Financial, market and economic news

Small towns account for 16% of MF asset base; Maharashtra biggest contributor among states

B30 (beyond top 30 cities) accounted for 16 per cent of the total industry Average Assets Under Management (AAUM) in October this year, and the balance was contributed by T30 cities, or the top 30 locations in India, the Association of Mutual Fund Industry (Amfi) said.

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