mutual fund
At present, people from small to big cities are investing in mutual funds. Due to this, mutual fund assets under management (MF AUM) are increasing rapidly. In such a situation, do you know from which state maximum money comes into mutual funds? Let us tell you that people of Maharashtra invest maximum money in mutual funds. After that comes Delhi and Gujarat. Let us tell you that as per the data of September 2024, more than half or 56 percent of the total mutual fund assets under management (MF AUM) comes from just three states of India. Maharashtra has the highest AUM among all states, followed by Maharashtra’s contribution of Rs 27.49 lakh crore to the total MF AUM of Rs 67.09 lakh crore by September 2024. This was followed by Delhi (Rs 5.49 lakh crore) and Gujarat (Rs 4.82 lakh crore).
State wise penetration of mutual funds
State wise penetration of mutual funds
Uttar Pradesh at sixth place
Uttar Pradesh is at sixth place in the ranking of investors investing in mutual funds. Investment worth Rs 3,23,200 crore came from Uttar Pradesh. At the same time, Bihar is at 16th place in this list. Investment of Rs 69,000 crore came into mutual funds from Bihar. In percentage terms, about 92 per cent of the total AUM in Tripura came from equity funds. This is followed by Jammu and Kashmir, Arunachal Pradesh and Andaman and Nicobar Islands, where 91 percent of the wealth came from equity funds. Therefore, one can conclude that most of the investors in these states prefer to invest in equities.
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