Top five cities account for over 52% of MF assets

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% of the country's total mutual fund assets under management (AUM) as of March 2025.

- GEORGE MATHEW & HITESH VYAS

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

Mumbai leads the pack with a 27% share (₹17.75 lakh crore), followed by New Delhi with 12.63%, Bengaluru with 5.39%, Pune with 4% and Kolkata with 3.49%. 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, MD & CEO, Aditya Birla Sun Life Mutual Fund.