What is your state’s rank based on MF assets per resident?

New Delhi, Goa and Maharashtra have the highest AUM per capita, respectively, among all the states and union territories (UTs) of India, shows AMFI data.

AUM per capita is the total AUM of the state or UT divided by the region’s population.

Maharashtra and New Delhi featuring in this table is not a surprise, because they are the top two states in terms of total AUM and account for 51% of the industry’s total AUM. Goa featured in this list because its population is not large but the tourists’ favourite state has a sizable MF AUM.   

While New Delhi’s per capita AUM stood at Rs.1.36 lakh, per capita AUM of Goa was at Rs.1.15 lakh and Maharashtra’s at Rs. 96,114. 

Besides Goa, Chandigarh and Sikkim do not feature among the regions that rank in the top 10 states and UTs based on AUM but they find a spot in the table of top 10 regions having the highest AUM per capita.

Apart from these five, Haryana, Karnataka, Gujarat, Tamil Nadu and West Bengal feature among the top 10 states based on AUM per capita. These states also feature among the top states in terms of total AUM.

Manipur, Bihar and Jammu & Kashmir feature at the bottom of the table in terms of AUM per capita. Manipur’s per capita AUM stood at Rs.1,577; Bihar’s at Rs.1,787 and Jammu & Kashmir’s at Rs.2,363. Manipur ranks at 31 in terms of total AUM while Bihar and Jammu & Kashmir feature at 17^th and 24^th spot respectively.  

One of the notable states in the bottom 10 states based on AUM per capita is Uttar Pradesh (UP). The state’s AUM per capita stood at Rs.5,172.

This is because with at 20 crore, UP has the highest population in India. However, the state is underpenetrated as the total AUM of the state stands at Rs.1,03,334 crore.