Report sats 5.9 million women investors hold 14 million folios and assets under management of Rs 4.5 trillion
According to the report, ‘Women Power in Mutual Funds’, released by the registrar and transfer agent (RTA), there are 5.9 million women investors having 14 million folios and assets under management of Rs 4.5 trillion.
Anuj Kumar, managing director, CAMS, said “Financial independence and increasing awareness about financial assets led to wealth creation is narrowing the gender divide in the traditionally male-dominated investment space. The trend is not restricted to top tier cities, which is another indicator of changing behaviour of women towards personal wealth management. Millennial women making up 30 per cent of the base is another positive indication as they have another 30 years of investing ahead of them.”
Like every other investor, the preference of women is largely towards equity funds. 76 per cent of women invest in equity and only 6 per cent in non-equity and 18 per cent in both the categories.
The report is based on CAMS serviced assets under management (AUM) of Rs 26.5 trillion and 22 million investors representing about 70 per cent of the industry’s AUMs and investor base.