Positive Sequential Growth Recorded in All States in September 2023
Maharashtra's share of AAUM (Average Assets Under Management) increased slightly from Rs. 19.58 lakh crore in August 2023 to Rs. 19.60 crore in September 2023.
Maharashtra made the largest contribution with a 41.01% share, followed by New Delhi (8.67%) and Gujarat (6.97%). The top three states contributed about 57% of the total.
Like the previous month, Equity Oriented Schemes saw the maximum investments from all the states except for Mizoram and Lakshadweep, where investments in Liquid Schemes and Other Debt Oriented Schemes, respectively, contributed the most among all other categories in September 2023.
In September 2023, Growth/Equity Oriented Schemes made the largest contribution of 48.33% of AAUM, followed by Other Oriented Schemes and Liquid Schemes of18.82% and 14.34%, respectively.
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With a relatively lower share, Other Exchange Traded Funds was at 11.75%, Balanced Schemes at 5.77%, Gold Exchange Traded Fund at 0.50% and Fund of Fund Investing Overseas at 0.48%.
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