{"id":2833,"date":"2025-12-23T18:48:38","date_gmt":"2025-12-23T13:18:38","guid":{"rendered":"https:\/\/www.cuelinks.com\/blog\/?p=2833"},"modified":"2025-12-23T18:48:41","modified_gmt":"2025-12-23T13:18:41","slug":"best-mutual-fund-affiliate-programs","status":"publish","type":"post","link":"https:\/\/www.cuelinks.com\/blog\/best-mutual-fund-affiliate-programs\/","title":{"rendered":"10 Best Mutual Fund Affiliate Programs India"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"675\" height=\"675\" src=\"https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-61-675x675.png\" alt=\"Best Mutual Fund Affiliate Programs India\" class=\"wp-image-2834\" srcset=\"https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-61-675x675.png 675w, https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-61-300x300.png 300w, https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-61-150x150.png 150w, https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-61-768x768.png 768w, https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-61.png 1024w\" sizes=\"auto, (max-width: 675px) 100vw, 675px\" \/><\/figure>\n\n\n\n<p>Affiliate marketing in mutual funds lets creators earn commissions by referring investors to fund platforms. Many leading mutual fund distributors and brokers offer affiliate programs, often via networks like Cuelinks. These programs typically pay for lead (CPL) generation (user sign-up\/KYC+transaction) or app installs, rather than recurring asset-management fees. Below we rank 10 programs from lowest to highest (best at #1), summarizing each and listing pros and cons.<\/p>\n\n\n\n<div class=\"wp-block-rank-math-toc-block\" id=\"rank-math-toc\"><h2>Table of Contents<\/h2><nav><ul><li><a href=\"#10-quantum-mutual-funds-affiliate-program\">10. Quantum Mutual Funds Affiliate Program<\/a><\/li><li><a href=\"#9-anand-rathi-affiliate-program\">9. Anand Rathi Affiliate Program<\/a><\/li><li><a href=\"#8-reliance-smart-money-affiliate-program\">8. Reliance Smart Money Affiliate Program<\/a><\/li><li><a href=\"#7-kotak-mutual-fund-affiliate-program\">7. Kotak Mutual Fund Affiliate Program<\/a><\/li><li><a href=\"#6-iifl-mutual-fund-affiliate-program\">6. IIFL Mutual Fund Affiliate Program<\/a><\/li><li><a href=\"#5-hdfc-securities-affiliate-program\">5. HDFC Securities Affiliate Program<\/a><\/li><li><a href=\"#4-dsp-mutual-fund-affiliate-program\">4. DSP Mutual Fund Affiliate Program<\/a><\/li><li><a href=\"#3-axis-mutual-fund-affiliate-program\">3. Axis Mutual Fund Affiliate Program<\/a><\/li><li><a href=\"#2-angel-one-angel-broking-affiliate-program\">2. Angel One (Angel Broking) Affiliate Program<\/a><\/li><li><a href=\"#1-groww-mutual-funds\">1. Groww Mutual Funds<\/a><\/li><li><a href=\"#conclusion\">Conclusion\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"10-quantum-mutual-funds-affiliate-program\"><strong>10. Quantum Mutual Funds Affiliate Program<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-62.png\" alt=\"\" class=\"wp-image-2835\" srcset=\"https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-62.png 300w, https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-62-150x150.png 150w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/figure>\n\n\n\n<p>Quantum Mutual Fund is a niche yet respected AMC led by founder Ajit Dayal. Although its affiliate payout is small (about \u20b92.43 per lead), it can appeal to investors seeking <strong>unique funds and research-driven strategies<\/strong>.&nbsp;<\/p>\n\n\n\n<p>Quantum was one of the first to launch a Gold ETF and offers specialized funds like the Quantum Long Term Equity Value Fund. Promoting Quantum can help your audience diversify with <strong>high-quality, value-oriented schemes<\/strong>.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cuelinks.com\/campaigns\/quantum-mutual-funds-affiliate-program\"><strong>Quantum Mutual Fund\u2019s affiliate campaign<\/strong><\/a> requires users to fill in their details on the Quantum website (with OTP verification), and affiliates get credited only for valid leads.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Small AUM, focused strategy:<\/strong> Quantum\u2019s total AUM is only a few thousand crores, but its schemes (e.g. Gold Fund, value funds) have strong track records.