News From Press Mutual fund folio addition: Smaller towns steal a march over big cities

Mutual fund folio addition: Smaller towns steal a march over big cities

Source: Business Standard Apr 26, 2024

The direct plan mutual fund (MF) schemes, which are offered by online investment platforms, now have more investment accounts from smaller towns and villages than in the top 30 (T-30) cities. The retail B-30 (beyond the top 30 cities) accounts or folios surged 52 per cent in the financial year (FY) 2024 vis-a-vis 39 per cent growth in T-30 folios.

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