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Have you ever wondered in which part of the country people are earning huge profits by investing in mutual funds? Only 3 states are doing this. Do you know who is on top?
Earning money from mutual funds is a little easier than earning money from the stock market. There is risk in this but mutual fund management companies reduce the level of risk for investors. Therefore, people who invest in it make good money in the long run. Do you know where people in the country are ahead in earning money by investing in mutual funds?
The Association of Mutual Funds in India (AMFI), an organization of mutual fund companies operating in the country, has shared many interesting figures in this regard.
Most of the money comes from these three states
According to the latest available data from AMFI, if mutual fund companies in the country have assets under management (AUM) of Rs. Out of which Rs 100. Those over 56 come from only 3 states or union territories. According to the AMFI report, Maharashtra, Gujarat and Delhi are the three states where people openly invest their money in mutual funds and earn relatively good returns. After these three states in this list are Karnataka and West Bengal.
Maharashtra is on top, this number is from Delhi
If seen in this list, approximately Rs. The maximum investment of Rs 27.49 lakh crore in mutual funds came from Maharashtra. After this Delhi Rs. Gujarat is at second place in this list with Rs 5.49 lakh crore. 4.82 lakh crore is in third place. In Karnataka, people have invested Rs 4.71 lakh crore in mutual funds, while in West Bengal this figure is Rs 3.45 lakh crore. In this also people have invested most of their money in the stock market.