Maharashtra leads in MFs’ AUM space

Mumbai: Maharashtra, New Delhi, Karnataka, Gujarat and West Bengal together contributed close to 69 per cent of the mutual fund industry’s AUM as of January 2024, according to a report by .

These five states/UT saw growth of 27-30 per cent year-on-year in assets under management last month. The report said that as of January 2024, these states contributed 68.46 per cent to the industry’s total asset under management (AUM) of Rs52.89 lakh crore, marginally down from contribution of 69.43 per cent in January 2023.