AMFI ‘Mutual Funds Sahi Hai’ campaigns seems to have started bearing fruit.
Among the top 10 states in terms of AAUM, Uttar Pradesh recorded the fastest growth in assets, adding Rs. 24,604 crore as on June 2018. Similarly, small states and union territories have recorded the fastest increase in assets in the last one y the top 20 states in terms of AAUM, Chhattisgarh saw fastest increase in its assets growing at a rate of 46% compared to June 2017.
Barring Goa that saw its AAUM shrinking by 41% falling to Rs.15,837 crore in the past one year, all states recorded a growth in their asset base. This widespread increase in mutual AUM is a heartening trend.
Similarly, union territories such as Daman and Diu and Andaman and Nicobar Islands recorded the highest growth in its assets growing by 112% and 86%, respectively.
Not surprisingly, major chunk of mutual fund investments continue to come from Maharashtra. AMFI data shows that the state’s contribution to MF industry’s AAUM stood at Rs. 9.87 lakh crore as on June 2018. New Delhi (Rs. 2.34 lakh crore), Karnataka (Rs. 1.64 lakh crore), Gujarat (Rs. 1.57 lakh crore) and West Bengal (Rs. 1.24 lakh crore) follow Maharashtra in absolute size.
State-wise average AUM for the industry
|
S.no |
Name of the States/ Union Territories |
AAUM (Rs. crore) June 2018 |
AAUM (Rs. crore) June 2017 |
Increase |
Percentage increase |
|
1 |
Maharashtra |
986622 |
828062 |
158560 |
19% |
|
2 |
New Delhi |
233940 |
213735 |
20205 |
9% |
|
3 |
Karnataka |
163973 |
143851 |
20122 |
14% |
|
4 |
Gujarat |
156861 |
120746 |
36114 |
30% |
|
5 |
West Bengal |
124304 |
105501 |
18803 |
18% |
|
6 |
Haryana |
111623 |
93949 |
17674 |
19% |
|
7 |
Tamil Nadu |
107996 |
89548 |
18448 |
21% |
|
8 |
Uttar Pradesh |
92746 |
68141 |
24604 |
36% |
|
9 |
Others |
64980 |
62931 |
2049 |
3% |
|
10 |
Rajasthan |
44207 |
43801 |
406 |
1% |
|
11 |
Telangana |
37673 |
27669 |
10004 |
36% |
|
12 |
Andhra Pradesh |
34217 |
28573 |
5644 |
20% |
|
13 |
Madhya Pradesh |
27476 |
19349 |
8127 |
42% |
|
14 |
Punjab |
26823 |
21464 |
5359 |
25% |
|
15 |
Kerala |
24042 |
19252 |
4790 |
25% |
|
16 |
Orissa |
18488 |
16366 |
2122 |
13% |
|
17 |
Jharkhand |
17750 |
12624 |
5125 |
41% |
|
18 |
Goa |
15837 |
26708 |
-10871 |
-41% |
|
19 |
Bihar |
15708 |
11265 |
4443 |
39% |
|
20 |
Chhattisgarh |
12063 |
8255 |
3808 |
46% |
|
21 |
Assam |
10098 |
8124 |
1974 |
24% |
|
22 |
Uttarakhand |
7688 |
5511 |
2176 |
39% |
|
23 |
Chandigarh |
7369 |
5697 |
1672 |
29% |
|
24 |
Himachal Pradesh |
4155 |
2839 |
1316 |
46% |
|
25 |
Jammu and Kashmir |
2529 |
1769 |
760 |
43% |
|
26 |
Meghalaya |
1664 |
1568 |
96 |
6% |
|
27 |
Pondicherry |
1202 |
931 |
270 |
29% |
|
28 |
Tripura |
1140 |
854 |
286 |
33% |
|
29 |
Sikkim |
962 |
917 |
45 |
5% |
|
30 |
Arunachal Pradesh |
648 |
444 |
205 |
46% |
|
31 |
Nagaland |
601 |
460 |
141 |
31% |
|
32 |
Manipur |
399 |
318 |
81 |
26% |
|
33 |
Daman and Diu |
386 |
182 |
204 |
112% |
|
34 |
Mizoram |
327 |
287 |
40 |
14% |
|
35 |
Andaman and Nicobar Islands |
309 |
166 |
143 |
86% |
|
36 |
Dadra and Nagar Haveli |
228 |
154 |
74 |
48% |
|
37 |
Lakshadweep |
7 |
6 |
1 |
15% |
|
|
Total |
2357040 |
1992019 |
365021 |
18% |
Source: AMFI
In the last one year (ending June 2018), Maharashtra added Rs. 1.27 lakh crore of equity assets. Gujarat (Rs. 25,419 crore) and West Bengal (Rs. 20,781 lakh crore) followed Maharashtra to become the top three states in terms of increase in equity AUM.
In terms of debt AAUM, Maharashtra (Rs. 32,118 crore), Gujarat (Rs. 10,691 crore) and Haryana (Rs. 8,280 crore) are the top three states. Overall, the industry recorded 41% growth in equity AAUM and 5% growth in debt AAUM contributing to 18% growth in industry’s assets.
State-wise increase in equity and debt AUM
|
Sr.No |
Name of the States/ Union Territories |
Increase in Equity AAUM (June, 2017 to June, 2018) (Rs. crore) |
Increase in Debt AAUM (June, 2017 to June, 2018) (Rs. crore) |
||
|
|
|
Absolute |
Percentage |
Absolute |
Percentage |
|
1 |
Maharashtra |
127035 |
50% |
32118 |
6% |
|
2 |
Gujarat |
25419 |
46% |
10691 |
16% |
|
3 |
West Bengal |
20781 |
48% |
-1982 |
-3% |
|
4 |
Karnataka |
18283 |
34% |
1871 |
2% |
|
5 |
Uttar Pradesh |
17470 |
47% |
7121 |
23% |
|
6 |
Tamil Nadu |
15610 |
45% |
2853 |
5% |
|
7 |
New Delhi |
14947 |
18% |
5290 |
4% |
|
8 |
Haryana |
9398 |
43% |
8280 |
12% |
|
9 |
Telangana |
5805 |
53% |
4213 |
25% |
|
10 |
Rajasthan |
5739 |
40% |
-5336 |
-18% |
|
11 |
Madhya Pradesh |
5593 |
46% |
2528 |
36% |
|
12 |
Andhra Pradesh |
5458 |
38% |
184 |
1% |
|
13 |
Kerala |
4937 |
46% |
-143 |
-2% |
|
14 |
Punjab |
4661 |
41% |
695 |
7% |
|
15 |
Bihar |
3467 |
43% |
955 |
30% |
|
16 |
Jharkhand |
3457 |
38% |
1662 |
48% |
|
17 |
Orissa |
3365 |
46% |
-1246 |
-14% |
|
18 |
Others |
3043 |
8% |
-979 |
-4% |
|
19 |
Chhattisgarh |
2277 |
51% |
1528 |
40% |
|
20 |
Goa |
2239 |
33% |
-13089 |
-66% |
|
21 |
Assam |
1998 |
55% |
-26 |
-1% |
|
22 |
Uttarakhand |
1595 |
48% |
580 |
26% |
|
23 |
Chandigarh |
1451 |
43% |
221 |
10% |
|
24 |
Himachal Pradesh |
845 |
58% |
471 |
34% |
|
25 |
Jammu and Kashmir |
615 |
52% |
145 |
25% |
|
26 |
Pondicherry |
268 |
44% |
2 |
1% |
|
27 |
Tripura |
262 |
106% |
24 |
4% |
|
28 |
Meghalaya |
217 |
33% |
-121 |
-13% |
|
29 |
Sikkim |
196 |
60% |
-151 |
-26% |
|
30 |
Nagaland |
129 |
51% |
11 |
5% |
|
31 |
Andaman and Nicobar Islands |
129 |
130% |
14 |
20% |
|
32 |
Manipur |
89 |
52% |
-8 |
-6% |
|
33 |
Dadra and Nagar Haveli |
77 |
61% |
-3 |
-12% |
|
34 |
Arunachal Pradesh |
71 |
43% |
134 |
48% |
|
35 |
Daman and Diu |
69 |
49% |
135 |
336% |
|
36 |
Mizoram |
50 |
117% |
-10 |
-4% |
|
37 |
Lakshadweep |
1 |
31% |
0 |
-5% |
|
|
Total |
307045 |
41% |
58630 |
5% |
Source: AMFI
