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The Association of Mutual Funds in India (AMFI) has released its latest data, indicating that Maharashtra, Gujarat, and Delhi are leading the mutual fund sector in India, contributing over 56% of the nation’s total assets under management (AUM). Maharashtra tops the list with ₹27.49 lakh crore in AUM, followed by Delhi with ₹5.49 lakh crore and Gujarat at ₹4.82 lakh crore. These three states are driving significant mutual fund activity, accounting for the largest share in the industry.
Karnataka and West Bengal are also notable contributors, ranking fourth and fifth in the country’s mutual fund investment rankings. Karnataka's investments stand at approximately ₹4.71 lakh crore, while West Bengal follows closely with ₹3.45 lakh crore in AUM. West Bengal's consistent investment growth reflects an increasing awareness and participation in mutual funds among investors, who are attracted by the potential for returns and professionally managed portfolios.
According to AMFI, West Bengal has been a strong market for mutual funds, supported by both individual and institutional investors. Kolkata, the state’s capital, has emerged as a significant hub, with mutual fund companies actively engaging to educate and attract more investors. West Bengal’s financial landscape shows a rising trend in investments, with a diverse investor base participating in various mutual fund schemes tailored to their risk tolerance and financial goals.
The overall mutual fund AUM across India now exceeds ₹27 lakh crore, with AMFI attributing a large portion of this growth to the top five states, including West Bengal. This report highlights regional investment patterns, showing the importance of these economic hubs in the mutual fund sector's development, as well as ongoing growth in states like West Bengal, which continues to strengthen its presence in the industry.