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AMFI data shows that Maharashtra, New Delhi and Gujarat are the top three states in terms of mutual fund assets as of March 2025.
Maharashtra tops the table with AUM of Rs.27 lakh crore. New Delhi and Gujarat are the net two states with assets of Rs.5.60 lakh crore and Rs.4.64 lakh crore, respectively.
Karnataka and West Bengal complete the top five list in terms of AUM.
Only seven states have AUM more than Rs.3 lakh crore which include Maharashtra, New Delhi, Gujarat, Karnataka, West Bengal, Uttar Pradesh and Tamil Nadu
The top 10 states have AUM of more than Rs.1 lakh crore, which additionally include Rajasthan, Telangana and Madhya Pradesh.
Equity and non-equity AAUM
- Maharashtra, Gujarat, Karnataka, New Delhi and West Bengal are the top five states in the equity AAUM
- These states have AAUM of Rs.11.34 lakh crore, Rs.3.29 lakh crore, Rs.3.16 lakh crore, Rs.2.97 lakh crore and Rs.2.41 lakh crore, respectively
- Maharashtra, New Delhi, Karnataka, Gujarat and Tamil Nadu are the top five states in non-equity AAUM. These states have an AAUM of Rs.15.66 lakh crore, Rs.2.63 Lakh crore, Rs.1.42 lakh crore, Rs.1.35 lakh crore and Rs.1.13 lakh crore, respectively
Here is the list for top 10 states with total AAUM, equity AAUM and non-equity AAUM;
States |
AAUM (Rs. Lakh crore) |
Equity AAUM |
Equity AAUM % |
Maharashtra |
27.00 |
11.34 |
42 |
New Delhi |
5.60 |
2.97 |
53 |
Gujarat |
4.64 |
3.29 |
71 |
Karnataka |
4.58 |
3.16 |
69 |
West Bengal |
3.31 |
2.41 |
73 |
Uttar Pradesh |
3.11 |
2.58 |
83 |
Tamil Nadu |
3.05 |
1.92 |
63 |
Rajasthan |
1.25 |
1.06 |
85 |
Telangana |
1.14 |
0.83 |
73 |
Madhya Pradesh |
1.02 |
0.87 |
85 |
States |
AAUM (Rs. Lakh crore) |
Non-equity AAUM |
Non-equity AAUM % |
Maharashtra |
27.00 |
15.66 |
58 |
New Delhi |
5.60 |
2.63 |
47 |
Gujarat |
4.64 |
1.35 |
29 |
Karnataka |
4.58 |
1.42 |
31 |
West Bengal |
3.31 |
0.89 |
27 |
Uttar Pradesh |
3.11 |
0.53 |
17 |
Tamil Nadu |
3.05 |
1.13 |
37 |
Rajasthan |
1.25 |
0.19 |
15 |
Telangana |
1.14 |
0.31 |
27 |
Madhya Pradesh |
1.02 |
0.15 |
15 |