Looking at ways to enhance your business & career? Log onto streetsahead.in to upgrade yourself!
SUBSCRIBE NEWSLETTER
MF News Goa – A small state with big mutual fund contribution

Goa – A small state with big mutual fund contribution

Goa gallops ahead of Maharashtra in terms of per capita AUM
Team Cafemutual Aug 2, 2018

India’s favourite holiday destination is also a frontrunner in terms of mutual fund penetration. In terms of per capita AAUM, Goa (Rs. 1.08 lakh) ranks second after New Delhi (Rs. 1.39 lakh) overtaking Maharashtra (Rs. 87,798) as per AMFI data for June 2018.  In the fourth and fifth places are Chandigarh (Rs. 69,852) and Haryana (Rs. 44,031).

However, Goa ranks third in terms of AAUM as a percentage of GDP (33.5%) behind Maharashtra (58.5%) and New Delhi (51.9%) in June 2018. Here too Haryana (25.6%) and Chandigarh (25.3%) complete the top five list in June 2018.   

North-eastern states lag the country in terms of mutual fund concentration with Tripura, Manipur, Nagaland and Mizoram coming in the bottom ten spots in terms of both AAUM as a percentage of GDP and per capita AAUM though Sikkim is an exception. Despite having no AMC branches, Sikkim  AAUM as a % of GDP stands at 7% while its per capita AAUM is over Rs. 15,000.

India’s mutual fund AUM to GDP ratio stood at 11% (as of December 2017). However, only nine Indian states viz. Maharashtra, New Delhi, Goa, Haryana, Chandigarh, Karnataka, Gujarat, West Bengal and Tamil Nadu have the ratio above 11% in June 2018.

Overall, out of the 29 states and 7 union territories, per capita AAUM is below Rs. 15,000 for all states except New Delhi, Goa, Maharashtra, Chandigarh, Haryana, Karnataka, Gujrat and Sikkim for the previous month.

Geographical distribution of AAUM as a percentage of GDP for June 2018

Source: AMFI

Geographical distribution of per capita AAUM as a percentage of GDP (Rs.) for June 2018

Source: AMFI

 

Click to clap
0 Comment
Be the first to comment.
Wish to stay on top of your game? Get daily tips, ideas and articles to grow your business.
Subscribe to Cafemutual Newsletter.