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Mutual fund asset base from small towns up by 46% in June

Mon, Jul 31 2017, 02:48 PM

India’s small towns accounted for about 18% of the mutual fund (MF) industry’s assets under management (AUMs) in June 2017, against 16% in June 2016. AUMs from B15 locations (beyond top 10) increased by 46.3% on a year-on-year basis to Rs 3,54,000 crore, against 31.3% for the top 10 cities (Rs 16,40,000 crore) as a whole.