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Most women mutual fund (MF) investors take investment advice from professionals, friends and family but take the final call themselves, according to a survey by Axis Mutual Fund (MF). The fund house said 72 per cent of the women investors take their decisions independently, adding that the investment amount of women investors is 25 per cent higher on an average than their male counterparts.
The finding is based on data of 10 million Axis MF investors, 30 per cent of whom are women, the fund house stated. Over 1,100 women investors participated in the survey.
“The mutual fund industry is undergoing a dynamic shift as more people, particularly women, embrace investing in mutual funds as part of their financial strategy. Our research into the investment patterns of Axis MF investors reveal that women constitute 30 per cent of Axis Mutual Fund customer base and hold Rs 35 per cent of the total assets under management,” said B Gopkumar, MD&CEO, Axis AMC.
First Published: Jul 01 2024 | 8:19 PM IST