MF houses fail to make much headway in B15 cities

Jan 25 2014, 15:41 IST
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Share of MF assets from these cities is yet to see a meaningful increase. Share of MF assets from these cities is yet to see a meaningful increase.
SummaryShare of MF assets of a total of 95 cities below top 15 cities (T15) rose by 64 basis points (bps) year-on-year

that has never invested in mutual funds. So, investor awareness is required as much in the top cities as in the B15, since understanding of the product category is very low,” said Puneet Chaddha, CEO, HSBC Global Asset Management, India.

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