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India's small-town investors piling in as stocks soar

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Published Mon, May 22, 2017 · 09:50 PM

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    Mumbai

    INDIA'S stock market boom is fanning out to the country's hinterland.

    Flows into mutual funds from towns outside India's 15 biggest cities surged 41 per cent to a record 3.1 trillion rupees (S$66.4 billion) at the end of March, according to the latest data from the Association of Mutual Funds in India (AMFI). And half of this money flowed into equity funds.

    IndiaBonds

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