Mutual funds in India have experienced significant growth, with assets under management (AUM) reaching Rs 57.3 trillion in April, a 37% annual increase. Notably, B30 cities—smaller towns beyond the top 30—have seen their AUM surpass Rs 10 trillion for the first time, marking a 44% growth over the past year. These cities contributed significantly to the industry’s expansion, which grew 3.6% month-on-month. While Maharashtra and Delhi dominate with 41% and 8.4% of the total AUM respectively, the combined assets of the top 30 cities (T30) also grew by 36%, highlighting the robust nationwide interest in mutual funds.
B30 Cities Drive Mutual Fund Growth Beyond Top 30
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