Mutual Funds Moving Beyond Top 15 Cities, Says Franklin Templeton Report
The assets under management of investors in below 30 cities undeniably outpaced the top growth in the AUM of the top 30 cities in India. The growth of AUM from Dec. 2018 to Aug. 2024 across cities has two different growth trajectories to show.
The top 30 cities by 19% contribution according to the report, grew from an AUM of Rs 20 lakh crore in Dec. 2018 to Rs 54 lakh crore in Aug. 2024. The pace of growth steadily spread through the years, the top cities saw even growth through the years under review.
The growth of below 30 cities had a different tale to tell, with the AUM taking leaps through the years, giving 24% growth during the time frame. Starting with Rs 4 lakh crore AUM in Dec. 2018, the AUM more than doubled by Aug. 2024. The growth in AUM was by the couple crores, spread through the years, reaching the highest in August.