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.

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