Odisha registered the sharpest month-on-month growth in Average Assets Under Management (AAUM) among all states in September 2025, according to data from ICRA Analytics. The state’s mutual fund assets grew 8.53% over the previous month, followed by Mizoram and Meghalaya with 7.78% and 6.71% growth, respectively.

Overall, the domestic mutual fund industry’s AAUM rose 14.37% year-on-year and 1.39% month-on-month for the period ended September 2025, ICRA Analytics said.

Equity-oriented (growth) schemes remained the largest contributor to total AAUM at 55.17%, followed by debt-oriented schemes at 14.46% and liquid schemes at 12.44%.

The share of equity-oriented schemes was the highest in Ladakh at 90.61%, followed by Lakshadweep at 83.43%.

Maharashtra continued to lead in overall contrib

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