Metropolitan Cities Fuel Indian Mutual Fund Rise as Women Start to Invest
India’s mutual fund industry reached an all-time high by March 2025 when total investments (Assets Under Management or AUM) grew to Rs. 65.74 lakh crore. This is a whopping 23.11% rise over Rs. 53.40 lakh crore in March 2024.
These funds are being contributed by five large cities Mumbai, New Delhi, Bengaluru, Pune, and Kolkata to a great extent. These five cities contribute the majority, a total of 52.52% of all mutual fund investment in the country, and that is approximately Rs. 34.52 lakh crore.
Mumbai leads with the highest share of 27% (Rs. 17.75 lakh crore). It is followed by New Delhi with 12.63%, Bengaluru with 5.39%, Pune with 4%, and Kolkata with 3.49%.
This is attributed by experts to the fact that most large corporations and banks have their headquarters there, thus their investment in mutual funds is also included there. This accounts for the higher numbers there than in other regions.
One more positive indicator is that increasingly women are investing in mutual funds. 1.38 crore women are investors in mutual funds as of March 2025. That represents 25.91% of the total 5.34 crore individual investors in India. Money invested by women has increased more than double over the last five years from Rs. 4.59 lakh crore as of March 2019 to Rs. 11.25 lakh crore as of March 2024.
More and more women are opting to invest in SIPs (Systematic Investment Plans) and opting for long-term investment vehicles such as equity mutual funds. This indicates growth in the level of interest of women in managing money and building wealth.
Though large cities continue to rule the roost as far as investment in mutual funds is concerned, increasing numbers of women investors and heightened awareness in the country are indicators of a shift towards improved change in investment culture.
