An analysis of region-wise average Assets Under Management (AAUM) as on Dec 2021 by Cafemutual shows that mutual funds are highly concentrated in West India. Maharashtra alone manages Rs. 16.27 lakh crore of assets, which forms 42.90% of the industry’s AAUM of Rs. 37.92 lakh crore.
Talking about other states across India, no single state contributes more than 10%. Let us take a closer at these numbers.
Northern region
The north India accounts for 18% of the total industry average AUM. Five northern states - New Delhi, Uttar Pradesh, Haryana, Punjab, Uttarakhand, Himachal Pradesh and Jammu Kashmir contribute 8.42%, 4.20%, 4.05%, 1.09%, 0.36%, 0.23% and 0.12%, respectively.
Northeast region
The state-wise contribution is less than 1% - Assam (0.51%), Meghalaya (0.07%), Tripura (0.04%), Nagaland (0.04%), Sikkim (0.04%), Arunachal Pradesh (0.03%), Manipur (0.02%) and Mizoram (0.02%).
Eastern India
The east zone forms around 8% of industry AAUM. The share of West Bengal, Orissa, Jharkhand and Bihar stand at 5.12%, 0.94%, 0.93% and 0.85%, respectively.
South India
The overall contribution of Karnataka, Tamil Nadu, Telangana, Andhra Pradesh and Kerala is 15%. Individually, their share is 6.99%, 4.23%, 1.64%, 1.24% and 1.06%, respectively.
Western part
More than half (52%) of the industry assets are from the west zone. Maharashtra leads with a 42.90% share in industry assets, followed by Gujarat (6.85%), Rajasthan (1.69%) and Goa (0.57%).
Central India
Madhya Pradesh (1.33%) and Chhattisgarh (0.52%) add only a miniscule AUM to the industry.
An overall review shows, Maharashtra, New Delhi, Karnataka, Gujarat and West Bengal are the top-five states/UT in terms of AAUM. They collectively account for Rs. 26.64 lakh crore i.e. 70% of industry assets.
Here is the ranking. The figures mentioned are in crore.
|
Name of States/ Union Territories |
Dec 2021 AAUM |
% share in total AAUM |
|
Maharashtra |
16,26,500 |
42.90% |
|
New Delhi |
3,19,100 |
8.42% |
|
Karnataka |
2,64,900 |
6.99% |
|
Gujarat |
2,59,600 |
6.85% |
|
West Bengal |
1,94,100 |
5.12% |
|
Tamil Nadu |
1,60,400 |
4.23% |
|
Uttar Pradesh |
1,59,300 |
4.20% |
|
Haryana |
1,53,700 |
4.05% |
|
Rajasthan |
64,000 |
1.69% |
|
Telangana |
62,100 |
1.64% |
|
Madhya Pradesh |
50,500 |
1.33% |
|
Andhra Pradesh |
46,900 |
1.24% |
|
Punjab |
41,400 |
1.09% |
|
Kerala |
40,200 |
1.06% |
|
Orissa |
35,500 |
0.94% |
|
Jharkhand |
35,100 |
0.93% |
|
Bihar |
32,300 |
0.85% |
|
Goa |
21,600 |
0.57% |
|
Chhattisgarh |
19,900 |
0.52% |
|
Assam |
19,200 |
0.51% |
|
Uttarakhand |
13,800 |
0.36% |
|
Himachal Pradesh |
8,700 |
0.23% |
|
Jammu and Kashmir |
4,600 |
0.12% |
|
Meghalaya |
2,800 |
0.07% |
|
Tripura |
1,500 |
0.04% |
|
Nagaland |
1,500 |
0.04% |
|
Sikkim |
1,400 |
0.04% |
|
Arunachal Pradesh |
1,100 |
0.03% |
|
Manipur |
800 |
0.02% |
|
Mizoram |
600 |
0.02% |
|
Andaman and Nicobar Islands |
600 |
0.02% |
* Total AAUM as on Dec 2021 is Rs. 37.92 lakh crore
