News From Press MF penetration: Maharashtra, Delhi in lead; Jharkhand in top 10

MF penetration: Maharashtra, Delhi in lead; Jharkhand in top 10

Source: Business Standard Nov 8, 2022

Maharashtra, New Delhi and Goa have the highest mutual fund penetration in India, thanks to the higher income levels, better literacy rates and strong inflows from corporates and high net worth individuals. However, it is not that all higher income and developed states have high MF penetration and all 'poorer' states lag behind.

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