Top Five states by AUM contributed 67.65percent to the AAUM of domestic mutual fund industry in June 2025: ICRA Analytics

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. 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%.

Amongst the states, Maharashtra lead with a maximum contribution of 40.61% followed by New Delhi, Gujarat, Karnataka and West Bengal whose respective contributions remained below 10%. The top five states contributed more than 65% to the domestic mutual fund industry AAUM.

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.

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%. Barring Lakshwadeep, 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 in June 2025. The AAUM contribution from Lakshwadeep fell 26.98% on YoY basis in June 2025.