Listen to this article
An analysis of MF assets done by Cafemutual based on AMFI data shows that the proportion of B30 assets to the total industry AUM grew by 2% in 4 years.
The data shows that the proportion of B30 cities to the total MF AUM has moved from 16% in March 2019 to 18% in March 2023, a growth of 2% in 4 years. B15 became B30 in April 1, 2018.
G Pradeepkumar of Union MF attributes this to rise in assets of T30 assets in absolute terms. He said “The MF industry witnessed huge interest of people during pandemic from T30 cities who saved a lot of money when things moved to work from home working style.”
Ajit Menon of PGIM India MF feels that investors from B-30 cities are more conservative. He said “Many investors take conservative approach in B30 cities and are comfortable investing in traditional products like bank FDs.”
Overall, B30 assets increased from Rs.4 lakh crore in March 2019 to Rs.7 lakh crore in March 2023, a growth of 75% in four years. On the other hand, the growth of T30 assets was largely in line with the industry AUM growth of over 65% during the corresponding period.
|
Year |
T-30 AUM |
B-30 AUM |
Total (in Rs. lakh crore) |
B30 to total ratio |
|
2019 |
19.89 |
3.91 |
23.8 |
16% |
|
2020 |
18.71 |
3.55 |
22.26 |
16% |
|
2021 |
26.07 |
5.36 |
31.43 |
17% |
|
2022 |
30.85 |
6.72 |
37.57 |
18% |
|
2023 |
32.3 |
7.12 |
39.42 |
18% |
