neutral-positive
Recently
Mumbai leads India’s mutual-fund industry with Rs 20.5 trn AUM in September
Mumbai holds Rs 20.
According to data, Mumbai contributed approximately Rs 20.5 trillion to India’s mutual-fund industry assets under management (AUM) out of the total Rs 75.6 trillion as of September 2025. Delhi stood second at about Rs 9.1 trillion, followed by Bengaluru, Pune and Kolkata. The concentration of AUM in top cities underscores structural divergence between metropolitan and smaller-city investor participation. Additionally, assets in B30 cities (beyond top 30 urban centres) rose 2.6% month-on-month to Rs 14.50 lakh crore in September, showing strong “tier-2 and below” growth momentum in mutual-fund adoption.