AssetPlus Secures ₹175 Crore Funding to Boost Assisted Wealth Management, Expand Distributor Base
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CNBC TV18•28-01-2026, 21:35
AssetPlus Secures ₹175 Crore Funding to Boost Assisted Wealth Management, Expand Distributor Base
- •AssetPlus raised ₹175 crore in funding led by Nexus Venture Partners to expand its assisted wealth management platform.
- •The company aims to significantly grow India's mutual fund distributor (MFD) community, targeting one lakh distributors in five years from the current 18,000.
- •Funds will be used to enhance technology, deepen the distributor ecosystem, and broaden product offerings beyond mutual funds to include insurance, global investing, and PMS.
- •AssetPlus Academy will train and onboard new distributors to bridge the gap in India's investing ambitions, requiring 9-10 lakh distributors by 2047.
- •The platform manages over ₹7,250 crore in AUM with a ₹125 crore monthly SIP book and expects to achieve profitability within 18-24 months.
Why It Matters: AssetPlus secured ₹175 crore to scale its assisted wealth management, expand its distributor network, and diversify product offerings.
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