MF News Bharat edges out India in mutual fund investments

Bharat edges out India in mutual fund investments

Source: Asian Age Jul 6, 2015

The number of retail accounts in the MF industry from smaller towns and cities have surpassed that of top cities as the positive momentum in the equity markets and aggressive campaigns undertaken by fund houses have managed to attract a large number of investors from tier II and tier III cities.

The total number of retail folios from smaller towns and cities stood at 2.20 crore as compared to 2.05 crore retail folios from top 15 cities in India.

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