Smaller towns to drive wealth creation in next decade

Nagpur : Mahindra Mutual Fund, a wholly owned subsidiary of Mahindra and Mahindra Financial Services Limited (MMFSL) offers various savings and investment financial solution in both Equity and Debt for investors who are seeking to achieve their financial goals. Mr Ashutosh Bishnoi, MD & CEO, Mahindra Mutual Fund said, “We expect India’sGDP growth to be contributed by positive demographic dividend and improvement in consumption pattern from Rural India.Schemes offered by Mahindra Mutual Fund provides investors an opportunity to participate in India growth storyby investing in well diversified equity portfolio of fundamentally strong, and well-known companies. We believe the scheme offers an attractive long-term investment opportunity.

The smaller cities – tier II and tier III cities -- in the country are fast becoming drivers of growth in the country. Be it in terms of increased economic activities or consumption, smaller and, at times, little known cities are fast becoming engines of growth in the country. All these have led to a surge in prosperity in these cities and this is evident from the consumption patterns there. The improved prosperity in these cities has led to consumption boom there be it sales of consumer durables, automobiles or air travel, smaller cities are making significant contribution.

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