Mutual Fund Industry Sees a Surge in Women Investors, with 27.50 Lakh Joining in the Last Three Years

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Number of Women Investing in Mutual Funds Increases by 57% in the Last Three Years, Reaching 7.45 Million”

Over 2.5 Million Women Join Mutual Fund Investing in the Last Three Years: AMFI Data

April 15, 2023: According to the Association of Mutual Funds in India (AMFI), the number of women investors in the mutual fund industry has increased from 46.99 lakh in December 2019 to 74.49 lakh at the end of December 2022.

The overall number of unique investors has also increased more than three times, from 1.20 crore at the end of March 2017 to 3.77 crore at the end of March 2023, with around 40 lakh new investors joining the market last year.

The data also shows that while around 35% of overall investors were from the 45 years and above age group, the percentage share of investors in the 18-24 years age group has increased in the last 10 financial years.

This surge in unique investors has been observed after the Covid-19 outbreak, with the number of investors rising from 2.08 crore at the end of March 2020 to 3.77 crore at the end of March 2023, despite flat markets, says N S Venkatesh, CEO of AMFI.

According to the Association of Mutual Funds in India (AMFI), about 27.50 lakh women investors joined the mutual fund bandwagon in the last three years, which is a 40% increase compared to the previous three years.

The data revealed that as of February 2021, the total number of women mutual fund investors reached 1.32 crore, representing a 14% growth from the same period last year.

The report also stated that women’s contribution to the industry’s assets under management (AUM) rose from 23% in March 2018 to 28% in February 2021, indicating an increase in financial inclusion and awareness among women.

N S Venkatesh, CEO of AMFI, said that the rise in the number of women investors is a positive sign and the industry is working towards further enhancing financial literacy among women.

He also noted that mutual funds are a good investment option for women due to their flexibility, transparency, and diversified portfolio.

Moreover, AMFI has also been promoting gender diversity and inclusivity in the industry through various initiatives like investor awareness campaigns, investor education programs, and workshops for women investors.

The industry body has also been pushing for more representation of women in leadership roles in mutual fund companies.

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