Prudent Corporate Advisory Services (Prudent) has become fifth largest mutual fund distributor based on commissions earned during FY2022. It is also now the second largest non-banking mutual fund distributor (based on commissions earned), overtaking established legacy players.
The company’s assets under management (AUM) grew at 41% CAGR in the FY2017-22 period versus the industry CAGR of 14.5% for the same period. Backed by a stupendous growth in AUM, commissions grew at the fastest pace, pipping the growth rate of the top 4 players. Commission income at Rs 440.90 crore by the end of FY022, has increased by 35% CAGR during FY2017-22 period versus an industry growth rate of 16%. The company’s market share of the industry’s commission income has increased from 1.98% in FY2017 to 4.23% in FY2022.
Prudent Corporate Advisory Services provides retail wealth management services.
Company Name | CMP |
---|---|
Max Financial | 1015.35 |
Delphi World Money | 230.00 |
SBFC Finance | 91.00 |
Anand Rathi Wealth | 3940.10 |
Prudent Corporate | 1499.40 |
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