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Mumbaites are the biggest investors in mutual funds
Aug 9, 2012

As SEBI contemplates re-introduction of entry loads for mutual funds to penetrate into newer markets, even the top metro cities seem to be grossly under penetrated. As per data from Economic Times, excluding Mumbai which corners nearly 45% of the share of mutual fund assets under management, the other metros together account for barely 30%. Such gross under penetration of financial products seems to be the key reason for Indian households' low exposure to financial products.

Data source: Economic Times

This Chart Of The Day was published in The 5 Minute WrapUp - Is this sector the new Kingfisher?

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