Fri, Oct 04, 2024
These smaller cities and towns are classified as B-30 cities (beyond the top 30 cities) by the Association of Mutual Funds of India (AMFI). As of August 2024, about 54 per cent of all the SIP accounts in the mutual fund industry are contributed by SIPs from smaller cities. Smaller cities have a larger number of SIP accounts reflecting greater penetration in less urbanised areas.
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