AMFI’s latest data shows that 16% of assets in the MF industry has come from B30 cities amounting to Rs.5.56 lakh crore as on June 2021, rising from Rs.4.01 lakh crore in June 2020.
Assets in T30 cities stood at Rs.28.54 lakh crore in June 2021.
Assets mix
Further analysis of the data shows that a large chunk of the B30 assets is in equity oriented schemes.
Of the total B30 AUM, 70% was from equity-oriented schemes while the remaining 30% belonged to debt schemes as on June 2021.
Ashish Shah, FINCIPLINE Moneymart, Bhavnagar pointed out that many people in B30 cities prefer equity funds as they have adequate exposure to debt schemes through bank FDs and pension funds.
This ratio is reversed in T30 cities due to presence of institutions and corporate houses. Nearly 60% of the total T30 AUM is invested in debt schemes.
Contribution in individual assets
Over 26% of the assets held by individual investors is from B30 location.
Investors in these locations prefer investing in mutual funds through distributors. AMFI data shows that 86% of the total individual assets in B30 location has been in regular plan.
