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  • MF News Delhi, Goa and Maharashtra have the highest MF penetration

    Delhi, Goa and Maharashtra have the highest MF penetration

    Ten states boast a double-digit MF AUM to GDP ratio.
    Team Cafemutual Feb 10, 2020

    The latest AMFI data shows that New Delhi, Goa, and Maharashtra were the top three states in terms of highest per capita AUM and AUM to GDP ratio as on December 2019.

    While New Delhi ranked first with highest per capital AUM of Rs.1.53 lakh, Goa and Maharashtra followed New Delhi with per capital AUM of Rs.1.16 lakh and Rs.99, 760 respectively. 

    Other states that have high per capital AUM were Chandigarh, Haryana, Karnataka, Gujarat, Tamil Nadu, Sikkim, and West Bengal. 

    Per capita AAUM in mutual funds is the total AUM of the state divided by the total number of folios.

    In terms of AAUM as a percentage of GDP, these three states topped the chart. While Maharashtra occupied the top spot with 66.5% AAUM as proportion of GDP, New Delhi and Goa followed Maharashtra with 56.7% and 35.8%, respectively.

    On the other hand, north-eastern states like Arunachal Pradesh, Tripura, Manipur, Mizoram and Nagaland were among the bottom 10 in terms of both AAUM as a percentage of GDP and per capita AAUM.

    List of states having highest per capita AUM and AUM as percentage of GDP

    State

    Per capita AUM 

    AUM as % of GDP

    New Delhi

    1,52,430

    56.7

    Goa

    1,16,161

    35.8

    Maharashtra

    99,760

    66.5

    Chandigarh

    74,261

    26.9

    Harayana

    48,869

    28.5

    Karnataka

    31,286

    27.2

    Gujarat

    30,679

    20.9

    Tamil Nadu

    18,745

    13.8

    Sikkim

    17,089

    -

    West Bengal

    15,692

    17.9

    Uttar Pradesh

    5,620

    11.5

    Nagaland

    4,991

    4.9

    Madhya Pradesh

    4,871

    -

    Assam

    4,053

    -

    Arunachal Pradesh

    4,021

    3.6

    Tripura

    3,500

    4.2

    Mizoram

    3,435

    3.1

    Jammu & Kashmir

    2,443

    3.5

    Bihar

    1,876

    4.9

    Manipur

    1,582

    2.7

    Pondicherry

     

    5.7

    Source: AMFI
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