Women participation has increased by three times in five years, shows the CAMS report titled ‘Women Power In Mutual Funds’.
The report reveals that 60 lakh women have invested in CAMS serviced fund houses with AUM of Rs.4.50 lakh crore in mutual funds.
Here are some key highlights of the report. All findings reflect data pertaining to CAMS serviced fund houses:
- Over 1.40 crore MF folios have come from women investors
- CAMS serviced fund houses received gross inflows of Rs.1.82 lakh crore from women investors in 2021. Further, women have invested Rs.25,000 crore via SIP and Rs. 1.60 lakh crore through lumpsum purchases
- Women investors are skewed towards equity funds. Over 76% of their total assets are invested in equity schemes
- Women investors have 18% of their total assets in hybrid funds and 6% in debt funds
- Women investors account for 31% of the total individual assets with CAMS serviced fund houses
- 66% of women investors are less than 50 years old
Demographics
In a press release, Anuj Kumar, Managing Director, CAMS, said “Financial independence and increasing awareness about financial assets led wealth creation are narrowing the gender divide in the traditionally male dominated investment space. The trend is not restricted to top tier cities which is another indicator of changing behavior of women towards personal wealth management. Millennial women making up 30% of the base is another positive indication as they have another 30 years of investing ahead of them.”
