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  • MF News Maharashtrians, Delhiites and Gujaratis love equity mutual funds

    Maharashtrians, Delhiites and Gujaratis love equity mutual funds

    Amongst the top three states in terms of equity AUM, Maharashtra, Delhi and Gujarat have recorded the highest monthly growth in assets.
    Team Cafemutual Sep 21, 2018

    Maharashtra, New Delhi and Gujarat recorded the highest increase in equity AUM in August. These states have added Rs.22,255 crore of equity assets. Nearly 50% of these assets (Rs.14,169 crore) came from Maharashtra. 

    Amongst the top 20 states by equity AUM, Chhattisgarh (6.39%), Tamil Nadu (6.18%) and Orissa (6.01%) saw the fastest growth in equity assets.

    Even smaller states recorded 5-9% growth in their equity assets. Arunachal Pradesh (9.2%) and Manipur (7.6%) saw fastest asset growth. Overall, we observe widespread inflows in equity funds across the country. This trend indicates increasing awareness about equity funds among investors and their growing desire to participate in India’s growth story.

    State wise distribution of equity assets

    S.no

    Name of the States/ Union Territories

    Aug-18

    (Rs. crore)

    Jul-18

    (Rs. crore)

    Increase in AUM

    (Rs. crore)

    % increase

    1

    Maharashtra

    323658

    309489

    14169

    4.6%

    2

    New Delhi

    96295

    93611

    2684

    2.9%

    3

    Gujarat

    84924

    80722

    4202

    5.2%

    4

    Karnataka

    75934

    72050

    3883

    5.4%

    5

    West Bengal

    66250

    62974

    3276

    5.2%

    6

    Uttar Pradesh

    58244

    54965

    3279

    6.0%

    7

    Tamil Nadu

    52643

    49580

    3063

    6.2%

    8

    Others

    44286

    41404

    2882

    7.0%

    9

    Haryana

    33236

    31524

    1712

    5.4%

    10

    Rajasthan

    21501

    20392

    1110

    5.4%

    11

    Andhra Pradesh

    20777

    19866

    911

    4.6%

    12

    Madhya Pradesh

    19062

    18032

    1030

    5.7%

    13

    Telangana

    17647

    16656

    991

    6.0%

    14

    Punjab

    17175

    16287

    888

    5.5%

    15

    Kerala

    16713

    15833

    880

    5.6%

    16

    Jharkhand

    13450

    12726

    724

    5.7%

    17

    Bihar

    12226

    11576

    650

    5.6%

    18

    Orissa

    11426

    10778

    647

    6.0%

    19

    Goa

    9678

    9160

    518

    5.7%

    20

    Chhattisgarh

    7265

    6829

    436

    6.4%

    21

    Assam

    6035

    5688

    347

    6.1%

    22

    Uttarakhand

    5193

    4927

    265

    5.4%

    23

    Chandigarh

    5067

    4867

    199

    4.1%

    24

    Himachal Pradesh

    2503

    2349

    153

    6.5%

    25

    Jammu and Kashmir

    1875

    1811

    63

    3.5%

    26

    Pondicherry

    933

    885

    48

    5.4%

    27

    Meghalaya

    908

    863

    45

    5.2%

    28

    Sikkim

    565

    536

    29

    5.5%

    29

    Tripura

    556

    525

    30

    5.7%

    30

    Nagaland

    386

    366

    20

    5.5%

    31

    Manipur

    299

    278

    21

    7.6%

    32

    Arunachal Pradesh

    268

    245

    23

    9.2%

    33

    Andaman and Nicobar Islands

    243

    231

    11

    4.8%

    34

    Dadra and Nagar Haveli

    239

    230

    10

    4.2%

    35

    Daman and Diu

    226

    213

    13

    6.2%

    36

    Mizoram

    98

    93

    5

    5.2%

    37

    Lakshadweep

    5

    4

    0

    3.2%

     

    Total

    843450

    802348

    41102

    5.1%

     

     

    Synchronous to the trend in equity AUM, Maharashtra and New Delhi also bag top spots in terms of total AUM. However, Karnataka replaces Gujarat for the third spot in absolute terms.

    In the last one month, Maharashtra added assets to the tune of Rs. 36,500 crore. In the second place was Karnataka (Rs. 7,438 crore), followed by Gujarat (Rs. 5,581 crore). Despite New Delhi ranking higher in terms of total AUM, its monthly increase in assets was comparatively moderate.  

    In terms of growth in percentage terms, Tripura led the country with 13% growth in assets. However, the faster pace was because of low base. If we consider the top 20 states in terms of AUM, Orissa has recorded the fastest growth in assets of 9.9%.

    Overall, equity AUM grew by 5.1% and the total AUM grew by 3.1% during the period.     

    State-wise distribution of AUM

       

    Aug-18

    Jul-18

       

    S.no

    Name of the States/ Union Territories

    Total AUM  (Rs. crore)

    Total AUM  (Rs. crore)

    Increase

    % increase

    1

    Maharashtra

    1035604

    999104

    36500

    3.7%

    2

    New Delhi

    235890

    234738

    1151

    0.5%

    3

    Karnataka

    175965

    168527

    7438

    4.4%

    4

    Gujarat

    162495

    156915

    5581

    3.6%

    5

    West Bengal

    129546

    128505

    1041

    0.8%

    6

    Tamil Nadu

    116263

    110762

    5501

    5.0%

    7

    Haryana

    114108

    116323

    -2215

    -1.9%

    8

    Uttar Pradesh

    96189

    93942

    2246

    2.4%

    9

    Others

    69675

    67308

    2367

    3.5%

    10

    Rajasthan

    46859

    45336

    1523

    3.4%

    11

    Telangana

    41465

    38311

    3154

    8.2%

    12

    Andhra Pradesh

    35362

    34603

    759

    2.2%

    13

    Madhya Pradesh

    29599

    28247

    1352

    4.8%

    14

    Punjab

    28047

    27154

    893

    3.3%

    15

    Kerala

    24286

    24252

    34

    0.1%

    16

    Orissa

    21211

    19296

    1915

    9.9%

    17

    Jharkhand

    19312

    18251

    1061

    5.8%

    18

    Bihar

    16668

    15920

    747

    4.7%

    19

    Goa

    16478

    15944

    534

    3.3%

    20

    Chhattisgarh

    12920

    12155

    765

    6.3%

    21

    Assam

    10826

    10323

    503

    4.9%

    22

    Uttarakhand

    8091

    7760

    331

    4.3%

    23

    Chandigarh

    7651

    7494

    158

    2.1%

    24

    Himachal Pradesh

    4456

    4288

    168

    3.9%

    25

    Jammu and Kashmir

    2646

    2547

    99

    3.9%

    26

    Meghalaya

    1717

    1683

    34

    2.0%

    27

    Tripura

    1288

    1143

    145

    12.7%

    28

    Pondicherry

    1285

    1239

    46

    3.7%

    29

    Sikkim

    1096

    1103

    -7

    -0.7%

    30

    Arunachal Pradesh

    671

    637

    33

    5.2%

    31

    Nagaland

    628

    597

    32

    5.3%

    32

    Manipur

    435

    417

    18

    4.2%

    33

    Daman and Diu

    404

    385

    20

    5.1%

    34

    Mizoram

    326

    310

    16

    5.3%

    35

    Andaman and Nicobar Islands

    321

    318

    2

    0.7%

    36

    Dadra and Nagar Haveli

    281

    263

    18

    6.9%

    37

    Lakshadweep

    7

    7

    0

    1.3%

     

    Total

    2470070

    2396106

    73964

    3.1%

     

     

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