Mutual fund assets from small cities up 13.5% 
According to Association of Mutual Funds of India (AMFI) data, the contribution of B15 cities to mutual funds' asset base surged 13.5% to ₹2.14 lakh crore in the first nine months of the ongoing fiscal. 'B15' refers to small towns and cities beyond the top-15 cities of India. Currently, mutual fund houses manage total assets worth over ₹12.74 lakh crore.