safe and guided investment journey. Below is a list of the top 10 SEBI-registered mutual fund distributors in India you can trust, along with an overview of how mutual fund distribution works and how to get registered.

Understanding the Distribution of Mutual Funds in India

The distribution of mutual funds in India refers to the process of offering mutual fund schemes to investors through authorized intermediaries. These intermediaries, known as mutual fund distributors (MFDs), help investors make informed choices, handle documentation, and offer after-sales support.

Mutual fund distributors must be registered with the Securities and Exchange Board of India (SEBI) and hold an ARN (AMFI Registration Number) issued by AMFI (Association of Mutual Funds in India).

Top 10 SEBI-Registered Mutual Fund Distributors in India

1. NJ India Invest

One of India’s largest mutual fund distributors, NJ India offers a wide network of financial advisors and a strong digital platform.

2. ICICI Direct

Backed by ICICI Securities, it provides a user-friendly portal for mutual fund investments, SIPs, and financial planning.

3. HDFC Securities

A trusted name offering a wide range of mutual fund options, research tools, and financial advice under one platform.

4. Zerodha Coin

Zerodha Coin allows investors to buy direct mutual funds with zero commission through an intuitive online platform.

5. Groww

An emerging fintech platform with a mobile-first approach, Groww offers a seamless experience for mutual fund investors.

6. Upstox

Upstox not only offers stock trading but also facilitates direct mutual fund investments with useful insights and analytics.

7. Axis Direct

An extension of Axis Bank, this distributor offers tailored mutual fund portfolios and research-backed recommendations.

8. Paytm Money

With its reach and digital convenience, Paytm Money has become a preferred distributor among millennials and new investors.

9. FundsIndia

FundsIndia provides expert-curated investment plans, family accounts, and financial advisory services.

10. Scripbox

A goal-based mutual fund investment platform, Scripbox is known for its automated planning and transparent fee structure.

Why SEBI Registration Matters

Being SEBI-registered ensures that a mutual fund distributor adheres to all compliance and regulatory guidelines. This protects investors from fraud and guarantees professionalism in handling investment portfolios.

How to Become a Mutual Fund Distributor in India

Step 1: Get Certified by NISM

Clear the NISM-Series V-A: Mutual Fund Distributors Certification Examination, a mandatory requirement set by SEBI.

Step 2: Apply for ARN

After passing the NISM exam, apply for an ARN (AMFI Registration Number) from AMFI.

Step 3: Complete Mutual Fund Distributor Registration

Register with AMFI by submitting the application form, documents, and fees. This process completes your mutual fund distributor registration.

Step 4: Tie-up with AMCs

Enter distribution agreements with Asset Management Companies (AMCs) to sell their mutual fund schemes.

Conclusion

Choosing a reliable and SEBI-registered mutual fund distributor is key to ensuring a smooth and secure investment journey. Whether you are a new investor or planning to become a distributor yourself, understanding the distribution of mutual funds in India and following proper mutual fund distributor registration procedures is essential for long-term success.


disclaimer
Hello, I’m Shaan — a seasoned accountant with over 5 years of industry experience, currently contributing my expertise at Registrationkraft. If you’re looking to stay informed on finance and legal services, I encourage you to check out the insightful blogs available on our platform.

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