Five states contributed more than 65% to the domestic mutual fund industry AAUM. Amongst the top 5 states, Maharashtra led with a maximum contribution of 40.61% followed by New Delhi, Gujarat, Karnataka and West Bengal whose respective contributions remained below 10%, according to a release by ICRA Analytics.

On a monthly basis, Nagaland witnessed the maximum growth in AAUM which stood at 62.47% followed by Lakshadweep and Ladakh which grew 19.18% and 18.17%, respectively.

Growth/Equity oriented schemes contributed the most to the AAUM across the states. The contribution of equity-oriented schemes was the most in Ladakh which stood at 90.85%, followed by Lakshadweep for which contribution of equity-oriented schemes stood at 84.07%.

On a yearly basis, Nagaland witnessed the maximum growth in AAUM which stood at 100.57% followed by Dadra and Nagar Haveli which grew 56.52%. Dadra and Nagar Haveli witnessed the lowest monthly growth of 5.49% followed by New Delhi and Mizoram.