This tiny northeastern state witnesses highest MoM growth in average AUM in July: ICRA Analytics

Mizoram has witnessed the maximum month-on-month growth in Average Assets Under Management (AAUM) which stood at 11.94% on a monthly basis. This is followed by Dadra & Nagar Haveli and Kerala which grew 5.90% and 5.06%, respectively, according to a release by ICRA Analytics.

Maharashtra accounted for the highest share of AAUM at 40.64%, while New Delhi, Gujarat, Karnataka, and West Bengal each contributed less than 10%. Together, these top five states made up over 67% of the domestic mutual fund industry’s AAUM.

Also Read | Swiggy, HDFC Bank, Eternal among stocks bought & sold by SBI Mutual Fund in July

On a yearly basis, Nagaland witnessed the maximum growth in AAUM which stood at 84.43% followed by Dadra and Nagar Haveli which grew 45.99%. Barring Lakshadweep, all states witnessed growth in AAUM on a yearly basis in July 2025, the minimum being that of Goa whose AAUM grew 12.42% YoY in July 2025. The AAUM contribution from Lakshadweep fell 41.82% on YoY basis in July 2025.

The Average Assets Under Management (AAUM) of the domestic mutual fund industry grew by 19.01% on a yearly basis for the period ended July 2025. On a monthly basis, the same rose by 2.96%. The AAUM grew across all categories during the month.

Also Read | Quant Small Cap Fund and Motilal Oswal Midcap Fund among 8 equity mutual funds which deliver over 20% CAGR in 5 and 7 years

Contribution of growth-oriented equity-based schemes remained the maximum at 54.56% followed by debt-oriented schemes and liquid schemes which contributed 13.20% and 14.64% 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 90.95% followed by Lakshadweep for which contribution of equity-oriented schemes stood at 83.55%.