Mumbai, Delhi investors pump over Rs 26 lakh crore into mutual funds; number of women investors rises

India’s mutual fund assets are heavily concentrated in the top five cities, with Mumbai, New Delhi, Bengaluru, Pune, and Kolkata collectively accounting for a staggering 52.52 per cent of the country’s total mutual fund assets under management (AUM) as of March 2025.

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This means as much as Rs 34.52 lakh crore of total AUM corpus of Rs 65.74 lakh crore came from these five cities.

Mumbai leads the pack with a 27 per cent share (Rs 17.75 lakh crore), followed by New Delhi with 12.63 per cent, Bengaluru with 5.39 per cent, Pune with 4 per cent and Kolkata with 3.49 per cent. This trend is consistent with the previous year's data, according to the Association of Mutual Funds in India (AMFI). The dominance of these cities highlights the skewed distribution of mutual fund investments in India. “Since most of the corporates are headquartered in these five cities, their investments (in mutual fund schemes) also get accounted there. This is the reason that the numbers are always skewed,” said A Balasubramanian, managing director & CEO, Aditya Birla Sun Life Mutual Fund.