Women’s stake in mutual fund doubles in five years, now 33% of total assets – CNBC TV18

Female investors are rapidly making their mark in mutual fund space, their share of investment has increased significantly in the last five years.

According to the Mutual Funds of Mutual Funds (AMFI) in India, women now hold 33% of the total individual investors assets under Management (AUM) by March 2024. Their total mutual fund investment has exceeded double, showing a strong shift and West West Cross in 2019 and a strong shift in 2024 and in 2024.

One of the major drivers of this development is to increase systematic investment plans (SIPs). In the last five years, the total SIP AUM has increased by more than 319%.

While the Metro City (T30 city) still dominates about 75% of women with AUM, there is a notable change in investment participation from small cities (B30 cities). Women investors’ stake in B30 cities increased from 20% in 2019 to more than 25% in 2024.

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This positive tendency aligns with large socio-economic changes. Women’s workforce participation in 2024 has almost doubled, and their literacy rate is growing faster than men.

With greater financial freedom, increasing economic participation and rising hunger for investment, women have been designed to play a bigger role in the mutual fund industry.

LXME founder Pita Rathi Gupta said that LXME was designed to equip women with investment knowledge and to empower their participation in financial markets. He said that the forum was launched in response to significant socio-economic changes, including financial literacy, more digital access and evolving mindset.

This change is clear not only in major urban centers (T -30 cities) but also in small cities (B -30 cities), where more women are actively engaged in financial decisions.

Gupta revealed that the number of single women in India has reached around 75 million – equal to the joint population of Britain and Germany. Factors such as marriage, divorce rate and life expectancy for women have contributed to this growth, inspired more women to take charge of their financial decisions.

Shibani Sirkar Kurien, head of Equity Research and Fund Manager at Kotak Mahindra AMC, said that SIP has played an important role in helping women go on its way for financial freedom and long -term money creation. She saw a significant increase in women’s participation in SIP, making them a favorite route to enter mutual fund investment space.

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