Small states and Union Territories (UTs), such as Manipur, Lakshadweep, Arunachal Pradesh and Tripura, are witnessing a big jump in investments in mutual funds even as the top 10 states in India, including Maharashtra, New Delhi, and Karnataka, continue to contribute nearly 90 percent to the overall mutual fund assets.
The total average assets under management (AAUM) of the Indian mutual fund industry grew by 30 percent to Rs 52.89 lakh crore at the end of last month from Rs 40.80 lakh crore in January 2023.
