Without enough distributors, Indian households who have never participated in equities could be at the risk of being unadvised.
Even as the bulk of MF assets are concentrated in top cities, the MF industry continues to attract distributors from smaller towns.
From 34,627 in December 2016, the number of ARNs (individuals) registered in B15 towns has gone up to 38,593 as on August 2017, an increase of 11 percent, shows AMFI data.
The trend is similar in T15 cities. From 33,393 in December 2016, the individual ARN holder base in T15 cities has gone up to 37,273 in August 2017.
Without enough distributors, Indian households who have never participated in equities could be at the risk of being unadvised.
Even as the bulk of MF assets are concentrated in top cities, the MF industry continues to attract distributors from smaller towns.
From 34,627 in December 2016, the number of ARNs (individuals) registered in B15 towns has gone up to 38,593 as on August 2017, an increase of 11 percent, shows AMFI data.
The trend is similar in T15 cities. From 33,393 in December 2016, the individual ARN holder base in T15 cities has gone up to 37,273 in August 2017.
