Mutual fund assets are skewed towards top three states, shows the latest AMFI data.
The top three states by AUM – Maharashtra, New Delhi and Gujarat account for 57% of the total MF industry’s AUM as on March 2021.
An analysis of state wise contribution to the total AAUM of the mutual fund industry shows that Maharashtra has contributed 41% to the total assets of the MF industry with Rs.13.32 lakh crore as on March 2021.
New Delhi and Gujarat ranked second and third in terms of assets contribution. While New Delhi has contributed Rs.3.05 lakh crore (9.48%), Gujarat accounted for 7% of the total assets with Rs.2.16 lakh crore.
Next in line were Karnataka which contributed Rs.2.12 lakh crore, West Bengal Rs.1.66 lakh crore and Tamil Nadu Rs.1.42 lakh crore.
Meanwhile, the data suggests that north eastern states like Manipur, Mizoram, Arunachal Pradesh, Tripura, Sikkim, Nagaland and Meghalaya have lowest contribution in the MF assets.
State wise contribution to total industry AAUM
|
Name of the States/ Union Territories |
AAUM (Rs. crore) March 2021 |
% share in total AAUM |
|
Maharashtra |
1332700 |
41.42% |
|
New Delhi |
305000 |
9.48% |
|
Gujarat |
216200 |
6.72% |
|
Karnataka |
212700 |
6.61% |
|
West Bengal |
166000 |
5.16% |
|
Tamil Nadu |
142200 |
4.42% |
|
Haryana |
135700 |
4.22% |
|
Uttar Pradesh |
129200 |
4.02% |
|
Rajasthan |
53900 |
1.68% |
|
Telangana |
49600 |
1.54% |
|
Madhya Pradesh |
42300 |
1.31% |
|
Andhra Pradesh |
40900 |
1.27% |
|
Punjab |
34300 |
1.07% |
|
Kerala |
33300 |
1.04% |
|
Jharkhand |
29300 |
0.91% |
|
Orissa |
29100 |
0.90% |
|
Bihar |
25500 |
0.79% |
|
Goa |
18500 |
0.58% |
|
Chhattisgarh |
17300 |
0.54% |
|
Assam |
15600 |
0.48% |
|
Uttarakhand |
11700 |
0.36% |
|
Himachal Pradesh |
7200 |
0.22% |
|
Jammu and Kashmir |
3800 |
0.12% |
|
Meghalaya |
2500 |
0.08% |
|
Nagaland |
1200 |
0.04% |
|
Sikkim |
1200 |
0.04% |
|
Tripura |
1200 |
0.04% |
|
Arunachal Pradesh |
800 |
0.02% |
|
Mizoram |
600 |
0.02% |
|
Manipur |
600 |
0.02% |
|
Andaman and Nicobar Islands |
500 |
0.02% |
