Women invest more in mutual funds than men

New Delhi: A report released by the Association of Mutual Funds in India and CRISIL suggests that women invest more in mutual funds than men. Women investors have one-third of individual investors in mutual funds, while their stake in individual investors is one-fourth.

The AUM -based participation rate is higher than the general investor -based participation rate. This shows that women invest more than men.

In the last five years, women investors have increased interest in mutual funds in India. According to the study, in March 2019, women investors’ management under management (AUM) was Rs 1,25,000 crore. 4.59 lakh crore rupees, which doubles Rs. It will be Rs 1.59 lakh crore in March 2024. It was Rs 11.25 lakh crore. In the study, the credit for rapid growth in the AUM of women investors has been credited to industry initiatives and awareness programs.

Women’s participation in AUMs in 13 states and union territories is more than 33%. These include Mizoram, Nagaland, Andaman and Nicobar Islands, Sikkim, Goa, New Delhi, Gujarat, Maharashtra, Meghalaya, Chandigarh, Madhya Pradesh, Arunachal Pradesh and West Bengal.

Women’s share in the total AUMs related to women in the top 30 cities of the country is about three-fourths. The share of women in rural areas is also increasing continuously.

The report states that female investors have large stake in the total AUMs in the top 30 cities (74.8 percent by March 2024). The share of women in this has increased from 20.1 percent in March 2019 to 25.2 percent in March 2024, which shows the increasing reach among women in small cities.

The share of young women in AUM is more in smaller cities than in large cities. Women under the age of 35 in AUMs in small towns have 15.1 percent, which is much higher than in large cities. According to the study, the difference suggests that young women from small cities are more active in investing in mutual funds.