While women represent only 25.1% of unique investors in India’s mutual fund industry, they account for a higher percentage of total assets under management (AUM) held by individual investors, according to a report released on Sunday by AMFI and Crisil Intelligence.
The findings suggest that women, on average, invest larger sums than men, highlighting their growing influence in the financial sector.
The report revealed that 13 states and union territories surpass the national average in AUM contributions by women, with the Northeastern states showing exceptional participation.
Mizoram tops the list, with women holding 44.1% of the total AUM, followed by Nagaland (39.1%), Andaman & Nicobar Islands (38.6%), Sikkim (37.9%), Goa (37.2%), and New Delhi (36.8%).
Economic powerhouses such as Maharashtra, Gujarat, and West Bengal also exhibit strong contributions, with rates ranging from 33.3% to 35.4%.
Northeastern states, influenced by matrilineal traditions and women-centric cultural norms, are particularly noteworthy for their active female investors.
Additionally, Mizoram, Nagaland, and Goa, known for high literacy rates and progressive societal indicators, have seen significant growth in women’s participation in investments.
In metro regions like Delhi, Maharashtra, and Gujarat, rising financial awareness and robust economic activity have driven women’s engagement in mutual funds.
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However, states like Haryana, Rajasthan, and Bihar lag behind due to lower literacy rates and limited financial inclusion.
The report also highlighted a remarkable rise in women’s AUM over the past five years, more than doubling from Rs. 4.59 lakh crore in March 2019 to Rs. 11.25 lakh crore in March 2024.
Notably, women’s AUM share in non-metro cities grew from 20.1% in 2019 to 25.2% in 2024, indicating increased interest in mutual fund investments beyond the top 30 metropolitan areas.
