The Average Assets Under Management (AAUM) for the Indian mutual fund industry grew by 21.32% compared to last year, ending in March 2025. However, there was a small drop of 1.25% from the previous month, according to ICRA Analytics. This decline happened in most categories, except for Gold ETFs, which saw a big rise of 89.88%, and Other ETFs, which grew by 15.06%.
Among different types of investments, growth-focused equity schemes made up the largest portion at 53.72%, followed by debt-oriented schemes at 15.06%, and liquid schemes at 13.21%. Balanced schemes contributed 5.46%, while funds investing overseas contributed just 0.39%. Gold ETFs accounted for 0.85% of the total AAUM, with Other ETFs making up 11.30%.
Equity-oriented schemes were the most popular across different regions, especially in Lakshadweep, where they made up an impressive 91.98%. In Andhra Pradesh, this number was also high at 81.50%. Maharashtra led the way overall with a contribution of 40.64%, while New Delhi, Gujarat, Karnataka, and West Bengal each contributed less than 10%. Together, the top five states contributed over 65% of the entire mutual fund industry’s AAUM.
Looking at the monthly changes, Sikkim showed the highest growth in AAUM at 5.19%, followed by Mizoram and Nagaland, which each grew by over 1%. In contrast, Gujarat and West Bengal saw declines of more than 2%.
On a yearly basis, Lakshadweep showed the best growth at 71.61%, while Dadra and Nagar Haveli saw over 50% growth. All states experienced an increase in AAUM compared to the previous year, with Goa having the smallest growth at 15.51%.
(Disclaimer: The views and opinions expressed here are based on expert analysis and are not representative of Thellv.news)
Indian Mutual Fund AAUM Grows 21.32%: Trends and State Contributions
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