Adoption of mutual funds will increase manyfold in ‘Bharat’

Adoption of Mutual Funds will increase manyfold in “Bharat”, which is beyond Metros/Tier I cities. We have already seen that retail folios from B30 are almost 45% of the Industry and AUM contribution is now around 18-20%. Metros have large institutional clients, hence the AUM from metros will remain high says Semant Shukla, Chief Business Officer, JM Financial Asset Management.