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Maharashtra, New Delhi and Gujarat contribute 57% to total MF assets, shows AMFI data. Of the total average AUM of Rs. 40.76 lakh crore as on December 2022, these states individually contribute Rs. 17.04 lakh crore (42%), Rs. 3.45 lakh crore (8%) and Rs. 2.81 lakh crore (7%).
Further, Maharashtra’s humungous contribution also gives western India a lead over other regions. While the western region constitutes 51% of industry assets, northern and southern India form 19% and 15% respectively. The contribution of other regions is less than 10%.
* Total Industry average AUM as on Dec 2022 is Rs. 40.76 lakh crore
West (51.02%) - After Maharashtra (41.81%), Gujarat, Rajasthan and Goa contribute the next highest share of 6.89%, 1.74% and 0.58%, respectively.
North (18.76%) - With a share of 8.47% in total assets, New Delhi takes the lead here. Other states - Uttar Pradesh, Haryana, Punjab, Uttarakhand, Himachal Pradesh and Jammu Kashmir manage 4.35%, 4.00%, 1.16%, 0.42%, 0.23% and 0.13%, respectively.
South (15.22%) - Karnataka, Tamil Nadu, Telangana, Andhra Pradesh, Kerala and Andaman and Nicobar Island manage 6.82%, 4.53%, 1.41%, 1.26%, 1.18% and 0.01% of industry assets.
East (8.09%) - West Bengal, Jharkhand, Orissa and Bihar account for 5.24%, 1.03%, 0.91% and 0.91% respectively.
Central (2.01%) - Madhya Pradesh and Chhattisgarh contribute 1.44% and 0.57% to the total assets, respectively.
North East (0.76%) - The state-wise contribution here is less than 1% - Assam (0.52%), Meghalaya (0.07%), Nagaland (0.04%), Tripura (0.04%), Sikkim (0.03%), Arunachal Pradesh (0.02%), Manipur (0.02%) and Mizoram (0.02%).
State-wise Average AUM
* Total Industry average AUM as on Dec 2022 is Rs. 40.76 lakh crore
