Listen to this article
AMFI data shows that 42000 women MFDs manage assets of Rs.1.70 lakh crore. This indicates that the average AUM of a woman MFD is Rs.4 crore in mutual funds.
AMFI said, “It is imperative that more women join the distributor community not only to further the penetration of mutual funds in the country but also to generate more employment for women in the country.”
Interestingly, while the share of women folios has remained constant in the past six years, their share in industry assets has expanded from 15% in March 2017 to nearly 21% as of December 2023. “What is more heartening is that this pace of growth is more prominent in the hinterland versus urban centres; the share of women folios and assets in B-30 cities has increased from 15% to 18% and from 17% to 28% during the period,” said AMFI.
These were some findings from AMFI report on women investors, which was recently launched at an event.
Unveiling this report, Madhabi Puri Buch, Chairperson, SEBI said, “Women can lead and champion the right investment causes by leveraging their perspectives, advocating for inclusive decision-making processes and fostering environments where diverse voices are heard and valued. Together, women can champion a paradigm shift where they are not confined by outdated stereotypes, but empowered to thrive authentically and unapologetically in every aspect of their lives. Let us, as an industry, cultivate an environment that recognizes women's role in investments domain.”
Navneet Munot, Chairman of AMFI, said, “The increasing participation of women in mutual funds is a testament to their growing economic empowerment. We are witnessing a positive trend towards greater financial literacy and inclusion among women, which is crucial for the overall development of our society. We, at AMFI as a part of our journey towards a Viksit Bharat want to take this to the next level by conducting more women focused investor awareness initiatives.”
Venkat Chalasani, Chief Executive of AMFI, added, "It is heartening to see women embracing new-age financial instruments, such as mutual funds, alongside traditional investment options. The increase in women distributors, highlights their ability to make financial decisions for themselves and guide others reflecting a growing confidence and financial awareness among women."
Here are some key findings of the report:
- Age analysis of women investors indicates almost 50% of women investors fall in the 25-44 years age group, versus around 45% for overall set of individual investors
- Goa boasts the highest share of women in the mutual fund industry at 40%, followed by northeastern states with high 30s percentages. Chandigarh, Maharashtra, and New Delhi also have over 30% share of women in the industry’s assets under management
- Most women continue to invest through the regular plan route in mutual funds and stay invested for longer when investing through a mutual fund distributor
- 27% women rely on experts like financial advisors and MFDs to invest their money. However, 47% still seek family member’s help to make investment decision
- An encouraging 26% women participate in financial decision of household
