Sub Broker vs Mutual Fund Distributor: Difference (2026)
A mutual fund distributor is the entity (individual or firm) registered with AMFI/SEBI that distributes mutual funds; they have an ARN. A sub broker typically works under a distributor (BGA) and uses the distributor’s platform to onboard clients and earn commission/trail. Both need ARN to distribute; sub brokers tie up with a BGA or platform like RevenUmf for 0 setup cost and earn from day 1.
Key differences
| Distributor | Sub broker | |
|---|---|---|
| Role | Direct registration with AMFI | Works under a BGA/distributor |
| Platform | Own or partner | Uses BGA/platform (e.g. RevenUmf) |
| ARN | Required | Required |
Frequently Asked Questions
Is sub broker same as distributor? Sub broker works under a distributor; both need ARN. Partner with RevenUmf for 0 setup cost.
Start your mutual fund distribution with 0 setup cost and earn from day 1. Partner with RevenUmf