<\/li>\n\n\n\n<li><strong>Niche appeal:<\/strong> Backed by a trusted fund house (Quantum Advisors), it\u2019s known for thorough research and unique funds.<\/li>\n\n\n\n<li><strong>Why promote:<\/strong> Investors looking for long-term value or precious-metal exposure may prefer Quantum\u2019s funds.<\/li>\n\n\n\n<li><strong>Cons:<\/strong> Extremely low payout (\u20b92.43\/lead); many restrictions (no coupons, no social ads) limit promotion.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"9-anand-rathi-affiliate-program\"><strong>9. Anand Rathi Affiliate Program<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"577\" height=\"300\" src=\"https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-63.png\" alt=\"\" class=\"wp-image-2836\" srcset=\"https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-63.png 577w, https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-63-300x156.png 300w\" sizes=\"auto, (max-width: 577px) 100vw, 577px\" \/><\/figure>\n\n\n\n<p>Anand Rathi (AR) is a diversified financial services group with a solid retail network. The <a href=\"https:\/\/www.cuelinks.com\/campaigns\/anand-rathi-affiliate-program\"><strong>Anand Rathi affiliate program<\/strong><\/a> offers modest commissions (\u20b9102-\u20b9122 per lead) but benefits from <strong>brand trust and wide distribution<\/strong>.&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/anandrathi.com\/about-us#:~:text=Anand%20Rathi%20Investment%20Services%20is,outlets%2C%20we%20have%20a%20physical\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>Anand Rathi<\/strong><\/a> provides mutual funds alongside equities, commodities, PMS and more. It has 90+ branches and 1,100+ partner outlets across India, so promoting AR can tap into a large investor base.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Established brand:<\/strong> Part of the Anand Rathi Group (founded 1994), it offers tailor-made financial solutions.<\/li>\n\n\n\n<li><strong>Wide reach:<\/strong> Deep pan-India presence with physical branches and partner outlets helps with credibility.<\/li>\n\n\n\n<li><strong>Why promote:<\/strong> Its one-stop-shop platform is useful for audiences who value <strong>personal guidance<\/strong> and a <strong>full-suite investment service<\/strong>, not just mutual funds.<\/li>\n\n\n\n<li><strong>Cons<\/strong>: Online\/Digital (it is where today\u2019s young mutual fund enthusiasts thrive) reach is poor.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"8-reliance-smart-money-affiliate-program\"><strong>8. Reliance Smart Money Affiliate Program<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"675\" height=\"675\" src=\"https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-64-675x675.png\" alt=\"\" class=\"wp-image-2837\" srcset=\"https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-64-675x675.png 675w, https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-64-300x300.png 300w, https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-64-150x150.png 150w, https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-64-768x768.png 768w, https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-64.png 800w\" sizes=\"auto, (max-width: 675px) 100vw, 675px\" \/><\/figure>\n\n\n\n<p>Reliance Smart Money (by Reliance Capital) is a \u201cfinancial services marketplace\u201d that lets users invest in MFs as well as stocks, insurance, loans, etc. The <a href=\"https:\/\/www.cuelinks.com\/campaigns\/reliance-smart-money-mutual-fund-affiliate-program\"><strong>Reliance Smart Money Affiliate Program<\/strong><\/a>\u2019s payout is \u20b9127.50-\u20b9153 per sale, and Reliance\u2019s brand and multi-product offering are big pluses. As a part of the Reliance Group, it\u2019s seen as a <strong>neutral, one-stop platform<\/strong> for personal finance.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Multi-product platform:<\/strong> Offers mutual funds along with equities, loans, insurance, PMS, corporate FDs and bonds.<\/li>\n\n\n\n<li><strong>Trusted brand:<\/strong> Backed by Reliance Capital, it leverages Reliance\u2019s reach and reputation.<\/li>\n\n\n\n<li><strong>Why promote:<\/strong> Good for audiences wanting a <strong>holistic financial platform<\/strong>; can cross-sell other products (loans, stocks) through the same app.