New Delhi, October 24 (IANS). The share of cities coming after the top 30 cities (B30) in the Indian mutual fund industry has increased to 19 percent in September. This information was given in the report released on Friday.
Assets of B30 cities increased from Rs 14.14 lakh crore in August to Rs 14.50 lakh crore in September, showing a growth of 2.6 per cent on a monthly basis, while on an annual basis it increased by 15 per cent.
“Meanwhile, assets in the top 30 cities (T30 cities) also grew by 14 per cent year-on-year in September 2025,” ICRA Analytics said citing data from the Association of Mutual Funds in India (AMFI).
According to the report, the trend towards equity assets continued in B30 cities.
In September, about 76.60 per cent of assets in B30 cities were in equity schemes and 9.12 per cent in balance schemes. At the same time, about 11.67 percent of the assets of B30 cities were in debt-focused schemes, while 30.39 percent of assets of T30 cities were in asset-focused schemes.
In September 2025, 27.52 percent of assets in B30 cities are being held by individual investors, while the remaining 4.93 percent of assets are being held by institutional investors.
The report noted that in September 2024, 26.94 percent of assets were held by individual investors in B30 cities and 4.82 percent of institutional assets were held in B30 locations.
According to the report, by September 2025, about 27.37 per cent of retail investors opted for direct investment, while 65.30 per cent of retail investors came through non-affiliated distributors.
About 28.90 per cent of the assets of high net worth individuals (HNIs) were directly invested. Additionally, 47.70 percent of the mutual fund industry’s assets were directly invested, and 45.96 percent came from non-affiliated distributors.
–IANS
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