An in-depth analysis of India’s mutual fund (MF) industry reveals that Mumbai, Delhi, and Bengaluru hold the top positions in terms of Assets Under Management (AUM) as of December 2023.
Key Insights from the Data:
- Mumbai remains the financial powerhouse, commanding a 27% market share with an AUM of ₹14 lakh crore.
- Delhi follows with ₹6.44 lakh crore, contributing 13% to the total MF industry.
- Bengaluru secures the third spot with ₹2.77 lakh crore, accounting for 5.43% of total AUM.
Apart from these three leading cities, the top 10 cities by AUM include:
- Pune (₹2.02 lakh crore)
- Kolkata (₹1.87 lakh crore)
- Chennai (₹1.53 lakh crore)
- Ahmedabad (₹1.46 lakh crore)
- Hyderabad (₹1.02 lakh crore)
- Vadodara (₹45,982 crore)
- Jaipur (₹42,916 crore)
State-Wise Analysis:
- Maharashtra leads with 18 cities in the top 108 AUM rankings.
- Gujarat (14 cities) and Uttar Pradesh (11 cities) follow closely.
- The top 108 cities collectively manage ₹37.14 lakh crore, representing 78% of India’s total MF assets.
Check Your City’s AUM Ranking
The table below highlights the top 30 cities based on their AUM contributions.
| Rank | City | State | AUM (₹ Crore) | % of Total AUM |
|---|---|---|---|---|
| 1 | Mumbai | Maharashtra | 13,91,711 | 27.24% |
| 2 | Delhi | New Delhi | 6,44,254 | 12.61% |
| 3 | Bengaluru | Karnataka | 2,77,423 | 5.43% |
| 4 | Pune | Maharashtra | 2,02,319 | 3.96% |
| 5 | Kolkata | West Bengal | 1,87,503 | 3.67% |
| 6 | Chennai | Tamil Nadu | 1,53,272 | 3.00% |
| 7 | Ahmedabad | Gujarat | 1,46,630 | 2.87% |
| 8 | Hyderabad | Andhra Pradesh | 1,02,181 | 2.00% |
| 9 | Vadodara | Gujarat | 45,982 | 0.90% |
| 10 | Jaipur | Rajasthan | 42,916 | 0.84% |
Did you city made the cut?