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Bengaluru, April 01, 2025: The latest AMFI-Crisil report highlights a paradigm shift in women’s financial behavior in India, showcasing a steady transition from savings to investment. The findings indicate that increasing workforce participation, digital financial adoption, and targeted financial literacy initiatives are driving greater involvement of women in wealth creation.
Key Insights from the AMFI-Crisil Report:
- Financial Inclusion on the Rise: India’s Financial Inclusion Index (FI-Index), published by the RBI, has risen from 60.1 in March 2023 to 64.2 in March 2024. A crucial factor in this growth is the significant rise in women-led bank accounts, with 29.56 crore of the 53.13 crore accounts under Pradhan Mantri Jan Dhan Yojana (PMJDY) now held by women.
- Women’s Workforce Participation Surges: Women’s participation in the workforce has almost doubled in recent years, rising from 23.3% in 2017-18 to 41.7% in 2023-24. Rural women have been leading this shift, with their workforce participation at 47.6%.
- Digital Adoption Accelerates Investment Access: Between 2014 and 2021, the proportion of women using digital payment channels has doubled from 14% to 28%, reducing the gender gap in financial transactions and improving investment access.
Women and Mutual Fund Investments
- Surge in Women Investors: The number of women investing in mutual funds has grown at a CAGR of 20% over the last five years. Women now contribute to ~25% of new mutual fund folios, demonstrating a strong shift from traditional savings to market-linked investments.
- Preference for SIPs and Long-Term Wealth Creation: Women investors are showing a preference for Systematic Investment Plans (SIPs), with nearly 40% of SIPs registered in the last year belonging to female investors. The focus remains on long-term wealth creation, signaling a maturing investment mindset.
- Geographic Expansion: While urban women continue to dominate investments, mutual fund penetration among semi-urban and rural women has increased by 15% year-on-year, driven by digital financial inclusion and targeted investor awareness programs.
The Road Ahead
The report underscores that financial literacy and investment awareness programs are playing a crucial role in enabling women to make independent financial decisions. With higher disposable incomes, increasing digital adoption, and access to structured investment options, women are poised to play an even greater role in India’s investment ecosystem.
The AMFI-Crisil report predicts that with sustained efforts in financial education and inclusion, women’s contribution to mutual fund assets under management (AUM) could rise to 30% by 2030, reinforcing their growing influence in India’s financial markets.
