News From Press MFs offer extra incentives to rake in big money from smaller towns

MFs offer extra incentives to rake in big money from smaller towns

Source: Business Standard Jun 5, 2018

A little more than 17 per cent of the assets of the mutual fund (MF) industry came from the so-called beyond top 30 (B30) cities, the Association of Mutual Funds in India’s (Amfi’s) data for April shows. At the end of April, assets under management (AUM) from the B30 locations stood at Rs 4.02 trillion, while the top 30 (T30) centres accounted for Rs 19.2 trillion.

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