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AMFI data shows that Maharashtra, New Delhi, Karnataka and Gujarat are the top states in terms of total average AUM.
State wise AUM
The top five states in terms of AUM as on December 2023 are Maharashtra, New Delhi, Karnataka, Gujarat and West Bengal.
Maharashtra has the highest AUM with close to Rs. 21 lakh crore or 41% of the total AUM of Rs. 51.09 lakh crore as on December 2023.
New Delhi ranked second in terms of state-wise AUM with Rs. 4.40 lakh crore or 8.5% of the AUM. Karnataka stood third with AUM of Rs. 3.50 lakh crore or 7% of the AUM, followed by Gujarat and West Bengal with AUM of Rs.3.50 lakh crore or 7% and Rs.2.70 lakh crore or 5% of the total MF AUM.
Among other leading states were Tamil Nadu, Uttar Pradesh, Haryana, Rajasthan and Madhya Pradesh.
Let’s look at the table to know the state wise average AUM
|
Name of the States/Union Territories |
Average AUM (Rs in crore) |
Average share in AUM (%) |
|
Maharashtra |
20,87,382 |
40.86% |
|
New Delhi |
4,40,395 |
8.62% |
|
Karnataka |
3,52,201 |
6.89% |
|
Gujarat |
3,50,566 |
6.86% |
|
West Bengal |
2,71,001 |
5.30% |
|
Tamil Nadu |
2,35,039 |
4.60% |
|
Uttar Pradesh |
2,32,343 |
4.55% |
|
Haryana |
1,64,066 |
3.21% |
|
Rajasthan |
93,569 |
1.83% |
|
Madhya Pradesh |
77,142 |
1.51% |
|
Telangana |
76,895 |
1.51% |
|
Andhra Pradesh |
66,337 |
1.30% |
|
Kerala |
61,282 |
1.20% |
|
Punjab |
60,977 |
1.19% |
|
Jharkhand |
54,239 |
1.06% |
|
Bihar |
48,577 |
0.95% |
|
Orissa |
46,380 |
0.91% |
|
Chhattisgarh |
31,011 |
0.61% |
|
Goa |
29,440 |
0.58% |
|
Assam |
27,563 |
0.54% |
|
Uttarakhand |
23,116 |
0.45% |
|
Chandigarh |
15,564 |
0.30% |
|
Himachal Pradesh |
12,192 |
0.24% |
|
Jammu and Kashmir |
6,875 |
0.13% |
|
Meghalaya |
3,426 |
0.07% |
|
Pondicherry |
3,082 |
0.06% |
|
Tripura |
1,981 |
0.04% |
|
Sikkim |
1,779 |
0.03% |
|
Nagaland |
1,563 |
0.03% |
|
Arunachal Pradesh |
1,394 |
0.02% |
|
Mizoram |
1,135 |
0.02% |
|
Manipur |
1,025 |
0.02% |
|
Dadra and Nagar Haveli |
858 |
0.02% |
|
Andaman and Nicobar Islands |
784 |
0.02% |
|
Daman and Diu |
569 |
0.01% |
|
Lakshadweep |
38 |
0.001% |
|
Others |
2,27,287 |
4.45% |
|
Total |
51,09,072 |
100% |
State-wise AUM-Equity
The highest AUM in equity is in Maharashtra, Gujarat, New Delhi, Karnataka and Uttar Pradesh as on December 2023.
Maharashtra has the largest equity holdings of Rs. 7.50 lakh crore, accounting for 37% of the overall equity AUM of Rs. 20 lakh crore.
Gujarat, Karnataka and New Delhi come next with equity assets above Rs.2 lakh crore, or 10% of total equity assets, followed by Uttar Pradesh with Rs.1.6 lakh crore or 8% of total equity AUM.
To know more, let’s look at the table.
|
Name of the States/Union Territories |
Average AUM Growth / Equity Oriented Schemes (in crore) |
Average share in AUM Growth / Equity Oriented Schemes (%) |
|
Maharashtra |
7,50,049 |
36.88% |
|
Gujarat |
2,17,121 |
10.68% |
|
Karnataka |
2,06,870 |
10.17% |
|
New Delhi |
2,01,554 |
9.91% |
|
Uttar Pradesh |
1,66,913 |
8.21% |
|
West Bengal |
1,55,613 |
7.65% |
|
Tamil Nadu |
1,25,609 |
6.18% |
|
Haryana |
85,285 |
4.19% |
|
Rajasthan |
69,244 |
3.40% |
|
Madhya Pradesh |
55,641 |
2.74% |
|
Total |
20,33,899 |
100% |
State-wise AUM-Debt
Maharashtra, New Delhi, Karnataka, Gujarat and West Bengal are the top five states in terms of debt AUM as on December 2023.
Maharashtra has the largest share, with AUM of Rs.3.30 lakh crore, accounting for 42% of the total Rs. 8 lakh crore debt MF AUM.
New Delhi and Karnataka were second and third, with AUMs of Rs.1.30 lakh crore or 16% and Rs.68,500 crore or 8.8%, respectively. Gujarat contributes Rs.65,000 crore or 8%, while West Bengal contributes Rs.52,000 or 6.5%, of the total debt MF AUM.
Let's have a look at the top ten states with highest debt assets:
|
Name of the States/Union Territories |
Average AUM Debt-oriented schemes other than liquid schemes (in crore) |
Average share in AUM Debt-oriented schemes other than liquid schemes (%) |
|
Maharashtra |
3,33,734 |
41.83% |
|
New Delhi |
1,29,986 |
16.29% |
|
Karnataka |
68,492 |
8.59% |
|
Gujarat |
65,037 |
8.15% |
|
West Bengal |
52,418 |
6.57% |
|
Tamil Nadu |
50,260 |
6.30% |
|
Haryana |
42,789 |
5.36% |
|
Uttar Pradesh |
31,187 |
3.91% |
|
Telangana |
12,136 |
1.52% |
|
Rajasthan |
11,769 |
1.48% |
|
Total |
7,97,807 |
100% |
