Even though market volatility remained high over the last quarter, the retail investors fromGujarathave kept their faith intact in mutual fund investments.
Three cities of Gujarat – Ahmedabad (6), Vadodara (9) and Surat (11), not only figure among top 12 across India with highest assets under management in but also account for a lion’s share of 67% of the state’s AUM, as on March 31, 2023. Gujarat’s AUM stood at Rs 2.76 lakh crore in the March quarter of which Rs 1.83 lakh crore came from these three cities.
Investors from Ahmedabad are clear ahead as compared to the other two cities – with Rs 1.22 lakh crore of AUM coming from here alone. Vadodara and Surat account for Rs 33,901 crore and Rs 26,806 crore, respectively.