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  • News From Press Mutual funds asset base from small towns up 46% to Rs 4.1 trillion

    Mutual funds asset base from small towns up 46% to Rs 4.1 trillion

    Source: ET/PTI Jan 16, 2018

    Contribution of the country's small towns to mutual funds asset base surged 46 per cent to Rs 4.1 lakh crore by November-end due to a spirited promotion campaign by industry body Amfi.

    Mutual funds' assets under management (AUM) from B15 locations - small towns beyond top 15 (T15) cities - grew from Rs 2.81 lakh crore in November-end 2016 to Rs 4.1 lakh crore at the end of November 2017, according to latest data available with Association of Mutual Funds in India (Amfi).

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