News From Press Investors from smaller states and UTs invest big in mutual funds

Investors from smaller states and UTs invest big in mutual funds

Source: Economic Times May 10, 2017

The hinterland of India are slowly but steadily catching up with the stock market's rally, show latest data from the Association of Mutual Funds of India (AMFI). Assets under management (AUMs), a barometer for rise or fall in investments in mutual funds, grew more than 50 per cent in Bihar, Chhattisgarh, Jammu & Kashmir(J&K), Jharkhand, Madhya Pradesh, and Uttarakhand in FY17 compared with FY16.

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