T30/B30 categorisation in Indian mutual funds

Tue, 19 May 2026 00:00:00 +0000

T30/B30 is the AMFI geographic categorisation that distinguishes the top 30 cities (T30) from beyond the top 30 cities (B30) for mutual fund distribution incentive purposes. The categorisation is a SEBI-recognised framework that drives higher TER (expense ratio) allowance for B30 inflows, designed to incentivise AMCs and distributors to drive mutual fund penetration in smaller Indian towns and rural India.

For Indian retail investors, T30/B30 is relevant indirectly:

B30 mutual fund schemes may carry slightly higher TER (per SEBI TER framework ).
Distributors in B30 cities earn higher commission, encouraging service in tier-2 and tier-3 towns.
The framework reflects SEBI’s broader financial-inclusion objective.

Framework

T30 cities

The top 30 cities by AUM (per AMFI monthly AUM data ) constitute T30. The list is updated periodically; recent examples include:

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.

T30 on WebNotes

T30/B30 categorisation in Indian mutual funds

Framework

T30 cities

AMFI T30 and B30 city categorisation