Maharashtra Contributes 40% To Mutual Fund Assets, Top Performer Among States

Maharashtra tops among states when it comes to mutual fund investments, accounting for 40.61% of the average assets under management for June, a report said on Thursday.

New Delhi, Gujarat, Karnataka, and West Bengal each contributed less than 10% to the domestic mutual fund industry's Average Assets Under Management in June, according to a report by ICRA Analytics.

The top five states in the country contributed 67.65% of the AAUM of the domestic MF industry in June, the report said.

From a growth perspective, Nagaland witnessed the fastest growth in AAUM at 62.47% on-month, followed by Lakshadweep and Ladakh at 19.18% and 18.17%, respectively, the report said. On a yearly basis, Nagaland witnessed the maximum growth in AAUM at 100.57% followed by Dadra and Nagar Haveli, which grew at 56.52%.

The report said the AAUM of the domestic mutual fund industry grew by 21.94% on a yearly basis in June 2025, and was up 3.61% on-month.

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

The contribution of equity-oriented schemes was the highest in Ladakh at 90.85%, followed by Lakshadweep, for which the contribution of equity-oriented schemes stood at 84.07%, the report said.