<\/li>\n\n\n\n<li><strong>Cons:<\/strong> No missing-transaction support<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"7-kotak-mutual-fund-affiliate-program\"><strong>7. Kotak Mutual Fund Affiliate Program<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"339\" height=\"149\" src=\"https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-65.png\" alt=\"\" class=\"wp-image-2838\" srcset=\"https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-65.png 339w, https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-65-300x132.png 300w\" sizes=\"auto, (max-width: 339px) 100vw, 339px\" \/><\/figure>\n\n\n\n<p>Kotak Mutual Fund is one of India\u2019s largest fund houses (5th by AUM as of 2023). Kotak AMC has over <strong>8.1 million investor accounts<\/strong> and is owned by Kotak Mahindra Bank. Kotak offers 100+ schemes (equity, debt, hybrid, etc.), so it suits a wide range of investors.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cuelinks.com\/campaigns\/kotak-mf-affiliate-program\"><strong>Kotak\u2019s mutual fund affiliate program<\/strong><\/a> pays \u20b9192 on SIP and \u20b9252 on Lumpsump. It is a CPL &amp; CPS campaign with a simple signup (OTP verification) and mutual fund investment process. You can promote it via deals, coupons, banners, rewards, and emails.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Large AUM &amp; reach:<\/strong> \u20b95.66 lakh crore AUM, fifth-largest fund house, with 8.1 million folios (Mar 2023)<\/li>\n\n\n\n<li><strong>Diverse fund lineup:<\/strong> 67 equity, 28 debt, 8 hybrid schemes, including popular large-cap and mid-cap funds<\/li>\n\n\n\n<li><strong>Why promote:<\/strong> Kotak\u2019s size and <strong>banking affiliation<\/strong> give confidence. It\u2019s ideal for audiences wanting <strong>stable, well-known fund houses<\/strong> and many scheme options.<\/li>\n\n\n\n<li><strong>Cons:<\/strong> Converting leads requires OTP, KYC, and transaction<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"6-iifl-mutual-fund-affiliate-program\"><strong>6. IIFL Mutual Fund Affiliate Program<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"721\" height=\"385\" src=\"https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-66.png\" alt=\"\" class=\"wp-image-2839\" srcset=\"https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-66.png 721w, https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-66-300x160.png 300w\" sizes=\"auto, (max-width: 721px) 100vw, 721px\" \/><\/figure>\n\n\n\n<p>India Infoline Finance Ltd (IIFL) is a leading broking and financial services firm. While specific (Payout on Equity Acquisition) MF commissions are \u20b9975 (CPL), <a href=\"https:\/\/www.cuelinks.com\/campaigns\/iifl-mutual-fund-and-equity-affiliate-program\"><strong>IIFL\u2019s mutual fund affiliate<\/strong><\/a> offerings also tie into its entire ecosystem (broking, loans, insurance).<\/p>\n\n\n\n<p>As an independent broking house with <strong>millions of customers<\/strong> (<a href=\"https:\/\/www.iiflcapital.com\/investor-relations\/business-overview#:~:text=IIFL%20Capital%20Services%20Limited%20,services%20and%20products%20to%20corporates\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">3M+ served<\/a> by March 2023), it\u2019s highly credible. Promoting IIFL\u2019s platform can attract customers who already trust IIFL for trading and advisory.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Top-tier brokerage:<\/strong> \u201cOne of the largest independent full-service broking houses\u201d in India, with diversified distribution (3 million+ clients).<\/li>\n\n\n\n<li><strong>All-in-one offerings:<\/strong> Provides equity broking, mutual funds, bonds, PMS, AIFs, etc., so a lead can invest in multiple products.<\/li>\n\n\n\n<li><strong>Why promote:<\/strong> Ideal for audiences wanting <strong>integrated investment services<\/strong> under one brand. The IIFL name and technology-driven platform can be appealing.