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Mutual Fund: Investing in the stock market is also attracting women these days. In such a situation, the number of women investors in India is increasing rapidly and women are also investing in mutual funds on a large scale. Due to heavy investment of women, their assets under management increased from Rs 4.59 lakh crore in March 2019 to Rs 11.25 lakh crore in March 2024, which is double.
The organization of Mutual Funds, Association of Mutual Funds in India, said in a partnership with Chrisil that women investors now represent a 33 percent stake of AUM of total individual investors. According to the report, the number of women investing in mutual funds has also increased rapidly and now one of the four investors is a woman. Additionally, there has been a sharp increase in the average size of women’s investment portfolio, their folio size increased by 24 percent between March 2019 and March 2024, while this increase for men is only 6 percent.
The report also showed a strong growth in the systematic investment plans (SIPs), with smallcap funds that emerged as the top performer, which has more than half of the total AUMs of this category. Additionally, SIP has also increased in midcap funds, about 46 percent of AUM in this category comes from regular investment. Despite the increase in most equity categories, the share of SIP AUM has seen a decline in sectoral, themetic and dividend yield categories. According to the report, SIP AUM has increased by 300 percent. It has increased to Rs 10.62 lakh crore in March 2024, which was at Rs 2.66 lakh crore in March 2019.
According to the report, the reason for this increase is the increase in SIP. In the age group of 18-34, there is more craze of SIP. The SIP AUM of this age group has increased by more than 2.6 times in the last five years and has increased to Rs 1.51 lakh crore in March 2024, which was Rs 41,209 crore in March 2019.
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