Which states have the highest equity and non-equity AUM?

According to the latest data released by AMFI, Maharashtra, Gujarat and Karnataka are leading the charge by contributing significantly to the equity AUM in December 2024.

Maharashtra remains the undisputed leader with Rs. 12 lakh crore in equity AAUM. The state derives 43% of its total AUM from equity funds. 

Gujarat and Karnataka follow Maharashtra with equity AUM of Rs. 3.50 lakh crore and Rs.3.35 lakh crore, respectively. Both the states derive 70% of their total AUM from equity funds. 

Uttar Pradesh has also shown remarkable growth, holding Rs. 2.75 lakh crore in equity AAUM, which constitutes 84% of its total AUM. 

West Bengal is the fifth largest in terms of equity fund with Rs. 2.57 lakh crore (74%).

Among other states in the top 10 list include Tamil Nadu, Rajasthan, Madhya Pradesh, Telangana and Punjab.

Let us look at the table to know more:-

In terms of non-equity assets, Maharashtra continues to lead with Rs. 15.94 lakh crore in non-equity AAUM, making up 57% of its total AUM.

Gujarat and Karnataka again follow Maharashtra with non-equity AUM of Rs. 1.49 lakh crore (30%) and Rs. 1.43 lakh crore (30%) respectively.

Tamil Nadu, West Bengal, UP, Telangana, Rajasthan, Andhra Pradesh and MP are other states in the top 10 list.

Let us look at the table to know more: