The AUM growth in B30 cities in India has outpaced the growth in the T30 cities in the past 5 years. The equity cult and financialization of assets as a theme is picking up pace, it is evident as data shows that the mutual funds are moving beyond the top 15 cities, according to a press note on the Indian Mutual Fund industry by Franklin Templeton India Mutual Fund.

As per the industry data collated by the fund house, the share of B15 cities have risen from 25% in March 2020 to 35% in March 2025. The share of B30 AUM in Industry AUM increased from 16% in Dec 2020 to 18% in Apr 2025. Telangana (33.05%) and Haryana (27.86%) were among the top 10 states to contribute to AAUM in the past one year.

As per the industry data collated by the fund house, the share of B15 cities have risen from 25% in March 2020 to 35% in March 2025. The share of B30 AUM in Industry AUM increased from 16% in Dec 2020 to 18% in Apr 2025. Telangana (33.05%) and Haryana (27.86%) were among the top 10 states to contribute to AAUM in the past one year.

Investors preference remains for passive funds, as per data. The passive fund folios have grown 16X in the last five years, and nearly doubled since December 2021.