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).