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Maharashtra, Gujarat and New Delhi are the top three states in terms of average equity AUM, shows the latest AMFI data. Equity comprises total equity assets across pure equity funds, hybrid funds and ELSS.
As on December 2022, they individually manage Rs. 6.14 lakh crore, Rs. 1.80 lakh crore and Rs. 1.62 lakh crore of equity assets.
Karnataka, West Bengal, Uttar Pradesh and Tamil Nadu manage the next highest quantum of average equity AUM i.e. Rs. 1.61 lakh crore, Rs. 1.37 lakh crore, Rs. 1.35 lakh crore and Rs. 1.02 lakh crore, respectively.
Notably, these are the only seven states/UTs that have assets over Rs. 1 lakh crore.
Also, Nagaland (Rs. 780 crore), Arunachal Pradesh (Rs. 756 crore), Manipur (Rs. 616 crore), Andaman and Nicobar Islands (Rs. 498 crore) and Mizoram (Rs. 336 crore) are the only five states that have less than Rs. 1,000 crore of equity assets.
In percentage terms, Manipur deploys 88% of its total assets in equity mutual funds, the highest amongst other states/UTs. Arunachal Pradesh (84%), Jammu and Kashmir (84%), Andaman and Nicobar Islands (83%) and Tripura (83%) follow next.
Here is a tabulation of state-wise/UT-wise equity average AUM and its share in the total assets of that specific state/UT.
