AUMs nearly double in last 4 years, but B15 cities still lag
Though the beyond B15 market is about 53 per cent (35,584 registered independent financial advisors or IFAs), only a third of them are productive which may be defined as having average assets of more than Rs 50 lakh.
Jul 01, 2015, 21:25 PM ISTMF asset base from smaller cities up 36% at Rs 1.89 lakh cr
Industry experts attributed the increase in contributions from B15 cities to huge compensation given to distributors, investor awareness and education programmes by MFs as well as incentive schemes launched by capital markets regulator Sebi.
May 03, 2015, 11:04 AM IST