Maharashtrians, Gujaratis and Delhiites love equity funds.
AMFI data shows that Maharashtra, Gujarat and New Delhi are the top three states in terms of equity funds.
With Rs.4.72 lakh crore, Maharashtra has topped the list of states and UTs with highest equity fund AUM. Gujarat and New Delhi followed Maharashtra with assets of Rs.1.28 lakh crore and Rs.1.23 lakh crore, respectively. Overall, these three states account for half of the total equity assets in the industry.
Maharashtra, New Delhi, and Karnataka held the maximum assets under liquid/money market schemes, debt-oriented schemes as well as ETFs/FoFs. The rankings changed slightly in the equity category, where Maharashtra, Gujarat and New Delhi secured the top three places.
Here is the ranking of the top five states category-wise.
|
Equity-oriented Category |
ETFs/FoFs Category |
||||
|
Sr No |
State |
Asset Size |
Sr No |
State |
Asset Size |
|
(Rs. in crore) |
(Rs. in crore) |
||||
|
1 |
Maharashtra |
4,71,676 |
1 |
Maharashtra |
2,97,139 |
|
2 |
Gujarat |
1,27,583 |
2 |
New Delhi |
11,276 |
|
3 |
New Delhi |
1,22,931 |
3 |
Karnataka |
4,746 |
|
4 |
Karnataka |
1,18,527 |
4 |
West Bengal |
4,034 |
|
5 |
West Bengal |
99,844 |
5 |
Gujarat |
3,930 |
|
Liquid/Money Market Category |
Debt-oriented Category |
||||
|
Sr No |
State |
Asset Size |
Sr No |
State |
Asset Size |
|
(Rs. in crore) |
(Rs. in crore) |
||||
|
1 |
Maharashtra |
2,92,430 |
1 |
Maharashtra |
4,38,920 |
|
2 |
New Delhi |
68,767 |
2 |
New Delhi |
82,844 |
|
3 |
Karnataka |
37,250 |
3 |
Karnataka |
77,223 |
|
4 |
Tamil Nadu |
27,215 |
4 |
Gujarat |
73,450 |
|
5 |
Gujarat |
25,362 |
5 |
Haryana |
58,473 |
Talking about the scheme-wise composition of the top state (Maharashtra), liquid/money market schemes and debt-oriented schemes contributed 19% and 29% respectively to its asset base. Equity-oriented assets and ETFs/FoFs contributed 31% and 21%, respectively.
New Delhi held 24% of its assets in liquid/money market schemes, which also represents the highest that any state held in this category. Haryana held the maximum part of its assets (45%) in debt-oriented schemes. Equity-oriented schemes contribute significantly in most of the top 20 states, 76% being the maximum in Bihar.
Here is the scheme-wise breakup of the assets held by the top 20 states:
|
Sr No |
State |
Liquid/Money Market |
Debt-oriented |
Equity-oriented |
ETFs/FoFs |
|
1 |
Maharashtra |
19% |
29% |
31% |
21% |
|
2 |
New Delhi |
24% |
29% |
43% |
4% |
|
3 |
Karnataka |
16% |
32% |
50% |
2% |
|
4 |
Gujarat |
11% |
32% |
55% |
2% |
|
5 |
West Bengal |
13% |
29% |
57% |
1% |
|
6 |
Tamil Nadu |
19% |
29% |
50% |
2% |
|
7 |
Uttar Pradesh |
6% |
24% |
68% |
2% |
|
8 |
Haryana |
18% |
45% |
35% |
2% |
|
9 |
Rajasthan |
15% |
24% |
60% |
1% |
|
10 |
Telangana |
15% |
26% |
57% |
2% |
|
11 |
Madhya Pradesh |
9% |
22% |
69% |
0% |
|
12 |
Andhra Pradesh |
10% |
26% |
63% |
1% |
|
13 |
Punjab |
5% |
24% |
70% |
1% |
|
14 |
Kerala |
10% |
17% |
72% |
1% |
|
15 |
Orissa |
16% |
26% |
57% |
1% |
|
16 |
Jharkhand |
10% |
16% |
73% |
1% |
|
17 |
Bihar |
2% |
21% |
76% |
1% |
|
18 |
Goa |
7% |
27% |
64% |
2% |
|
19 |
Chhattisgarh |
12% |
19% |
69% |
0% |
|
20 |
Assam |
9% |
24% |
66% |
1% |
