Share of Women in mutual funds AUM surges from 15.2% in 2017 to 20.9% in 2023: AMFI

Women’s empowerment in financial decision-making and their increasing momentum towards embracing capital market instruments is visible in the mutual fund industry. In line with the mutual fund industry’s exponential growth, crossing the Rs 50 lakh crore mark, women are also increasingly making their presence felt in the industry.

As per industry data mentioned in the note of Association of Mutual Funds in India (AMFI), the share of women in industry assets has expanded from 15% in March 2017 to nearly 21% as of December 2023. What is more heartening is that this pace of growth is more prominent in the hinterland versus urban centres; the share of women folios and assets in B-30 cities has increased from 15% to 18% and from 17% to 28% during the period.

Some of the findings of the report include:

– Age analysis of women investors indicates almost 50% of women investors fall in the 25-44 years age group, versus around 45% for overall set of individual investors.

– Goa boasts the highest share of women in the mutual fund industry at 40%, followed by northeastern states with high 30s percentages. Chandigarh, Maharashtra, and New Delhi also have over 30% share of women in the industry’s assets under management.

– Most women continue to invest through the regular plan route in mutual funds and stay invested for longer when investing through a mutual fund distributor.

– The number of women mutual fund distributors has steadily increased, nearing the 42,000 registration mark as of December 2023, managing over ₹1 lakh crore in AUM.