Synopsis
A recent report reveals that women investors have significantly impacted mutual fund growth, with their AUM more than doubling in five years. Representing 33% of total AUM, female investors are reshaping the investment landscape, particularly among younger demographics.Key Takeaways
- Women’s AUM in mutual funds has doubled in five years.
- They now represent 33% of total individual investor AUM.
- Investment portfolios for women grew by 24%.
- SIP AUM saw a 300% surge.
- Young investors (18-34) drove growth in SIP investments.
Mumbai, March 3 (NationPress) Female investors are increasingly significant in the realm of mutual fund investments, as their Assets Under Management (AUM) has surged from Rs 4.59 lakh crore in March 2019 to Rs 11.25 lakh crore in March 2024, according to a recent report released on Monday.
The latest findings from the Association of Mutual Funds in India (AMFI) in collaboration with Crisil reveal that women investors now account for 33 percent of the total individual investors’ AUM.
Moreover, the number of women participating in mutual funds has increased significantly, with one in every four unique investors being female.
Women have also demonstrated a more rapid growth rate in their investment portfolios, witnessing a 24 percent increase in folio size between March 2019 and March 2024, in contrast to a mere 6 percent growth for men.
The report highlights significant growth in Systematic Investment Plans (SIPs), with smallcap funds emerging as the leading performers, representing over half of the total AUM in this segment. SIP investments in smallcap funds have escalated from Rs 0.19 lakh crore during this timeframe.
Additionally, SIPs in midcap funds have expanded, with nearly 46 percent of the AUM in this category stemming from regular investments. Despite the overall increase in most equity categories, sectoral, thematic, and dividend yield categories have seen a decrease in the share of SIP AUM.
Total SIP AUM has experienced an astonishing 300 percent growth, climbing from Rs 2.66 lakh crore in March 2019 to Rs 10.62 lakh crore by March 2024.
The unique number of mutual fund investors has also more than doubled over the last five years, rising from 2.1 crore.
A pivotal factor contributing to this surge has been the growing acceptance of SIPs, especially among younger investors aged 18-34, where SIP AUM for this demographic skyrocketed more than 2.6 times, from Rs 41,209 crore in March 2019 to Rs 1.51 lakh crore in March 2024.
