Women may be fewer in number when it comes to investing in mutual funds, but they’re making their money count, as per data from AMFI and Crisil Intelligence’s ‘From Savings To Wealth Creation’ report. While only 25.1% of unique investors in India’s mutual fund space are women, they account for a higher percentage of the total assets under management held by individual investors—suggesting that women tend to invest larger amounts than men.
Thirteen states and union territories have exceeded the national average in AUM contribution by women. As per the report, Mizoram is in the lead with 44.1%, followed by Nagaland (39.1%), Andaman & Nicobar Islands (38.6%), Sikkim (37.9%), Goa (37.2%), and New Delhi (36.8%). Maharashtra, Gujarat, and West Bengal also feature on the list, with participation rates ranging from 33.3% to 35.4%.
Several northeastern states stand out due to their matrilineal social structures and women-centric cultural norms, said the AMFI-Crisil report, which encourages women to take an active role in financial decision-making. States like Mizoram, Nagaland, and Goa, known for their high literacy rates and progressive social indicators, also show strong participation in investments.
Meanwhile, economic hubs such as New Delhi, Maharashtra, and Gujarat benefit from higher financial awareness, driven by strong economic activity and literacy rates.
In contrast, states like Haryana, Rajasthan, and Bihar report lower women’s participation in AUM, which the report suggests may be linked to lower literacy levels and limited financial inclusion.
The AMFI-Crisil report had highlighted that women investors’ assets under management have more than doubled in five years, rising from Rs 4.59 lakh crore in March 2019 to Rs 11.25 lakh crore in March 2024. The share of women investors’ AUM in B30 cities grew from 20.1% in 2019 to 25.2% in 2024, signalling deeper mutual fund penetration in non-metro regions.
