NEW DELHI — Women
investors in the Indian mutual fund (MF) industry, especially from the smaller
cities and towns, have grown more than 2.5 times (year-on-year) on average amid
the boom in the stock market, a report showed on Saturday.
Women’s financial inclusion is increasing across urban and
emerging regions and tier 4 cities saw a whopping over 140 per cent growth in
women’s participation in the MF market, according to data shared by online
brokerage Groww.
“While we had amazing growth across all segments in 2024,
two segments stood out. Rise of women investors - number has doubled this year.
And the number of portfolios with size greater than 1 crore tripled this year,”
Lalit Keshre, Co-founder and CEO, Groww, posted on X on Saturday.
The women’s participation in MFs saw more than 100 per cent
growth in Metro, tier 1, 2 and 3 cities.
Among the cities with the highest number of women MF
investors are Delhi, Mumbai and Kolkata (Metro) and Pune, Lucknow, Nagpur,
Ahmedabad and Jaipur (Non-Metro).
“Women’s SIP contributions are 25 per cent higher than
men’s, and female SIP investors now make up one in four (compared to one in five
last year),” the data showed.
When it comes to monthly SIP contribution, the average
ticket size is INR 2,500 (indicating a focus on long-term wealth).
Among the women SIP investors, 50 per cent are less than 30
years of age, followed by 33 per cent in the 30-40 year bracket and 17 per cent
are age 40 and above.
Meanwhile, the Indian mutual fund industry saw a meteoric
rise in 2024, as the assets under management (AUM) of all MF schemes increased
by more than INR 17 lakh crore this year.
According to data from the Association of Mutual Funds in
India (AMFI), the mutual fund industry's AUM was INR 68 lakh crore at the end of
November 2024, which is INR 17.22 lakh crore or 33 per cent more than the
December 2023 figure of INR 50.78 lakh crore.
A record 42,76,207 investors joined the Indian stock market
in November, the National Stock Exchange (NSE) data showed.
As per a latest SBI Research report, the country is
witnessing at least 30 million new demat accounts being opened every year since
2021.
