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ICICI Direct's IPO Report
Anand Rathi Wealth Ltd. is one of the leading non-bank wealth solutions firms in India and has been ranked amongst the top-three non-bank mutual fund distributors in India by gross commission earned in FY19, FY20 and FY21. It was incorporated on March 22, 1995.
Anand Rathi Wealth acts as a mutual fund distributor, registered with Association of Mutual Funds in India. It distributes mutual fund schemes managed by asset management companies and earns distribution commissions on a trail basis from AMCs.
They are currently present across 11 cities in India like Mumbai, Bengaluru, Delhi, Hyderabad, Kolkata, Chennai, Pune, Chandigarh, Jodhpur, Noida,etc and compete with bank and non-bank wealth management distributors.
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