Bhubaneswar: While investment in the Mutual Fund Scheme is popular across the country, Odisha lags far behind. The per capita mutual fund investment in Odisha is only Rs 590. This is according to the October data of the Indian Mutual Fund Association (AMFF). As of October, the contribution of the mutual fund industry to the total state gross domestic product (GS6DP) of Odisha was 5 per cent, while the state had 43 branches of various mutual fund institutions. Amphi has five categories of per capita mutual fund investment. Of the Rs 81,60, Rs 1,20,710 is the best category, with only three states, Delhi, Goa and Maharashtra. Maharashtra has a per capita mutual fund investment of Rs 1,01,560. In Delhi, that amount is Rs 1,20,710. In the second category, states with a per capita investment of Rs 42,200 to Rs 41,80 are placed. It has the name Haryana alone with a per capita mutual fund investment of Rs 42,200. From Rs 14,360 to Rs 42,200, the third category is. This category includes Karnataka, Tamil Nadu and Gujarat. The fourth category ranges from Rs 80 to Rs 14,380. This category includes Punjab, Himachal Pradesh, Uttarakhand, West Bengal, Sikkim, Andhra Pradesh, Telangana and Kerala. The fifth and final category is the state with a per capita mutual fund investment of less than Rs. All other states in the country are in this category. According to the report, the name of Odisha is in the last category. The contribution of small towns in the country is 14 percent. Maharashtra tops the list (73.8%) in terms of contribution to managed assets (AUM). It is followed by New Delhi (4.6%), Gujarat (4.6%), Karnataka (4.6%) and West Bengal (5.2%). Eight per cent of the country’s retail investors invest in equity-based mutual fund schemes, while 75 per cent of companies’ assets are in liquidity, money market and debit-based schemes.
