Top 5 states contribute over 65% to total mutual fund industry AAUM in June 2025: ICRA Analytics


Five states contributed more than 65% to the domestic mutual fund industry‘s Average Assets Under Management (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.

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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.

Barring Lakshadweep, all states witnessed growth in AAUM on a yearly basis in June 2025, the minimum being that of Daman and Diu whose AAUM grew 13.50% YoY. The AAUM contribution from Lakshadweep fell 26.98% on YoY basis in June 2025.

The Average Assets Under Management (AAUM) of the domestic mutual fund industry grew by 21.94% on a yearly basis for the period ended June 2025. On a monthly basis, the same rose by 3.61%. The AAUM grew across all categories during the month.

Contribution of growth oriented equity-oriented schemes remained the maximum at 54.76% followed by debt-oriented schemes and liquid schemes which contributed 14.88% and 12.50% respectively.

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ETFs contributed 11.28% to the total AAUM in June, followed by gold ETFs which contributed 0.87% and fund of funds investing overseas which contributed 0.37%.

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