Contribution of small towns - known as beyond the top 15 cities (B15) - to mutual funds' asset base in India has surged 19 per cent to Rs 2.02 lakh crore in last fiscal.
Mutual funds' assets under management (AUM) from B15 grew from Rs 1.7 lakh crore in March 31, 2015 to Rs 2.02 lakh crore at the end of March this year, data available with markets regulator Sebi showed.
A major portion of the products sold within this fast growing pocket of the industry are equity-linke ..
