One-third of individual MF assets come from women investors: AMFI

Women in Mutual Funds — A Rising Force

Women investors are emerging as a powerful force in India’s mutual fund industry, contributing significantly to both investments and distribution growth.

Growing Share of AUM

Women investors held assets worth Rs 17.86 lakh crore as of December 2025, marking a three-fold increase from Rs 5.44 lakh crore in December 2020. They now contribute 34.6% of the total industry AUM and account for 26.3% of unique mutual fund investors.

SIP Growth Outpacing the Industry

Women's SIP AUM increased from Rs 1.21 lakh crore in December 2020 to Rs 5.26 lakh crore in December 2025 — a 4.37 times rise, slightly ahead of the overall industry growth rate. Maharashtra, Gujarat, and Karnataka continue to lead in women investors’ AUM contribution.

Rising Presence in Distribution

Women Mutual Fund Distributors (MFDs) now represent 22.8% of the total distributor base. Maharashtra, Gujarat, Uttar Pradesh, West Bengal, and Karnataka together account for 62.2% of women MFDs across India.

State Highlights

Maharashtra has the highest number of women MFDs at 12,030. However, Goa leads in per-distributor AUM at Rs 12.49 crore, followed by Arunachal Pradesh at Rs 8.79 crore despite having only four women distributors.

What’s Next

AMFI expects continued growth in women participation within the mutual fund ecosystem, supported by awareness campaigns, training programs, and skill-building initiatives across the country.

This is a brief summary highlighting the rising participation of women in the mutual fund industry as investors and distributors. To know more in detail, click here.