Maharashtra contributes nearly 44 percent of MF AUM

An analysis of state wise contribution to the total AUM of the mutual fund industry shows that Maharashtra contributed 44% or Rs. 5.34 lakh crore to the mutual fund industry as on March 2015, shows AMFI data. Of the Rs. 5.34 lakh crore, 73% or Rs. 3.91 lakh crore came from liquid and other debt funds while equity funds contributed Rs. 1.19 lakh crore.

India’s financial capital Mumbai contributes 42% to the total AUM of the industry. Since a lot of companies have their headquarters in Mumbai, it makes a huge contribution to liquid funds AUM.

After Maharashtra, New Delhi contributed Rs. 1.15 lakh crore or 10%, followed by Karnataka (7%), Goa (6%), West Bengal and other states at 5% each. The top eight states (see table below) contribute 85% to the industry’s total Rs. 12 lakh crore AUM as on March 2015.

While most states recorded double digit percentage growth in the AUM, some states like Tripura, Arunachal Pradesh saw three digit percentage growth in AUM. States like Tripura, Arunachal Pradesh, Nagaland, Manipur and Sikkim recorded 357%, 213%, 182%, 176%, and 125% growth in AUM respectively.

State wise contribution to total industry AUM

Contribution to total equity AUM

Maharashtra contributed the highest (34%) or Rs. 1.19 lakh crore the total equity AUM of the industry followed by Karnataka which contributed Rs. 27,219 crore. The top nine states contributed 78% to the total equity AUM of the industry.

State wise contribution to total equity AUM