<\/li>\n\n\n\n<li><strong>Cons<\/strong>: Only text links and banners are allowed for marketing<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"5-hdfc-securities-affiliate-program\"><strong>5. HDFC Securities Affiliate Program<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"344\" height=\"675\" src=\"https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-67-344x675.png\" alt=\"\" class=\"wp-image-2840\" srcset=\"https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-67-344x675.png 344w, https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-67-153x300.png 153w, https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-67.png 428w\" sizes=\"auto, (max-width: 344px) 100vw, 344px\" \/><\/figure>\n\n\n\n<p>HDFC Securities is the brokerage arm of HDFC Bank. It lets users invest in <strong>mutual funds via paperless online account<\/strong> opening. The platform offers <a href=\"https:\/\/www.hdfcsec.com\/offering\/mf-product#:~:text=Why%20HDFC%20securities%3F\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>seamless integration with HDFC Bank<\/strong><\/a> for fund transfers. Investors get a \u201cwide net of mutual funds to pick from\u201d without paperwork.<\/p>\n\n\n\n<p>The <a href=\"https:\/\/www.cuelinks.com\/campaigns\/hdfc-securities-affiliate-program\"><strong>HDFC Securities Affiliate Program<\/strong><\/a> offers one of the highest affiliate payouts. Affiliates get up to <strong>\u20b9525-\u20b9665<\/strong> for each traded account opening (<strong>\u20b9225-\u20b9315<\/strong> for a non-traded account). Conversion requires completing KYC and initial funding. Strict rules apply (no penny trading, offline tracking, etc.).<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bank-backed convenience:<\/strong> Clients of HDFC Bank can easily transfer funds; HDFC Sec emphasizes faster investments by syncing with HDFC Bank accounts<\/li>\n\n\n\n<li><strong>Large mutual fund catalog:<\/strong> Access to many schemes (equity, debt, ELSS, etc.) through one platform.<\/li>\n\n\n\n<li><strong>Why promote:<\/strong> Beneficial for those who bank with HDFC and want a <strong>trusted, fast way to start SIPs or lumpsum MFs<\/strong>, with HDFC\u2019s security and technology behind it<\/li>\n\n\n\n<li><strong>Cons:<\/strong> Long lead funnel (multiple OTPs, PAN\/Aadhaar steps)<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"4-dsp-mutual-fund-affiliate-program\"><strong>4. DSP Mutual Fund Affiliate Program<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"598\" src=\"https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-68-1200x598.png\" alt=\"\" class=\"wp-image-2841\" srcset=\"https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-68-1200x598.png 1200w, https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-68-300x150.png 300w, https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-68-768x383.png 768w, https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-68.png 1494w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/figure>\n\n\n\n<p>DSP Mutual Fund is a well-known AMC (formerly DSP BlackRock) with <strong>over Rs.1.1 lakh crore AUM<\/strong>. DSP is trusted for consistent equity and balanced schemes.<\/p>\n\n\n\n<p>The <a href=\"http:\/\/cuelinks.com\/campaigns\/dsp-mutual-funds-affiliate-program\" rel=\"nofollow noopener\" target=\"_blank\"><strong>DSP Mutual Funds CPL affiliate campaign<\/strong><\/a> pays \u20b9525, \u20b9600, \u20b9675 respectively on SIP investment of \u20b9500-600, \u20b9601-700, and \u20b9701+ respectively. It targets new SIP and lump-sum investors (\u20b9750 commission on \u20b98k+) and only pays for KYC+transaction leads.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Strong track record:<\/strong> DSP is a \u201cfully independent Indian AMC\u201d with roots in global partnerships and over Rs.1.1 lakh Cr AUM today<\/li>\n\n\n\n<li><strong>Investor trust:<\/strong> Known for flagship funds (e.g. DSP Bluechip, Conservative Hybrid), it attracts long-term investors.<\/li>\n\n\n\n<li><strong>Why promote:<\/strong> With high commissions and a solid reputation, DSP can appeal to tech-savvy investors. Its strong branding and investor base (<a href=\"https:\/\/www.dspim.com\/#:~:text=Obsessed%20with%20helping%20you%20invest,Trusted%20by%2063L%20investors\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">over 63 lakh investors<\/a> on DSP blog) reinforce trust.