News From Press Inflows from B-30 cities touch 15% of MF assets

Inflows from B-30 cities touch 15% of MF assets

Source: The Hindu BusinessLine Dec 20, 2018

The fad for investing in mutual funds is fast catching up in smaller towns (beyond top 30 cities) as their contribution accounted for 15.1 per cent of average AUM of Rs. 23.59 lakh crore in November.

B-30 accounted for 14.8 per cent of industry AUM in October, according to an ICRA analysis.

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