News From Press Overall AUM of MFs shrinks, but collections up from smaller towns

Overall AUM of MFs shrinks, but collections up from smaller towns

Source: Business Line Mar 15, 2018

The country’s smaller towns or B15 (beyond top 15 cities) locations accounted for 18.8 per cent of the total industry assets under management (AUM) at the end of February 2018, said ICRA in its monthly update.

The total folio count at the end of February 2018 at 6.99 crore, also showed a growth of 2.3 per cent compared with January, ICRA said quoting data from SEBI.

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