Do you know which are the Top 30 Cities as per AMFI in 2022, i.e. what is the List of T30 Cities?
Do you know which are the B30 or Beyond 30 Cities as per AMFI in 2022, i.e. what is the List of B30 Cities?
SEBI had classified cities as ‘T30’ and ‘B30’ – where T stands for ‘top’ and B stands for ‘beyond’. So every year, the mutual fund body AMFI reviews and revises to issue the updated list of T30 Cities along with their pin codes
| 1 | MUMBAI is a T30 city as per AMFI |
| 2 | DELHI is a T30 city as per AMFI |
| 3 | BENGALURU is a T30 city as per AMFI |
| 4 | PUNE is a T30 city as per AMFI |
| 5 | KOLKATA is a T30 city as per AMFI |
| 6 | AHMEDABAD is a T30 city as per AMFI |
| 7 | CHENNAI is a T30 city as per AMFI |
| 8 | HYDERABAD is a T30 city as per AMFI |
| 9 | VADODARA is a T30 city as per AMFI |
| 10 | JAIPUR is a T30 city as per AMFI |
| 11 | SURAT is a T30 city as per AMFI |
| 12 | LUCKNOW is a T30 city as per AMFI |
| 13 | NAGPUR is a T30 city as per AMFI |
| 14 | KANPUR is a T30 city as per AMFI |
| 15 | NASIK is a T30 city as per AMFI |
| 16 | INDORE is a T30 city as per AMFI |
| 17 | COIMBATORE is a T30 city as per AMFI |
| 18 | PATNA is a T30 city as per AMFI |
| 19 | CHANDIGARH is a T30 city as per AMFI |
| 20 | BHOPAL is a T30 city as per AMFI |
| 21 | LUDHIANA is a T30 city as per AMFI |
| 22 | RAJKOT is a T30 city as per AMFI |
| 23 | UDAIPUR is a T30 city as per AMFI |
| 24 | BHUBANESHWAR is a T30 city as per AMFI |
| 25 | GUWAHATI is a T30 city as per AMFI |
| 26 | RANCHI is a T30 city as per AMFI |
| 27 | JAMSHEDPUR is a T30 city as per AMFI |
| 28 | DEHRADUN is a T30 city as per AMFI |
| 29 | VARANASI is a T30 city as per AMFI |
| 30 | AGRA is a T30 city as per AMFI |
Here is the T30 Cities List (2022). All other cities apart from the above ones are part of the List of B30 cities in India. For the latest list of Top 30 cities and the T30 PIN code list mapped to the Top 30 cities, please check this link on AMFI’s website.
As of May 2022, about 17% of the assets of the mutual fund industry came from B30 locations. The majority of 83% of assets come from the T30 cities. Also, B30 locations tend towards equity assets and 75% of the assets from B30 locations are in equity schemes (as of May 2022). The figures are lower for T30 locations, where equity-oriented schemes accounted for about 44% of the overall assets.
But what is the significance of this city-level segregation of MF AUM by AMFI? It is because SEBI wants the mutual fund industry to work towards increasing the penetration of mutual funds across India and not just in large cities. So the B30 Cities (cities beyond the top 30 cities) are put in a separate bucket and have their own B30 Commission Rules of Mutual Funds. In April 2018, to encourage large inflows from the B30 cities, the regulator allowed an additional 0.30% (or 30 basis points) expense ratio incentive to the commission earning MF distributors. For SEBI Registered Investment Advisors (Fee-Only SEBI RIAs), who do not earn any commissions from AMC, there is no difference between investors from B30 and T30 in general.
So if you were looking for answers to What is B30 and T30 in mutual funds in India (2022), then now you know that the T30 refers to the top 30 locations (or cities) in India and B30 refers to the locations beyond the top 30 cities.