February 15, 2023
We are happy to present the performance of our Exchange Margin Funding (EMF) business with you. Twenty twenty-two was another good year for the EMF business. The assets under management (AUM) of the business grew by 73% year on year (YoY) in 2022. The credit for the excellent performance goes to our front-line staff and Business Partners, who raised awareness about the product among the clients and helped them achieve their financial goals using the EMF tool. The EMF team would like to thank each and every Sheru who contributed to the performance.
The performance of the EMF Business in 2022
| Channel | Average funding in CY2021 (Rs. cr) | Average funding in CY2022 (Rs. cr) | Growth (%) |
| Branches | 345.16 | 581.31 | 68.42 |
| Business Partners | 170.32 | 310.87 | 82.53 |
| Total | 515.47 | 892.18 | 73.08 |
Cluster-wise funding summary as of December 2022 vs the target for 2022
| Cluster Head/State Head | EMF targets for 2022 (Rs. cr) | Total EMF as on December 31, 2022 (Rs. cr) | Achievement (%) |
| Anahita Vora | 92.38 | 94.24 | 102% |
| Sujatha Raman | 65.38 | 53.52 | 82% |
| Channaraj | 88.03 | 71.43 | 81% |
| Mehul Koradia | 17.76 | 11.3 | 64% |
| Vivek Saraf | 87.29 | 53.12 | 61% |
| Nidhi Ambardar | 128.63 | 75.13 | 58% |
| Hemendra Agarwal | 139.19 | 80.15 | 58% |
| Prabeer Paichha | 42.67 | 24.48 | 57% |
| Rajiv Purohit | 50.11 | 27.27 | 54% |
| Ho CH | 3.67 | 1.97 | 54% |
| Pushpinder | 18.84 | 9.89 | 52% |
| Total (Service Branches) | 733.96 | 502.48 | 68% |
| Devang Kamdar (Sharekhan One Branches) | - | 221.9 | - |
| Business Partners | 487 | 352.38 | 72% |
| Grand Total | - | 1076.76 | - |
Cluster-wise average funding utilisation in 2022
| Cluster Head/Segment Head | Average funding used (Rs. cr) |
| Devangg Kamdar (Sharekhan One Mumbai) | 137.14 |
| Hemendra Agarwal | 77.49 |
| Channaraj | 76.55 |
| Anahita Vora | 58.84 |
| Nidhi Ambardar | 58.57 |
| Vivek Saraf | 49.52 |
| Sujatha Raman | 46.25 |
| Rajiv Purohit | 40.82 |
| Prabeer Kumar Paichha | 17.36 |
| Pushpinder Singh | 8.90 |
| Mehul Koradia | 8.09 |
| HO CH | 1.79 |
| Grand Total | 581.31 |
Top 10 branches in 2022 in terms of EMF AUM
| Sr. No. | Group Code | Group Name | Branch Manager | Cluster Head/Segment Head | Average funding in 2022 (Rs. cr.) |
| 1 | 1 | Sharekhan One Mumbai | Nilesh V/Piyush Shah | Devangg Kamdar | 136.88 |
| 2 | 6120 | Bangalore Advisory - Alpha Branch | Basappa | Channaraj | 26.96 |
| 3 | 6354 | Pune Online Advisory | Narendra Choudhary | Sujatha Raman | 19.93 |
| 4 | 338 | Indore Branch | Ravi Somani | Vivek Saraf | 18.22 |
| 5 | 60003 | Sharekhan One Banglore | Henadeep K S | Channaraj | 18.07 |
| 6 | 134 | Kolkatta Branch | Nilesh Shah | Vivek Saraf | 12.63 |
| 7 | 60004 | Sharekhan One Chennai | Mamatha B | Rajiv Purohit | 10.32 |
| 8 | 69 | Chennai Branch | Rajiv Purohit | Rajiv Purohit | 10.07 |
| 9 | 123 | Baroda Branch | Anish Vaidya | Anahita Vora | 9.6 |
| 10 | 115 | Delhi Branch | Janardhan Nautiyal | Hemendra Agarwal | 8.66 |
Business Partners delivered a robust performance in the EMF business in 2022
| Average EMF utilisation by BPs in 2022 (Rs. cr) | Average EMF utilisation by BPs in 2021 (Rs. cr) | Growth (YoY) |
| 310.87 | 170 | 82.86% |
Top 10 Business Partners of 2022 in terms of EMF AUM
| Sr. No. | Group Code | Group Name | Franchisee average funding (Rs. cr) |
| 1 | 3125 | Bhadra Services Pvt Ltd (PB) | 19.51 |
| 2 | 6089 | 15 Days Tech Solution (PB) | 18.72 |
| 3 | 2003 | Devadasu Puttagunta | 14.92 |
| 4 | 9732 | Sharewolves Private Limited (PB) | 11.64 |
| 5 | 6529 | Nirmaan Wealth (PB) | 9.85 |
| 6 | 342 | Sai Investments | 9.34 |
| 7 | 2337 | Tej Avnishbhai Vaishnav (PB) | 5.28 |
| 8 | 8026 | Swati Bishnoi (PB) | 4.77 |
| 9 | 8279 | J Chandrasekhara Reddy (PB) | 4.63 |
| 10 | 8194 | Vipul Babubhai Prajapati (PB) | 4.38 |
Congratulations to all!
2023 mein EMF business ko aur grow kar, Sharekhan kar.
| Published by Team Internal Communications |  |
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