Assam Leads Northeast with Record Surge in Mutual Fund Investments

Assam has positioned itself as a frontrunner in mutual fund investments, experiencing a remarkable surge in financial market engagement and household incomes. Chief Minister Himanta Biswa Sarma disclosed today that the state’s mutual fund investments have witnessed an unprecedented growth of 159 percent over the past five years, with assets skyrocketing from Rs 11,298 crore to Rs 29,268 crore.

This exponential expansion solidifies Assam’s stature as a significant contributor from the Northeast to India’s mutual fund industry, highlighting the state’s pivotal role in the nation’s economic framework.

In response to this noteworthy achievement, Sarma commented, “Assam’s extraordinary growth in mutual fund investments is a testament to the India Growth Story, showcasing the confidence our citizens have in the markets and the substantial increase in their earnings.”

The data underscores a trend where Assam households are actively channeling their savings into the broader economic advancement of the country. The average net assets under management (AAUM) now stand at an impressive Rs 29,268 crore, indicative of a vibrant and flourishing investment culture in the region.

This financial surge not only demonstrates Assam’s active engagement but also its leadership in mutual fund investments among Northeastern states. Sarma underscored Assam’s role in propelling financial inclusion and awareness, crucial factors behind the significant uptick in mutual fund participation nationwide.