New Delhi, Sep 24 (IANS) The locations beyond the top 30 cities in India (B30 locations) contributed 18 per cent or Rs 14.14 trillion assets of the mutual fund industry till August, a report said on Wednesday.

Assets from B30 locations decreased from Rs 14.20 trillion in July to Rs 14.14 trillion in August 25, representing a marginal dip of 0.4 per cent. However, year-on-year, the same rose by 16 per cent. Meanwhile, assets from the top 30 cities (T30 locations) also grew 16 per cent on a year-on-year (YoY) basis in the month.

B30 locations tend towards equity assets as nearly 76.49 per cent of the assets from these locations are in equity schemes and 9.19 per cent in balanced schemes, ICRA Analytics said in a report.

At the same time, close to 11.81 per cent of the assets from the B30

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