Investment in mutual funds is attracting women!
Investment 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 by women, their assets under management have increased from Rs 4.59 lakh crore in march 2019 to Rs 11.25 lakh crore in march 2024, which is double.
The Association of Mutual Funds in india, an organization of mutual funds, said in a report released in partnership with Crisil that women investors now represent 33 percent of the AUM of total individual investors. According to the report, the number of women investing in mutual funds has also increased rapidly and now one out of every four investors is a woman. Additionally, women have seen a sharp increase in the average size of their investment portfolios, with their folio size increasing by 24 per cent between march 2019 and march 2024, compared to only 6 per cent for men.
The report also showed strong growth in Systematic Investment Plans (SIPs), with smallcap funds emerging as the top performers, accounting for more than half of the total AUM in this category. Additionally, SIPs have also increased in midcap funds, with nearly 46 per cent of the AUM in this category coming from regular investments. Despite growth in most equity categories, sectoral, thematic and dividend yield categories have seen a decline in the share of SIP AUM. According to the report, SIP AUM has grown by 300 per cent to Rs 10.62 lakh crore in march 2024 from Rs 2.66 lakh crore in march 2019.
According to the report, the reason for this increase is the increasing craze of SIP. More craze of SIP is being seen in the age group of 18-34 years. The SIP AUM of this age group has increased by more than 2.6 times in the last five years and it has increased to Rs 1.51 lakh crore in march 2024, which was Rs 41,209 crore in march 2019.
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