Assets under management of mutual funds from B30 cities—locations beyond the top 30 cities—have grown at a faster clip of 17% as compared to 12.5% for the latter, between June and November 2022.
This was primarily because of the ease of transactions through digitisation.
Also read: Mutual Funds: Go for index funds, but don’t ignore active funds
In fact, retail participation in stock markets through mutual funds helped the Indian equity markets as domestic mutual funds invested Rs 2 trillion, compared with sale of more than Rs 1.2 trillion by foreign portfolio investors in 2022.