News From Press Smaller towns account for 15.3 pct of MF asset base, shows report

Smaller towns account for 15.3 pct of MF asset base, shows report

Source: Financial Express Sep 18, 2019

In the last one year, the share of the country’s smaller towns or B30 (beyond top 30 cities) have improved for the Indian mutual fund industry. B30 accounted for 15.30% of the total average assets under management (average AUM) as in August 2019, against 14.48% in August 2018. AAUM of Indian mutual funds as on August stood at Rs 25.64 lakh crore, showed data from the Association of Mutual Funds in India (Amfi) collated by rating agency Icra.

Click here to read more>>

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

Latest Articles

India's insurance penetration declines for second consecutive fiscal year

Insurers report rise in commission expenses

Alternative investment funds: Dispelling myths and unlocking potential

MFs court investors with new themes; wealth managers advise small exposure

Claims ratio of non-life insurers dips to 82.52% in FY24: Irdai report

Over Rs 20k cr of unclaimed amounts lie with life insurers at end of FY24

FPIs turn cautious, end buying spree amid market volatility

Year-ender 2024: Sectoral, thematic mutual funds fetch highest inflows. Should you focus on them in 2025?

Financial calculators offer oversimplified projection and can come apart easily; why you must not take these as final word

After mutual funds push, new body set up to promote NPS

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

0 Comment

Be the first to comment.

More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.

POLL

MORE POLLS

As regards Portfolio Management Services (PMS), what is your status

Actively selling PMS

Not selling PMS but considering it seriously

Not selling PMS and not considering it either

EVENTS FORUMS