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

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 Mumbai 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. Bangalore saw only a 15 bps decline in its share, however, it has lost its spot as third-biggest centre in terms of AUM contribution to Chennai. The capital of Tamil Nadu saw its share