The mutual fund industry (MF) is on a roll with assets under management (AUM) doubling from about ₹11 lakh-crore in July 2014 to nearly ₹24 lakh-crore in July 2018. But what has not really changed much is the continued dominance of a few States and cities in the total pie.
Of the 36 States and Union Territories (UTs), just five — Maharashtra, Delhi, Karnataka, Gujarat and West Bengal — account for more than 70 per cent of the total AUM of the MF industry as of July 2018. In July 2014, their share had been about 73 per cent.
