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Rural investors drive Gujarat to second spot in equity mutual fund assets
![IndiaTimes]()
Tuesday, 21 November 2023
Gujarat has become the state with the second-highest assets under management (AUM) in equity mutual funds in India, with an AUM of around Rs 1.95 lakh crore. Financial consultants attribute this trend to the increasing interest of rural and newly migrated investors in mutual funds, as well as the launch of new fund offers. The high equity AUM in Gujarat is also driven by young professionals, who are encouraging their family members to invest, and the easy accessibility of mobile applications for investment.
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Tuesday, 21 November 2023
