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An analysis of the state wise average AUM per folio in mutual funds shows that New Delhi, Goa and Maharashtra are the top three states in terms of the highest average AUM per folio as on September 2023. These states have average AUM per folio of Rs.2 lakh, Rs.1.80 lakh and Rs.1.60 lakh, respectively.
Interestingly, these are the only three states that have an average AUM per folio of over Rs.1 lakh.
Average AUM per folio of each state is calculated by dividing the total AUM of a state or UT and the total number of folios in the state.
The analysis shows that Haryana and Karnataka and Gujarat take the next three spots with an average AUM per folio of Rs. 53,000 Rs. 49,000and 48,000, respectively.
Interestingly, smaller states and UTs like Sikkim and Andaman and Nicobar have also made it to the list of top ten states/UTs with the highest average AUM per folio. Let’s look at the top ten states in terms of the AUM per folio.
|
S.no |
Name of the States/ Union Territories |
Average AUM per capita |
|
1 |
New Delhi |
2,05,100 |
|
2 |
Goa |
1,76,720 |
|
3 |
Maharashtra |
1,58,970 |
|
4 |
Haryana |
52,770 |
|
5 |
Karnataka |
49,810 |
|
6 |
Gujarat |
48,400 |
|
7 |
Tamil Nadu |
29,370 |
|
8 |
Sikkim |
26,800 |
|
9 |
West Bengal |
25,770 |
|
10 |
Andaman and Nicobar Islands |
23,430 |
Average AUM to GDP Ratio
In terms of average AUM with respect to percentage of state’s GDP or AUM to GDP ratio, Maharashtra, New Delhi and Goa are the top three states/UTs.
Maharashtra has maintained the highest AUM to GDP ratio of 72%. New Delhi and Goa take the next two positions with AUM to GDP ratio of 45% and 36%, respectively. The average AUM to GDP ratio is the total assets of the state divided by its GDP.
Gujarat and West Bengal were the next two states with highest AUM to GDP ratio of 20% and 19%, respectively.
Interestingly, Jharkhand made it to the list of top 10 states/UTs in terms of AUM to GDP ratio. Let us look at the table to know more:
|
S.no |
States/ Union Territories |
Average AUM as the % of GDP |
|
1 |
Maharashtra |
72% |
|
2 |
New Delhi |
45% |
|
3 |
Goa |
36% |
|
4 |
Gujarat |
20% |
|
5 |
West Bengal |
19% |
|
6 |
Haryana |
17% |
|
7 |
Karnataka |
16% |
|
8 |
Jharkhand |
14% |
|
9 |
Uttar Pradesh |
12% |
|
10 |
Tamil Nadu |
11% |
Here is the complete list of states based on average AUM per folio and AUM to GDP ratio as on September2023.
|
States/ Union Territories |
Average AUM per capita |
Average AUM as the % of GDP |
|
New Delhi |
2,05,100 |
45% |
|
Goa |
1,76,720 |
36% |
|
Maharashtra |
1,58,970 |
72% |
|
Haryana |
52,770 |
17% |
|
Karnataka |
49,810 |
16% |
|
Gujarat |
48,400 |
20% |
|
Tamil Nadu |
29,370 |
11% |
|
Sikkim |
26,800 |
5% |
|
West Bengal |
25,770 |
19% |
|
Andaman and Nicobar Islands |
23,430 |
7% |
|
Uttarakhand |
18,830 |
8% |
|
Punjab |
18,770 |
10% |
|
Telangana |
18,460 |
6% |
|
Kerala |
15,900 |
6% |
|
Himachal Pradesh |
15,360 |
6% |
|
Jharkhand |
12,900 |
14% |
|
Andhra Pradesh |
11,820 |
5% |
|
Rajasthan |
10,950 |
7% |
|
Mizoram |
10,950 |
7% |
|
Meghalaya |
10,470 |
9% |
|
Orissa |
10,160 |
7% |
|
Chhattisgarh |
9,800 |
8% |
|
Uttar Pradesh |
9,430 |
12% |
|
Arunachal Pradesh |
8,890 |
4% |
|
Madhya Pradesh |
8,410 |
6% |
|
Assam |
7,570 |
8% |
|
Nagaland |
7,100 |
5% |
|
Jammu and Kashmir |
4,710 |
3% |
|
Tripura |
4,510 |
3% |
|
Bihar |
3,650 |
7% |
|
Manipur |
2,930 |
3% |
