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As of January 2024, the State-wise Assets Under Management (AUM) of Mutual fund in India offers a comprehensive insight into the investment landscape across different regions. Topping the list is Maharashtra, boasting an impressive AUM of Rs 21,70,500 crore.
The Mutual Fund AUM of Maharashtra reveals an intriguing fact: a balanced allocation strategy, Maharashtra allocates 40% to equity and 60% to non-equity investments, reflecting its robust and diversified investment portfolio. Following closely is New Delhi, with an AUM of Rs 4,52,100 crore. New Delhi maintains a balanced approach with a 50-50 split between equity and non-equity investments. Karnataka secures the third position with an AUM of Rs 3,64,700 crore, prioritizing equity investments with a significant 65% allocation.
Conversely, among the states with lower Mutual Fund AUM, Sikkim emerges with an AUM of Rs 1,800 crore. Despite its modest AUM, Sikkim exhibits a noteworthy 76% allocation towards equity investments, suggesting a risk-tolerant investment approach within the state. Arunachal Pradesh, with an AUM of Rs 1,500 crore, demonstrates a remarkable 86% allocation towards equity, highlighting a high-risk appetite despite its smaller AUM.
Mizoram, with an AUM of Rs 900 crore, maintains a relatively balanced distribution between equity and non-equity investments, reflecting prudent investment strategies amidst lower asset volumes.
In addition to the top and bottom performers, Jammu and Kashmir emerges as a notable contender with an AUM of Rs 7,200 crore. In a remarkable revelation, J&K showcases a strong penchant for equity investments, with a staggering 88% of the total Mutual Fund AUM of the state allocated towards equities, while the remaining 12% is directed towards non-equity investments. This emphasis on equity underscores a strong confidence in the equity market within the region, portraying a dynamic and forward-looking investment landscape.
| Ranking | States | AUM (in crore) | Equity Proportion | Non-Equity Proportion |
| 1 | Maharashtra | 21,70,500 | 40% | 60% |
| 2 | New Delhi | 4,52,100 | 50% | 50% |
| 3 | Karnataka | 3,64,700 | 65% | 35% |
| 7 | Gujarat | 3,60,700 | 71% | 29% |
| 5 | West Bengal | 2,74,500 | 69% | 31% |
| 8 | Uttar Pradesh | 2,42,200 | 80% | 20% |
| 6 | Tamil Nadu | 2,41,200 | 60% | 40% |
| 9 | Haryana | 1,71,200 | 57% | 43% |
| 10 | Rajasthan | 96,600 | 81% | 19% |
| Last Three States | ||||
| 27 | Sikkim | 1,800 | 76% | 24% |
| 28 | Arunachal Pradesh | 1,500 | 86% | 14% |
| 29 | Mizoram | 900 | 55% | 45% |
Source: AMFI Website
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.
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