Top 5 states contributes 68% to the total mutual fund industry's average AUM in August: ICRA Analytics

The top five states have contributed 68% to the total Average AUM (AAUM) of the domestic mutual fund industry. Amongst the states, Maharashtra leads with a maximum contribution of 40.59% 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, Dadra and Nagar Haveli witnessed the maximum growth in AAUM which stood at 8.35% followed by Haryana and Odisha which grew 5.24% and 4.41%, respectively.

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On a yearly basis, Dadra and Nagar Haveli witnessed the maximum growth in AAUM which stood at 49.36% followed by Mizoram which grew 33.04% and Nagaland which witnessed a growth of 27.52%.

Barring Lakshadweep, all states witnessed growth in AAUM on a yearly basis in Aug 2025, the minimum being that of Goa whose AAUM grew 11.86% YoY in Aug 2025. The AAUM contribution from Lakshadweep fell 41.92% on YoY basis in Aug 2025.

Contribution of growth oriented equity-based schemes remained the maximum at 54.57% followed by debt-oriented schemes and liquid schemes which contributed 14.76% and 13.04% respectively.

Other Exchange Traded Funds contributed 11.03% towards the total AAUM in August, followed by balanced schemes which contributed 5.30%, gold ETFs which contributed 0.91% and fund of funds investing overseas which contributed 0.40%,

Growth/equity oriented schemes contributed the most to the AAUM across various states. The contribution of equity-oriented schemes was the most in Ladakh which stood at 90.82% followed by Lakshadweep for which contribution of equity-oriented schemes stood at 83.32%.

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The Average Assets Under Management (AAUM) of the domestic mutual fund industry grew by 16.16% on a yearly basis for the period ended Aug 2025. On a monthly basis, the same declined by 0.38%.