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The MF industry AUM stood at Rs. 41.53 lakh crore as on April 2023, shows AMFI data. A region-wise analysis of this data reveals that close to 42% or Rs. 17.33 lakh crore has come from Maharashtra, making it the top state in terms of MF assets.
Notably, Maharashtra leads by a huge margin as other regions have less than 10% of industry assets.
While New Delhi houses the second-highest share of Rs. 3.86 lakh crore, Karnataka, Gujarat and West Bengal have the next largest asset base of over Rs. 2 lakh crore each.
Apart from these five regions, only three other states have more than Rs. 1 lakh crore of MF assets. These are Uttar Pradesh, Tamil Nadu and Haryana.
The analysis further shows north-eastern states of Manipur and Mizoram along with Andaman and Nicobar Islands have less than Rs. 1,000 crore of MF assets, the least amongst others.
Region-wise proportion of MF assets
|
States/ Union Territories |
April 2023 AAUM in crore |
% share in total AAUM |
|
Maharashtra |
17,33,300 |
41.74% |
|
New Delhi |
3,86,000 |
9.30% |
|
Karnataka |
2,83,400 |
6.82% |
|
Gujarat |
2,83,700 |
6.83% |
|
West Bengal |
2,13,400 |
5.14% |
|
Uttar Pradesh |
1,82,800 |
4.40% |
|
Tamil Nadu |
1,92,200 |
4.63% |
|
Haryana |
1,34,300 |
3.23% |
|
Rajasthan |
71,400 |
1.72% |
|
Telangana |
59,100 |
1.42% |
|
Madhya Pradesh |
59,400 |
1.43% |
|
Andhra Pradesh |
53,500 |
1.29% |
|
Punjab |
48,200 |
1.16% |
|
Kerala |
46,800 |
1.13% |
|
Orissa |
37,100 |
0.89% |
|
Jharkhand |
41,600 |
1.00% |
|
Bihar |
37,400 |
0.90% |
|
Goa |
23,900 |
0.58% |
|
Chhattisgarh |
24,000 |
0.58% |
|
Assam |
21,500 |
0.52% |
|
Uttarakhand |
17,600 |
0.42% |
|
Himachal Pradesh |
9,700 |
0.23% |
|
Jammu and Kashmir |
5,200 |
0.13% |
|
Meghalaya |
2,900 |
0.07% |
|
Tripura |
1,500 |
0.04% |
|
Nagaland |
1,500 |
0.04% |
|
Sikkim |
1,500 |
0.04% |
|
Arunachal Pradesh |
1,000 |
0.02% |
|
Manipur |
800 |
0.02% |
|
Mizoram |
800 |
0.02% |
|
Andaman and Nicobar Islands |
600 |
0.01% |
* Total AAUM as on April 2023 is Rs. 41.53 lakh crore
