MFs raking in big money from small cities
Regulatory incentives, awareness campaigns and good returns provide impetus
Mutual funds have been seeing record inflows in recent months, and it’s coming not just from big-city investors. Those in relatively smaller cities and towns such as Guwahati, Nashik, Coimbatore, Varanasi, Siliguri, Kottayam, Jalgaon and Haldwani have also been pouring in money. In July 2017, assets managed by mutual funds touched ₹20.42 lakh crore, growing a solid 30 per cent y-o-y. Even m...
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