AMFI T30 and B30 city categorisation

Tue, 12 May 2026 00:00:00 +0000

The T30/B30 city categorisation is a geographic classification framework maintained by the Association of Mutual Funds in India (AMFI) that divides Indian cities into two groups: the Top 30 cities (T30) by mutual fund assets under management, and the Beyond 30 cities (B30) comprising all other cities and towns. The framework underpins a differential incentive structure for ARN-registered mutual fund distributors who mobilise investments from B30 locations, and it provides SEBI and AMFI with a standardised tool for monitoring the geographic distribution of mutual fund investor participation across India.

B30/T30 incentive framework, Indian mutual funds

Tue, 12 May 2026 00:00:00 +0000

The B30/T30 incentive framework is the SEBI-mandated mechanism that permits mutual fund asset management companies (AMCs) to charge an additional component of the Total Expense Ratio (TER) on inflows sourced from cities and towns beyond the 30 most industrially and financially developed urban centres in India (the “T30” or top 30 cities), with the incremental revenue earmarked for additional distributor commissions to encourage geographic penetration into smaller cities (the “B30” or beyond 30 cities). The framework was introduced in its current form through SEBI circular SEBI/HO/IMD/DF2/CIR/P/2018/137 dated 22 October 2018 (effective 1 April 2019), building on earlier B15/T15 provisions. It is anchored in Regulation 52 of the SEBI (Mutual Funds) Regulations, 1996 and administered by the SEBI Investment Management Department .

Financial Inclusion on WebNotes

AMFI T30 and B30 city categorisation

B30/T30 incentive framework, Indian mutual funds