What is T30 in Mutual Funds? Complete List of T30 Cities in 2024 by AMFI.

Delve into the integral role played by T30 cities in India’s mutual fund industry, as classified by AMFI, and their impact on Assets Under Management (AUM).

What are T30 cities in Mutual funds?

T30 refers to a list of the top 30 cities by geography from where Mutual funds are getting maximum inflows either in the form of Monthly SIPs or Lumpsum investments.

The T30 cities, as identified by AMFI, are pivotal in shaping the mutual fund landscape in India. These cities form the core of the industry’s growth and investment concentration.

The Dynamics of T30 Cities

• SEBI’s T30 classification highlights the top 30 cities that are central to mutual fund investments in India.
• AMFI annually reviews and publishes the T30 list, reflecting the evolving financial market trends.

T30 contains almost all the major metro cities such as Mumbai, Delhi, Bangalore, Kolkata etc. And as the investors are tech savvy and are financially more vigilant, there are no extra incentives for Top Mutual fund distributors to bring in more AUM or new investors from these cities.

Complete list of T30 cities by AMFI in 2024

Here is the list of T30 cities as per AMFI:

Table: AUM in Key T30 Cities (As of December 2017)

The Importance of AUM in T30 Cities

• T30 cities hold 88.16% of India’s total mutual fund AUM.
• The AUM growth in these cities indicates the concentration and momentum of the mutual fund sector.

Growth Insights from T30 Cities

• These cities showcase significant AUM growth, with Mumbai at the forefront.
• Chennai and Pune have witnessed remarkable growth, emphasizing the expanding mutual fund market.

Conclusion: T30 cities are crucial in the mutual fund sector, providing insights for investors and fund managers. AMFI’s regular updates on these cities are vital for understanding market trends and investment strategies.