Asset base of mutual funds from smaller cities up 44% at Rs 3 lakh crore
Mar 20 2017
News Category: Industry Update
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According to a media note from a major rating agency, Assets Under Management (AUM) of mutual funds from B15 cities grew from Rs. 2.13 lakh crore in Feb 2016 to Rs. 3.07 lakh crore at the end of Feb 2017. Assets from such towns have grown due to investor friendly initiatives by the market regulator Securities and Exchange Board of India and campaigns by asset management companies.

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