Nearly one-tenth of top mutual fund assets come from related distributors

Associated distributors have proved stickier during recent troubled times for MFs

Associate distributors have provided stickier assets to some of India’s largest fund houses, even as troubles in debt schemes have prompted withdrawals that have led to erosion in the amount of money they manage.

The share of such distributors has risen since the outbreak in March. It continued to hold even after the panic withdrawals prompted by Franklin Templeton’s wind-up move, according to data from the Association of Mutual Funds in India (Amfi).

As regards the five largest asset managers, the share of such distributors stood at 9.2 per cent as of end-2019. It rose to 9.5 per cent in March, when