look news india
Ahmedabad: When it comes to saving money, women mostly turn to safe investments or savings. But now women have shown interest in the market. According to data from the Association of Mutual Funds (AMF), the share of women investors in mutual funds has increased from 15% in March 2017 to about 21% in December 2023.
In February this year, total assets under management in mutual funds stood at Rs. The reason for the figure of Rs 50 lakh crore is also believed to be that a large number of passive investors have turned to mutual funds for the purpose of saving and earning.
Another important point is that the pace of development during this period was higher in underdeveloped or underdeveloped centers than in urban centres. Women's portfolio and wealth share increased from 15% to 18% and 17% to 28% respectively in M-30 cities.
The report said that about 50% of women investors fall in the age group of 25-44 years compared to about 45% of the total group of individual investors. Most women invest under the regular plan route.
The share of women in the mutual fund industry is highest in Goa at 40%, followed by the north-eastern states at 30%. Even in Chandigarh, Maharashtra and New Delhi, more than 30% of assets under management are held by women. Apart from this, the number of women mutual fund distributors has also increased.
