Investors from smaller towns are investing in mutual funds in a big way. According to data from the Association of Mutual Funds in India (AMFI), assets under management (AUM) from B15 locations grew 41 per cent year-on-year to Rs 3.09 lakh crore by the end of 2016-17. Meanwhile, with a one-year return of 21.67 per cent, the Nifty 50 is trading at a price-to-earnings (PE) ratio of 24.73. The Nifty Midcap 50 (PE 43.77) and Nifty Small cap 50 (73.92) are at even higher levels.
75 years to reach per capita income of $2730, will take only 5 years to add another $2000, FM Sitharaman
Read More
