Rural MF investors rise; B-30 leads SIP count with 42 million accounts

The top 30 cities with the highest MF investments are referred to as T-30, while the rest of the country falls under the B-30 classification

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