India's smaller cities' mutual fund investments surged to over 30% of total investors since March 2021, with AUM reaching Rs 12 lakh crore by August 2024.

A Franklin Templeton report reveals that mutual fund investments from India's smaller cities have surged, contributing over 30% of total investors since March 2021. While Mumbai and Delhi still dominate, their combined investor share is 39% as of June 2024. Assets under management (AUM) from these smaller cities grew at a 24% CAGR, reaching Rs 12 lakh crore by August 2024. The overall mutual fund industry's AUM surpassed Rs 65 lakh crore, boosted by significant equity fund inflows.

September 21, 2024
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