Investors in the semi-urban and rural pockets of the country have outstripped their urban counterparts in terms of new systematic investment plan (SIP) account openings in mutual fund (MF) schemes in recent times.
In the past year, investors from beyond the top 30 cities (B30) accounted for 60 per cent of the net additions in SIP accounts in active equity schemes.
The MF industry classifies investors into two broad subsets - T30 and B30. The top 30 cities, which have the highest MF investments, are called T30. The rest of the country is classified as B30. An analysis of industry data shows that the number of B30 SIP accounts in active equity schemes jumped 42 per cent during the September 2023 to September 2024 period to 42 million. The growth in T30 accounts was lower at 28 per cent.
Esta historia es de la edición November 21, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición November 21, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
A global outreach beyond business
An ancient civilisation with a modern outlook, India has a lot of fine strengths – in cinema, sports, art, culture, food, yoga – that it is building on
Union Carbide waste disposal: Protests rock Pithampur, 2 attempt self-immolation
Two persons on Friday attempted self-immolation, adding to tensions in Pithampur, Madhya Pradesh, as protests against the planned disposal of 337 tonnes of hazardous waste from Bhopal's defunct Union Carbide factory continued in the small industrial town.
Over 500 flights delayed, 24 train ops hit in Delhi
Palam airport records zero visibility from 8 am to 9.30 am Friday
AFTER SINDHU, WHO?
Women's badminton faces uncertainty due to a shrinking talent pool, lack of quality coaches, and overreliance on Gopichand
No cause for alarm: Indian health officials on hMPV spread in China
As the world marks the fifth anniversary of the Covid-19 pandemic in 2025, another flu-like illness has emerged, though Indian officials insist there is no reason to panic.
Jefferies: '25 may be year of monetary easing in India
Brokerage raises target price for HDFC, ICICI Bank
Avenue Supermarts hits 15% upper circuit after Q3 update
Avenue Supermarts (owner of DMart retail chain) shares clocked 15 per cent upper circuit in trade on BSE at ₹4,160.4 per share on Friday. Buying in the stock sparked after the company released its Q3 business update.
Film producer Vipul Shah's Sunshine Pictures files DRHP
Film and television producer-director Vipul Shah-backed Sunshine Pictures has filed draft papers with the market regulator Sebi to raise funds through an initial public offering (IPO).
MFs' Equity Buying Topped ₹4 Trillion in 2024
Mutual funds' (MFs) equity buying jumped over twofold in 2024 to top ₹4 trillion for the first time.
Quadrant Future fixes price band at ₹275-290, offer opens on Jan 7
Quadrant Future Tek on Friday said it has fixed the price band at ₹275-290 per equity share for its ₹290-crore initial public offering (IPO) that will open for public subscription on January 7.
