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AMFI data shows that Maharashtra, Gujarat and Karnataka are the top states in terms of average AUM in equity, debt and hybrid categories.
State-wise equity AUM
An analysis of state-wise AAUM shows that Maharashtra, Gujarat, Karnataka, New Delhi and Uttar Pradesh have the highest equity AAUM as on March 2024.
Of the total equity AAUM of Rs.28.60 lakh crore, Maharashtra holds the highest equity assets with Rs. 8.25 lakh crore. It accounts for 29% of the total equity AAUM.
Gujarat, Karnataka and New Delhi contribute 8% each to the total equity AUM whereas UP accounts for 7% of the total equity AUM.
Other states in the top 10 list are West Bengal (6%), Tamil Nadu (5%), Haryana (3%), Rajasthan (3%) and Madhya Pradesh (2%).
Surprisingly, the top 10 states contribute Rs.22.50 lakh crore, which is 78% of the total equity AAUM of Rs.28.60 lakh crore.
To know more, let’s look at the table.
|
States/ Union Territories |
Equity Schemes AAUM (in crores) |
% of Equity Scheme AAUM |
|
Maharashtra |
8,24,626 |
29% |
|
Gujarat |
2,38,889 |
8% |
|
Karnataka |
2,31,616 |
8% |
|
New Delhi |
2,23,451 |
8% |
|
Uttar Pradesh |
1,85,901 |
7% |
|
West Bengal |
1,70,272 |
6% |
|
Tamil Nadu |
1,40,401 |
5% |
|
Haryana |
96,311 |
3% |
|
Rajasthan |
76,717 |
3% |
|
Madhya Pradesh |
61,526 |
2% |
|
Total Equity AAUM of all states |
28,58,292 |
State-wise debt AUM
In terms of debt AUM other than liquid funds, Maharashtra, New Delhi, Karnataka, Gujarat and West Bengal are the top five states in terms of debt average AUM.
Maharashtra holds the highest share with AUM of Rs.3.33 lakh crore and contributes 37% of the total debt AUM among all the states.
New Delhi, Karnataka and Gujarat are next three states with AUM of Rs.1.32 lakh crore, Rs.70,000 crore and Rs.63,000 crore, respectively. While New Delhi contributes 14% to the industry’s total debt assets, Karnataka has a share of 8% and Gujarat has a share of 7%.
West Bengal (6%), Tamil Nadu (6%), Haryana (5%), UP (4%), Telangana (1%) and Rajasthan (1%).
In debt schemes, the top 10 states contribute Rs.8 lakh crore which is 90% of the total debt AAUM of Rs.9 lakh crore.
Let us look at the top 10 states/ Union Territories with the highest debt assets other than liquid schemes:
|
States/ Union Territories |
Debt Schemes AAUM (in crores) |
% of Debt Scheme AAUM |
|
Maharashtra |
3,33,330 |
37% |
|
New Delhi |
1,32,962 |
15% |
|
Karnataka |
70,229 |
8% |
|
Gujarat |
63,315 |
7% |
|
West Bengal |
52,035 |
6% |
|
Tamil Nadu |
51,126 |
6% |
|
Haryana |
44,162 |
5% |
|
Uttar Pradesh |
32,087 |
4% |
|
Telangana |
12,236 |
1% |
|
Rajasthan |
11,709 |
1% |
|
Total Debt AAUM of all states |
8,94,704 |
State-wise hybrid AUM
In hybrid schemes, Maharashtra, Gujarat, West Bengal, Karnataka and Uttar Pradesh are the top five states.
Here also Maharashtra tops the list with AUM of Rs.90,000 crore. It accounts for 28% of the total hybrid AAUM.
Gujarat and West Bengal are next with AUM of Rs.31,000 crore and Rs.30,000 crore and contribute 10% and 9%, respectively.
Interestingly, Uttar Pradesh overtook New Delhi with assets of Rs,19,000 crore.
The next states in the list are Tamil Nadu (5%), Madhya Pradesh (2%), Jharkhand (2%) and Haryana (2%).
The top 10 states in hybrid schemes contribute Rs.2.40 lakh crore, which is 76% of the total AUM of Rs.3.2 lakh crore under hybrid funds.
Let us look at the top 10 states with the highest hybrid assets:
|
States/ Union Territories |
Hybrid Schemes AAUM (in crores) |
% of Hybrid Scheme AAUM |
|
Maharashtra |
90,103 |
28% |
|
Gujarat |
30,618 |
10% |
|
West Bengal |
29,716 |
9% |
|
Karnataka |
20,890 |
7% |
|
Uttar Pradesh |
19,984 |
6% |
|
New Delhi |
17,213 |
5% |
|
Tamil Nadu |
15,034 |
5% |
|
Madhya Pradesh |
7,970 |
2% |
|
Jharkhand |
7,525 |
2% |
|
Haryana |
7,019 |
2% |
|
Total Hybrid AAUM of all states |
3,21,368 |
