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An analysis of industry AUM shows Maharashtra, New Delhi and Karnataka are the top three states in terms of MF assets as on June 2023. Interestingly, these three states account for 60% of the total MF assets.
Maharashtra has the highest MF AUM with a contribution of Rs.19 lakh crore. The commercial capital of India contributed 42% of the total MF AUM which stood at Rs.45 lakh crore as on June 2023.
New Delhi, Karnataka and Gujarat were the next in the list with MF assets of Rs.4 lakh crore (New Delhi) and Rs.3 lakh crore each for Karnataka and Gujarat. While New Delhi contributed 9% to the total average AUM, Karnataka and Gujarat account for 7% each of the total average AUM.
Among other states in the top ten list are West Bengal, Tamil Nadu, Uttar Pradesh, Haryana, Rajasthan and Madhya Pradesh.
Let’s look at the table to know average AUM of states:
|
State/ Union Territories |
Average AUM (in crores) |
Average share in AUM% |
|
Maharashtra |
18,99,533 |
42% |
|
New Delhi |
3,99,530 |
9% |
|
Karnataka |
3,07,112 |
7% |
|
Gujarat |
3,06,309 |
7% |
|
West Bengal |
2,30,148 |
5% |
|
Tamil Nadu |
2,04,628 |
5% |
|
Uttar Pradesh |
1,94,269 |
4% |
|
Haryana |
1,42,486 |
3% |
|
Rajasthan |
78,463 |
2% |
|
Madhya Pradesh |
64,123 |
1% |
|
Telangana |
63,463 |
1% |
|
Andhra Pradesh |
57,030 |
1% |
|
Punjab |
51,310 |
1% |
|
Kerala |
50,734 |
1% |
|
Jharkhand |
44,767 |
1% |
|
Orissa |
41,766 |
1% |
|
Bihar |
40,114 |
1% |
|
Chhattisgarh |
26,551 |
1% |
|
Goa |
25,450 |
1% |
|
Assam |
22,938 |
1% |
|
Uttarakhand |
19,004 |
0.4% |
|
Chandigarh |
13,194 |
0.29% |
|
Himachal Pradesh |
10,180 |
0.22% |
|
Jammu and Kashmir |
5,648 |
0.13% |
|
Meghalaya |
3,084 |
0.07% |
|
Pondicherry |
2,610 |
0.06% |
|
Tripura |
1,638 |
0.037% |
|
Sikkim |
1,616 |
0.036% |
|
Nagaland |
1,520 |
0.034% |
|
Mizoram |
1,149 |
0.026% |
|
Arunachal Pradesh |
1,011 |
0.023% |
|
Manipur |
819 |
0.018% |
|
Dadra and Nagar Haveli |
705 |
0.016% |
|
Andaman and Nicobar Islands |
664 |
0.015% |
|
Daman and Diu |
495 |
0.011% |
|
Lakshadweep |
40 |
0.0008% |
|
Total |
44,82,313 |
|
