MF assets declined faster for frontier territories amid volatility

Sharp drop in total assets under management compared to rest of the country

The mutual fund industry’s saw investment holdings from some states and union territories decline faster than others after the stock market hit its peak.

At least five territories have seen their assets decline by a tenth or more of what they were during October 2021, shows an analysis of numbers from tracker Prime MF Database. They include Manipur (-11.5 per cent), Sikkim (-14.6 per cent), Dadra and Nagar Haveli (-21.1 per cent), Daman and Diu (-29.5 per cent) and Lakshadweep (-75.3 per cent). The country’s total assets under management grew 0.9 per cent in the same period as seen in