How Does India's States Invest In Mutual Funds? | ET Now

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As per the most recent AMFI data for the month of June-Maharashtra enjoys the highest average asset under management (AAUM) of more than Rs 15lk crore which is almost 5 times the amount than its nearest competitor which is New Delhi. This is closely followed by Gujarat and Karnataka. Surprise entrant in the list was West Bengal having Rs 1.9lk crore AAUM and having the highest exposure in equities amongst the top five biggest states in terms of AAUM. Goa remains the third best state in terms of penetration for mutual funds, with almost 29 percent of the AAUM to the State’s GDP ratio. #ETNow #MutualFund #StockMarket

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