<\/li>\n\n\n\n<li><strong>Cons:<\/strong> Only new users qualify (no commission on existing investors)<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"3-axis-mutual-fund-affiliate-program\"><strong>3. Axis Mutual Fund Affiliate Program<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1096\" height=\"675\" src=\"https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-69-1096x675.png\" alt=\"\" class=\"wp-image-2842\" srcset=\"https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-69-1096x675.png 1096w, https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-69-300x185.png 300w, https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-69-768x473.png 768w, https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-69.png 1449w\" sizes=\"auto, (max-width: 1096px) 100vw, 1096px\" \/><\/figure>\n\n\n\n<p>Axis Mutual Fund is one of India\u2019s largest fund houses, backed by Axis Bank and Schroders. Axis AMC offers equity, debt, hybrid and even PMS\/AIF products.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cuelinks.com\/campaigns\/axis-mutual-fund-affiliate-program#4619\"><strong>Axis Mutual Fund\u2019s affiliate program<\/strong><\/a> is tied to its \u201cMicro-Investing\u201d SIP product. It pays <strong>\u20b9525-\u20b9630 per lead<\/strong>, making it one of the most generous MF affiliate offers. Leads must be KYC-verified and complete a SIP of min \u20b9600.&nbsp;<\/p>\n\n\n\n<p>This CPA campaign targets new investors pan-India. The Axis brand is highly trusted in Indian asset management.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Top-tier AMC:<\/strong> \u201cOne of the largest mutual funds in India,\u201d Axis MF is backed by Axis Bank (sponsor) and Schroders, giving it strong credibility.<\/li>\n\n\n\n<li><strong>Broad investment options:<\/strong> Many popular schemes (e.g. Axis Bluechip, Index Funds, ESG funds).<\/li>\n\n\n\n<li><strong>Why promote:<\/strong> Great for audiences seeking <strong>reliable, high-quality funds<\/strong> from a leading fund house. Its strong banking connection and low expense index\/ESG offerings make it a compelling affiliate product.<\/li>\n\n\n\n<li><strong>Cons<\/strong>: Affiliates cannot subsidize users (no cashback, deals, coupons, rewards, etc.)<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"2-angel-one-angel-broking-affiliate-program\"><strong>2. Angel One (Angel Broking) Affiliate Program<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"225\" height=\"225\" src=\"https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-70.png\" alt=\"\" class=\"wp-image-2843\" srcset=\"https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-70.png 225w, https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-70-150x150.png 150w\" sizes=\"auto, (max-width: 225px) 100vw, 225px\" \/><\/figure>\n\n\n\n<p>Angel One (formerly Angel Broking) is a tech-driven brokerage that now has over <strong>6 million clients and 12 million app downloads<\/strong>, onboarding ~400K users\/month.&nbsp;<\/p>\n\n\n\n<p>The <a href=\"https:\/\/www.cuelinks.com\/campaigns\/angel-broking-app-android-affiliate-program\"><strong>Angel Broking affiliate program<\/strong><\/a> pays around \u20b9396 per account opened. Angel\u2019s single app offers trading, direct mutual funds, smallcases, IPOs, insurance etc.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Massive user base:<\/strong> Millions of existing users trust Angel\u2019s platform for trading and MF investing<\/li>\n\n\n\n<li><strong>Technology-first:<\/strong> It\u2019s marketed as a \u201cfintech\u201d with easy-to-use apps, research tools and seamless integration (also offers PMS, insurance, etc.).<\/li>\n\n\n\n<li><strong>Why promote:<\/strong> Ideal for millennial or online-savvy audiences who prefer <strong>mobile\/online investing<\/strong>. Angel\u2019s fast growth and diverse services mean affiliates can earn on many financial products, not just mutual funds.<\/li>\n\n\n\n<li><strong>Cons:<\/strong> Higher brokerage compared to others in this list\u00a0<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"1-groww-mutual-funds\"><strong>1. Groww Mutual Funds<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"540\" src=\"https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-71.png\" alt=\"\" class=\"wp-image-2844\" srcset=\"https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-71.png 960w, https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-71-300x169.png 300w, https:\/\/www.cuelinks.com\/blog\/wp-content\/uploads\/2025\/12\/image-71-768x432.png 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/figure>\n\n\n\n<p>Groww is India\u2019s <strong>#1 stockbroker by active users<\/strong> (<a href=\"https:\/\/groww.in\/mutual-funds#:~:text=Groww%20is%20India%27s%20largest%20Stock,invest%20their%20money%20without%20hassles\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">1.4 crore active customers<\/a> as of June 2025), and was launched as a direct mutual fund platform. Groww\u2019s key draw is <strong>\u201cinvesting in mutual funds is now simple and free\u201d<\/strong> (all direct mutual funds are zero-commission).