India had 37,376 Women Mutual Fund Distributors – MFDs
Mrs.
Sudha Venkatesh, Director, www.gururamfinancialservices.com
A report released by AMFI & CRISIL shows that the Indian
Mutual Fund (MF) Industry had 37,376 women mutual fund distributors (MFDs) as
on December 2024. This is 21.5% of the total registered MFDs in India.
Currently,
the MF industry has 1.74 lakh individual MFDs as on December 2024.
AMFI
(Association of Mutual Funds in India) feels that women MFDs can bring in a
greater number of women clients in the MF industry. It said, “Effective
investment advice & handholding can play a significant role in shaping
investment behavior and it is likely that the growing pool of knowledgeable and
experienced distributors has contributed to the increasing trend of long-term
investing among women. And who better to handhold a woman investor than a woman
herself, since she may understand the financial planning needs better.”
Further, the
data reveals that 79% of women AUM in mutual funds are in regular plans
indicating their preference in working with MFDs.
Here are
other key insights of women investors:
·
The
AUM of women investors in mutual funds have gone up from Rs.4.59 lakh crore in
FY 2019 to Rs.11.25 lakh crore in FY 2024.
·
33%
of the total assets by individual investors has come from women
·
In
terms of women investors, 1 in 4 unique investors in the MF industry is a woman.
·
AMFI
conducted 24 women specific investor education programs in April-December 2024
which saw participation from over 5700 women
Mrs.
Sudha Venkatesh, Director, www.gururamfinancialservices.com
GuruRam
Financial Services Pvt. Ltd.
New No. 14, Old No. 37C, First Floor
Nathamuni Street, T Nagar, Chennai -600017
Tel. +91-9677267889, 9677025125
Email: gururamforyou@gmail.com
https://www.gururamfinancialservices.com/index.php
Disclaimer: Mutual Fund investments are subject to
market risks, read all scheme related documents carefully. The past performance
of the mutual funds is not necessarily indicative of future performance of the
schemes.
