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Increase in distributors' commission due to increase in assets of equity funds

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Increase in distributors' commission due to increase in assets of equity funds

Even as commission-free direct plans for investing in mutual funds gain momentum, the distribution business continues its growth path. Nearly 2,500 large mutual fund distributors earned Rs 14,850 crore as commission in the financial year 2023-24 and most of the large distributors saw a sharp increase in their income (…).

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