The number of women investors in the mutual fund (MF) industry rose to 74.49 lakh at the end of December 2022.
At the end of December 2019 the figure stood at 46.99 lakh.
The data is provided by the Association of Mutual Funds in India (AMFI).
Overall figures
Overall, the number of unique investors as gauged by PAN/PEKRN (PAN exempted KYC Reference Number) jumped over 3x from 1.20 crore at the end of March 2017 to 3.77 crore at the end of March 2023.
This incline in unique investors has been witnessed after the breakout of the pandemic.
It jumped from 2.08 crore at the end of March 2020 to 3.77 crore at the end of March 2023.
N S Venkatesh, Chief Executive Officer (CEO), AMFI, says that nearly 40 lakh new investors came into the MF world last year, despite flat markets.
Age groups- Younger
Breaking up the data into age groups, around 35 percent of overall investors were from 45 years and above age group.
The data also showed that the percentage share of investors between 18 and 24 years zoomed in the last 10 financial years.
2.82 lakh women investors belonged to the age group of 18 to 24 years of age.
Female investors in this age group jumped more than four times since December 2019, highlighting the appeal of MFs among young investors.
Age groups- Older
The maximum number of women investors, standing at 28.45 lakh were aged 45 years and above.
This is an incline from 22.13 lakh in December 2019, a growth of a mere 29 percent during this period.
In terms of asset break-up, women investors had Rs 6.13 trillion invested under regular plans of MFs, while Rs 1.42 trillion was under direct plans.
T30 and B30 cities
AMFI reports that during the pandemic there was a sharp rise in women investors in both T30 and B30 cities.
T-30 refers to the top 30 geographical locations in India and B-30 refers to the locations beyond the top 30.
Female investors in T30 cities have grown from 27.95 lakh in December 2019 to 41.67 lakh in December 2022.
This is an increase of 13.73 lakh in the last three years.
Under the B30 cities, while 19.05 lakh women started investing in MFs in 2019, this number grew to 32.83 lakh in December 2022.
