The latest AMFI data shows that B30 cities account for 16% of the total Rs.26 lakh crore MF industry assets.
AUM from B30 cities touched Rs.4.26 lakh crore in December 2019. A large proportion of the B30 assets (65%) comes in equity funds. This is because of the increasing popularity of equity funds among retail investors in these cities.
Analysis of data shows that assets from B30 cities increased by Rs.42,600 crore, a growth of 12%, between March 2019 and December 2019.
Experts believe that AMFI’s investor education campaign has increased awareness about mutual funds among investors in non-metros. In addition, easy access to internet and growth in online transaction platforms have also allowed investors who do not have easy access to physical distribution networks to invest in mutual funds.
Investor wise analysis of the data shows that B30 cities account for 24% of individual assets of the industry. Individual assets include retail and HNI assets. B30 cities, however, account for only 6% of institutional assets as of December 2019.