<\/p>\n\n\n\n<p>The <a href=\"https:\/\/www.cuelinks.com\/campaigns\/groww-app-android-affiliate-program\"><strong>Groww mutual fund affiliate program<\/strong><\/a> is a CPI campaign paying \u20b9337.5-\u20b9405 per Android app install (per acquisition). The affiliate is credited when the user downloads the app and completes a first stock or mutual fund transaction.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Zero-commission direct MFs:<\/strong> Users can switch regular plans to direct for higher returns, without any fees<\/li>\n\n\n\n<li><strong>Huge trust factor:<\/strong> 1.4+ crore users actively use Groww for stocks, US equities, F&amp;O, IPOs and mutual funds<\/li>\n\n\n\n<li><strong>Why promote:<\/strong> High commissions and a <strong>very popular platform<\/strong> make Groww ideal. Its simple UI, paperless KYC, and transparent pricing help audiences invest with confidence. Groww is widely recommended among young investors, which makes affiliate promotions more effective.<\/li>\n\n\n\n<li><strong>Cons: <\/strong>Android-only CPI campaign<\/li>\n<\/ul>\n\n\n\n<p><strong><em>Note<\/em><\/strong><em>: If a campaign is paused, you can join similar campaigns or <\/em><a href=\"https:\/\/www.cuelinks.com\/contact-us\"><em>contact Cuelinks<\/em><\/a><em> for details on its resumption or any other queries.<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"conclusion\"><strong>Conclusion&nbsp;<\/strong><\/h2>\n\n\n\n<p>Choosing the right mutual fund affiliate program can significantly impact both your earnings and the value you deliver to your audience. As this list shows, India\u2019s mutual fund ecosystem offers a wide spectrum of affiliate opportunities, from niche AMCs like Quantum to large, tech-first platforms such as Groww and Angel One. While lower-ranked programs may suit specific audience segments or content niches, the top programs stand out for their strong brand recall, easier conversions, competitive commissions, and investor-friendly platforms. As an affiliate, the key is to align the program you promote with your audience\u2019s investing maturity, risk appetite, and preferred investing experience. By focusing on trusted fund houses and platforms that genuinely help users invest better, you not only improve conversion rates but also build long-term credibility and trust, an asset far more valuable than any single commission.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Affiliate marketing in mutual funds lets creators earn commissions by referring investors to fund platforms. Many leading mutual fund distributors [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":2834,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[131,127],"tags":[2,3,132],"class_list":["post-2833","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-affiliate-programs","category-affiliate-programs","tag-affiliate-marketing-programs","tag-affiliate-programs-india","tag-mutual-funds"],"_links":{"self":[{"href":"https:\/\/www.cuelinks.com\/blog\/wp-json\/wp\/v2\/posts\/2833","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cuelinks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cuelinks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cuelinks.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cuelinks.com\/blog\/wp-json\/wp\/v2\/comments?post=2833"}],"version-history":[{"count":1,"href":"https:\/\/www.cuelinks.com\/blog\/wp-json\/wp\/v2\/posts\/2833\/revisions"}],"predecessor-version":[{"id":2845,"href":"https:\/\/www.cuelinks.com\/blog\/wp-json\/wp\/v2\/posts\/2833\/revisions\/2845"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cuelinks.com\/blog\/wp-json\/wp\/v2\/media\/2834"}],"wp:attachment":[{"href":"https:\/\/www.cuelinks.com\/blog\/wp-json\/wp\/v2\/media?parent=2833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cuelinks.com\/blog\/wp-json\/wp\/v2\/categories?post=2833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cuelinks.com\/blog\/wp-json\/wp\/v2\/tags?post=2833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}