ASSETS FROM SMALL TOWNS DOUBLE IN A YEAR

Contribution of small towns to mutual funds' assets rose 46 per cent between November 2016 and November 2017. The assets under management (AUM) from B15 locations – small towns beyond top 15 ( T15) cities – grew from ` 2.81 lakh crore to ` 4.1 lakh crore, according to data with the Association of Mutual Funds in India. This comes even as high inflows into mutual funds powered the Sensex to 35,000 on January 17. B15 towns account for 18 per cent assets of the industry.