New Delhi: Mutual fund investment in India has reached all-time highs, with industry body AMFI reporting a 50 per cent spike in the MF assets of retail investors over the past year, indicating a major interest among retail investors. Monthly mutual fund contributions crossed the Rs 24,000 crore mark for the first time in September 2024, according to data shared by the Association of Mutual Funds of India.
Systematic Investment Plans or SIPs have emerged as a popular investment option among retail investors. Amid these numbers, another interesting nugget of information was shared by AMFI: Which states are the highest contributors to mutual funds in India.
Top 3 states in terms of MF contributions in India
According to the industry body, investors from 3 states hold 56 per cent of the total assets under management at MF houses.
| Rank | States | Contribution (In Rs lakh crore) |
| 1 | Mumbai | 27.49 |
| 2 | Delhi | 5.49 |
| 3 | Gujarat | 4.82 |
The above table shows that Maximum City Mumbai is miles ahead of Delhi and Gujarat when it comes to MF investment. India’s financial capital lives up to its name as mutual fund investments stood at Rs 27.49 lakh crore as of September 2024, according to data shared by AMFI. This shows a greater awareness towards investment options and financial planning in Mumbai.
Delhi comes second on the list with MF investments worth Rs 5.49 lakh crore, according to AMFI. This shows a chasm between Mumbai and the national capital with the difference in value of MF assets held being over Rs 21 lakh crore.
Prime Minister Narendra Modi’s home state Gujarat comes close on the heels of the national capital with MF investments to the tune of Rs 4.82 lakh crore, making it the 3rd highest contributor to mutual fund investments in India. However, Gujarat remains substantially behind its financial giant of a neighbour, Mumbai, in terms of the value of MF assets held.
Karnataka and West Bengal round up the list of top 5 contributors to MF investments in India with contributions worth Rs 4.71 lakh croer and Rs 3.45 lakh crore, respectively, according to AMFI data.
