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In line with banks and NDs, individual MFDs too have built big SIP books with thousands of SIP accounts and monthly inflows amounting to crores of rupees.
MFDex CAMS data shows that Kota MFD Pankaj Ladha has the biggest SIP book among individual ARN holders. The MFD has over 11,000 SIPs and brings in monthly SIP inflows of over Rs. 5 crore for the mutual fund industry.
Mumbai MFD Nayan Balmukund Saraiya and Siliguri MFD Probin Agarwalla are the other two in the top 3. Their SIP books have over 5,000 accounts.
There are seven individual MFDs who have SIP AUM of over Rs. 100 crore. Pune MFD Dhananjay Manohar Kale leads individual MFDs on the SIP AUM front with an AUM of Rs. 187 crore. Probin Agarwalla has the second highest SIP AUM at Rs. 149 crore followed by Prasad R Sangam who has an SIP AUM of Rs. 139 crore.
Overall, the top 20 individual SIP distributors together brought in an inflow of Rs. 33 crore in April.
Please note that the MFDex report is released by CAMS and tracks only 92% of the industry. The actual SIP book of these distributors are likely to be larger.
Here’s the list of individual MFDs who have the biggest SIP books (ranked on the basis of SIP amount):
Distributor | SIP accounts | Live SIP Amount (in crore) | SIP AUM (in crore) |
Pankaj Ladha | 11,161 | 5.24 | 94 |
Nayan Balmukund Saraiya | 5,424 | 3.13 | 122 |
Probin Agarwalla | 5,124 | 2.50 | 149 |
Prasad R Sangam | 3,092 | 1.96 | 139 |
Varughese Mathai.K | 3,137 | 1.93 | 106 |
Ganesh Shridhar Shanbhag | 2,937 | 1.93 | 440 |
Ravi Keshavlal Kalariya | 4,003 | 1.85 | 116 |
Pranjal Apoorva Wagh | 2,819 | 1.61 | 74 |
Thakker Nikhil Vasudev | 4,344 | 1.54 | 102 |
Dhananjay Manohar Kale | 3,109 | 1.49 | 187 |
Meenakshi Rajesh Sikchi* | 4,847 | 1.46 | 49 |
Mahesh Gokuldas Gattani* | 3,204 | 1.42 | 41 |
Nikul C Parmar | 4,125 | 1.37 | 56 |
Rajesh Bhardwaj | 4,870 | 1.37 | 65 |
Karan Agarwal | 2,998 | 1.36 | 88 |
Abhijit Shivanand Sawant | 3,864 | 1.16 | 99 |
Nigamananda Sahoo | 3,327 | 1.15 | 49 |
Hari Ghanashyam Kamat | 2,944 | 1.13 | 160 |
Sandeep Gupta | 3,588 | 1.12 | 74 |
Raj Tapan | 5,073 | 1.12 | 69 |
We have considered only those MFDs who have an individual ARN (Non-corporate) | *Their SIP figures have been updated to the actual numbers sent by them
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