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Top 15 cities' share in MF assets under management dips by 250 bps in 2017

The capital of Tamil Nadu saw its share in the mutual fund AUM rise by 200 bps in 2017

Chandan Kishore Kant 

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The share of top 15 cities in the mutual fund (MF) assets under management (AUM) has declined by 250 basis points in 2017. This is mainly on account of increasing penetration of MFs in smaller cities and towns. Top contributor has seen its share decline by 386 basis points (bps) to 38.2 per cent.

Delhi's contribution has declined by 118 bps to 14 per cent. saw only a 15 bps decline in its share, however, it has lost its spot as third-biggest centre in terms of contribution to Chennai. The capital of saw its share in the mutual fund rise by 200 bps in 2017. Top 15 cities' share in MF assets under management dips by 250 bps in 2017 Earlier this month, (Sebi) tweaked the extra incentive structure for generating assets from beyond 15 cities (B15). From 1 April, the market regulator has said fund houses will be allowed to pay extra commission of 30 bps for incremental flows from beyond top 30 citites. As on December, total assets from B15 stood at Rs 3.6 trillion, while top 15 centres accounted for Rs 17.7 trillion.

First Published: Mon, February 12 2018. 05:55 IST
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