2024 Sees a 2.5-Fold Increase in Women Investors in India's Mutual Fund Sector
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New Delhi, Dec 28 (NationPress) The number of women investors in the Indian mutual fund (MF) sector, particularly from smaller towns and rural areas, has increased by over 2.5 times year-on-year on average, fueled by a thriving stock market, as indicated by a report published on Saturday.
The trend of women’s financial inclusion is on the rise in both urban and emerging regions, with tier 4 cities witnessing an impressive growth of more than 140 percent in women’s engagement in the MF market, according to statistics provided by the online brokerage firm Groww.
“We experienced remarkable growth across all segments in 2024, but two segments were particularly notable. The surge in women investors has resulted in their numbers doubling this year, while portfolios exceeding Rs 1 crore have tripled,” said Lalit Keshre, Co-founder and CEO of Groww, on his X account on Saturday.
Participation of women in MFs has also seen over 100 percent growth in Metro, tier 1, tier 2, and tier 3 cities.
Among the cities with the highest concentration of women MF investors are Delhi, Mumbai, and Kolkata (Metro), along with Pune, Lucknow, Nagpur, Ahmedabad, and Jaipur (Non-Metro).
“Women’s SIP contributions are 25 percent higher than those from men, with female SIP investors now accounting for one in four, compared to one in five last year,” the data revealed.
In terms of monthly SIP contributions, the average ticket size stands at Rs 2,500, reflecting a focus on long-term wealth accumulation.
Among female SIP investors, 50 percent are under the age of 30, followed by 33 percent in the 30-40 age group, while 17 percent are aged 40 and above.
Meanwhile, the Indian mutual fund industry has experienced a remarkable rise in 2024, with assets under management (AUM) for all MF schemes increasing by over Rs 17 lakh crore this year.
Data from the Association of Mutual Funds in India (AMFI) shows that the mutual fund sector's AUM reached Rs 68 lakh crore at the end of November 2024, which is Rs 17.22 lakh crore or 33 percent higher than the December 2023 AUM of Rs 50.78 lakh crore.
A record 42,76,207 investors entered the Indian stock market in November, according to data from the National Stock Exchange (NSE).
Furthermore, a recent report by SBI Research indicates that the nation is witnessing the opening of at least 30 million new demat accounts annually since 2021.
