Women account for a fifth of total mutual fund investors, shows data

The number of women investors in the mutual fund (MF) industry account for 20 per cent of the total investors in the MF space.

According to additional data shared by the Association of Mutual Funds in India (Amfi), the number of women investors -- on the basis of Permanent Account Number (PAN) -- has risen from 4.6 million in December 2019 to 7.4 million in December 2022.

Interestingly, the number of women investors under the age group of 18-24 years has gone up four times in the same period.

In the last three years, there has been a jump of 1.3 million women investors, each, from B30 and T30 cities.

 

The association also noted that there has been a sharp increase in the number of women investors during the Covid-19 years.

Though there has been over 2.3 times growth in investor count in the 25-35-year age group, the larger pie is contributed by women above the 45-year age group. They account for over 38 per cent of the total women investors.

However, financial advisors noted that it is not clear as to how many of the total women investors manage their own investments. They believe that a significant portion of such holdings have been traditionally maintained by male members in the family to either save tax or for other purposes. 

As of December 2022, the total number of MF investors stood at 36.2 million, which has risen to 37.6 million at the end of March 2023.