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Small towns added Rs 4.36 lakh cr to MF assets in Feb

Small towns added Rs 4.36 lakh cr to MF assets in Feb

Wednesday, March 14, 2018, 8:44 PM

Smaller towns contributed Rs 4.36 lakh crore to assets under management (AUM) of the mutual fund industry at the end of February 2018, over 41 percent higher than a year-ago period, said a report. According to rating agency ICRA, AUM of mutual funds from B15 cities (beyond top 15 cities) stood at Rs 3.08 lakh crore at end of February 2017.
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