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Latest AMFI CRISIL Factbook 2024 data shows that MFDs still remain the preferred investment mode for women investors.
80% of MF AUM held by women is in regular plans in March 2024. However, the proportion of women investments through regular plan has decreased from 86% in March 2019.
Here are other important data related to women investors.
Investment duration
- 21% MF AUM held by women investors has been invested for over five years in March 2024. This number has gone up from 9% in March 2019
- For men investors, 20% of AUM is held for over five years, increasing from 8% in March 2019
- Similarly, 25% AUM of women investors has been invested for less than one year in March 2024 compared to 27% AUM of men investors
- The MF AUM with less than one year holding period was 40.5% in women and 42% in men in March 2019
SIP AUM
- The SIP AUM from women investors has increased by 319% from Rs. 77,000 crore in March 2019 to Rs. 3.24 lakh crore in March 2024
- Overall, the share of women in SIP AUM is 30.5% in March 2024
State-wise participation of women investors
- Women make up 25% of the unique investors of the MF industry
- Women investors also account for 33% of the total individual AUM of the industry
- Mizoram has the highest share of women investors in total individual AUM of the state at 44%, while Nagaland is second at 39%
- Andaman Nicobar Islands is third on the list with women investors accounting for 38.6% of the state’s individual AUM
- Other states & UTs with high share of women investors in individual AUM include Sikkim (38%), Goa (37%) and New Delhi (36.8%). The share of women investors in individual AUM for each state & UT is given below:
|
State and union territories |
Share of women investors in individual AUM |
|
Mizoram |
44 |
|
Nagaland |
39 |
|
Andaman & Nicobar Islands |
39 |
|
Sikkim |
38 |
|
Goa |
37 |
|
Meghalaya |
37 |
|
Gujarat |
35 |
|
Maharashtra |
35 |
|
Chandigarh |
35 |
|
Arunachal Pradesh |
34 |
|
Madhya Pradesh |
34 |
|
Tamil Nadu |
33 |
|
Assam |
33 |
|
Telangana |
33 |
|
Chhattisgarh |
33 |
|
Uttar Pradesh |
33 |
|
West Bengal |
33 |
|
Manipur |
32 |
|
Punjab |
32 |
|
Haryana |
32 |
|
Karnataka |
32 |
|
Daman & Diu |
31 |
|
Uttarakhand |
31 |
|
Odisha |
31 |
|
Jharkhand |
31 |
|
Dadra Nagar Haveli |
30 |
|
Andhra Pradesh |
30 |
|
Puducherry |
29 |
|
Himachal Pradesh |
29 |
|
Kerela |
29 |
|
Bihar |
29 |
|
Tripura |
28 |
|
Jammu & Kashmir |
28 |
|
Lakshadweep |
14 |
Participation of women in T30 & B30 cities
- Total AUM (T30 + B30) from women investors has grown 246% from Rs. 4.6 lakh crore in March 2019 to Rs. 11.3 lakh crore in March 2024
- The composition of individual assets of women investors has changed from 80% in T30 and 20% in B30 in March 2019 to 75% in T30 and 25% in B30 in March 2024, highlighting the increasing participation of women in B30 cities
Portfolio composition of women investors
- The share of equity in overall AUM of women investors has increased from 43% in March 2019 to 64% in March 2024
- However, the debt allocation of women investors has decreased from 23% in March 2019 to 11% in March 2024
- When it comes to passive funds, the allocation of women’s investment has increased in this segment from 2.5% in March 2019 to 4% in March 2024
- The share of women investors in gold ETF has increased from 5% in March 2019 to 25% in March 2024, indicating a preference towards investment in gold
Age-wise portfolio composition
- Women investors below 25 years form 2% of total AUM of women investors. Their portfolio comprises 7% debt, 69% equity, 14% hybrid, 5% passive and 5% other investment
- Women in 25-44 age group make up 28% of the total AUM of women investors. Their portfolio comprises 7% debt, 76% equity, 11% hybrid, 5% passive and 2% other investment
- Women in the 45-58 age bracket constitute 30% of the total assets of women investors. When it comes to their portfolio, it comprises 10% debt, 65% equity, 19% hybrid, 4% passives and 2% other investments
- Senior citizen women over 58 years make up 38% of the total assets of women investors. Their portfolio constituents include 10% debt, 66% equity, 19% hybrid, 4% passive and 2% other investments
Direct plan
- The share of direct plan in investments by women in MF has also recorded an increase from 14% in March 2019 to 20% in March 2024
- The increase in adoption of direct plans is more in the 25-44 age group where it has increased from 16% to 27% in this period
- In the below 25 age group, the share of investments through direct plan in women has increased from 16% to 22% in this five-year period
- The increase in share of direct plan has increased by 4% from 13% to 17% in the 45-58 age group while it has increased similarly from 14% to 18% in women investors above the age of 58.
