Always had a thought, why are the metro cities earning the big money and not the rest of the part of the same country? The simple answer could be MINDSET. The mindset needs to change stop being a saver and start investing. The maximum a savings account can fetch you is a 6 % p.a. and the least a mutual fund will earn you is over and above same that of savings maximum rate. The contribution of AUM (assets under management) in the metro city is 72.92%. And the next top 105 cities contribution was mere 27.08%. The city like Pune contributed 3.93%, Ahmedabad 3.31%, Hyderabad 1.82%, and rest all the city in India contributed less than 1% individually. The level of knowledge regarding mutual fund in the rest of city other than metro should be wide spread. The below is the graphical distribution of city wise AUM.
The next 10 consist of city as in Ahmedabad, Pune, Hyderabad, Gurgaon, etc. While the next 20 consist of city as in Chandigarh, Ludhiana, Nagpur, Patna, etc. And the next 75 consist of Agra, Jalandhar, etc. Thus the simple thing the small city needs to start investing and take exposure to risk and earn the big perks which the metro cities are earning.
