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State-wise average AUM data for April 2023 shows that Maharashtra houses Rs. 11.09 lakh crore of non-equity assets, the highest among other states/UTs. This forms 64% of the state’s total asset base of Rs. 17.33 lakh crore.
New Delhi, Karnataka and Gujarat have the next largest non-equity asset base of Rs. 2.24 lakh crore, Rs. 1.22 lakh crore and Rs. 1.05 lakh crore, respectively.
Interestingly, only the above four states/UTs have non-equity assets of over Rs. 1 lakh crore though Tamil Nadu is not that far behind as it manages Rs. 90,334 crore of such assets.
Further analysis shows that apart from Maharashtra, three more states/UTs have 50% or more of their assets in non-equity funds. These include New Delhi (58%), Mizoram (55%) and Haryana (50%).
Overall, 31 states/UTs have an asset base of Rs.39.76 lakh crore of which 50% are non-equity assets.
Here are the region-wise details of average AUM as on April 2023. Figures mentioned are in crore.
|
State/Union Territory |
Total AAUM |
% Non-Equity AAUM |
Non-Equity AAUM |
|
Maharashtra |
17,33,300 |
64% |
11,09,312 |
|
New Delhi |
3,86,000 |
58% |
2,23,880 |
|
Gujarat |
2,83,700 |
37% |
1,04,969 |
|
Karnataka |
2,83,400 |
43% |
1,21,862 |
|
West Bengal |
2,13,400 |
36% |
76,824 |
|
Tamil Nadu |
1,92,200 |
47% |
90,334 |
|
Uttar Pradesh |
1,82,800 |
25% |
45,700 |
|
Haryana |
1,34,300 |
50% |
67,150 |
|
Rajasthan |
71,400 |
24% |
17,136 |
|
Madhya Pradesh |
59,400 |
22% |
13,068 |
|
Telangana |
59,100 |
38% |
22,458 |
|
Andhra Pradesh |
53,500 |
29% |
15,515 |
|
Punjab |
48,200 |
24% |
11,568 |
|
Kerala |
46,800 |
21% |
9,828 |
|
Jharkhand |
41,600 |
18% |
7,488 |
|
Bihar |
37,400 |
18% |
6,732 |
|
Orissa |
37,100 |
27% |
10,017 |
|
Chhattisgarh |
24,000 |
21% |
5,040 |
|
Goa |
23,900 |
29% |
6,931 |
|
Assam |
21,500 |
23% |
4,945 |
|
Uttarakhand |
17,600 |
21% |
3,696 |
|
Himachal Pradesh |
9,700 |
26% |
2,522 |
|
Jammu and Kashmir |
5,200 |
16% |
832 |
|
Meghalaya |
2,900 |
34% |
986 |
|
Nagaland |
1,500 |
47% |
705 |
|
Sikkim |
1,500 |
32% |
480 |
|
Tripura |
1,500 |
17% |
255 |
|
Arunachal Pradesh |
1,000 |
22% |
220 |
|
Mizoram |
800 |
55% |
440 |
|
Manipur |
800 |
16% |
128 |
|
Andaman and Nicobar Islands |
600 |
17% |
102 |
|
Total |
39,76,100 |
50% |
19,81,123 |
|
* Total industry AAUM as on April 2023 is Rs. 41.53 lakh crore |
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