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A state-wise analysis of average AUM as on April 2023 shows that Maharashtra tops in terms of equity assets. Of the total average AUM of Rs. 17.33 lakh crore, the state has Rs. 6.24 lakh crore in equity assets.
Following Maharashtra, with an equity asset base of Rs. 1.79 lakh crore, Gujarat has the next highest proportion of these assets.
Besides, the top two, five more states manage equity assets of over Rs. 1 lakh crore. These are New Delhi (Rs. 1.62 lakh crore), Karnataka (Rs. 1.61 lakh crore), Uttar Pradesh (Rs. 1.37 lakh crore), West Bengal (Rs. 1.36 lakh crore) and Tamil Nadu (Rs. 1.02 lakh crore).
In percentage terms, six states/Union Territories have over 80% of their average AUM in equity assets - Jammu and Kashmir (84%), Manipur (84%), Tripura (83%),
Andaman and Nicobar Islands (83%), Jharkhand (82%) and Bihar (82%).
Overall, 31 states/UTs manage Rs. 39.76 lakh crore of MF assets, of which 50% or Rs. 19.95 lakh crore are in equity.
Here are the state-wise details of average AUM. Figures mentioned are in crore.
|
States/ Union Territories |
Total AAUM |
% Equity AAUM |
Equity AAUM |
|
Maharashtra |
17,33,300 |
36% |
6,23,988 |
|
Gujarat |
2,83,700 |
63% |
1,78,731 |
|
New Delhi |
3,86,000 |
42% |
1,62,120 |
|
Karnataka |
2,83,400 |
57% |
1,61,538 |
|
Uttar Pradesh |
1,82,800 |
75% |
1,37,100 |
|
West Bengal |
2,13,400 |
64% |
1,36,576 |
|
Tamil Nadu |
1,92,200 |
53% |
1,01,866 |
|
Haryana |
1,34,300 |
50% |
67,150 |
|
Rajasthan |
71,400 |
76% |
54,264 |
|
Madhya Pradesh |
59,400 |
78% |
46,332 |
|
Andhra Pradesh |
53,500 |
71% |
37,985 |
|
Kerala |
46,800 |
79% |
36,972 |
|
Telangana |
59,100 |
62% |
36,642 |
|
Punjab |
48,200 |
76% |
36,632 |
|
Jharkhand |
41,600 |
82% |
34,112 |
|
Bihar |
37,400 |
82% |
30,668 |
|
Orissa |
37,100 |
73% |
27,083 |
|
Chhattisgarh |
24,000 |
79% |
18,960 |
|
Goa |
23,900 |
71% |
16,969 |
|
Assam |
21,500 |
77% |
16,555 |
|
Uttarakhand |
17,600 |
79% |
13,904 |
|
Himachal Pradesh |
9,700 |
74% |
7,178 |
|
Jammu and Kashmir |
5,200 |
84% |
4,368 |
|
Meghalaya |
2,900 |
66% |
1,914 |
|
Tripura |
1,500 |
83% |
1,245 |
|
Sikkim |
1,500 |
68% |
1,020 |
|
Nagaland |
1,500 |
53% |
795 |
|
Arunachal Pradesh |
1,000 |
78% |
780 |
|
Manipur |
800 |
84% |
672 |
|
Andaman and Nicobar Islands |
600 |
83% |
498 |
|
Mizoram |
800 |
45% |
360 |
|
Total |
39,76,100 |
50% |
19,94,977 |
|
* Total industry AAUM as on April 2023 is Rs. 41.53 lakh crore |
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