Kolkata, July 31st 2025: The Wealth Company Mutual Fund (Wealth Company Asset Management Holdings Private Limited), a Pantomath Group company, reinforced its commitment to democratizing wealth creation by spotlighting the rising momentum of mutual fund investing in Kolkata and across West Bengal. As the 5th-ranked city in India for mutual fund assets under management (AUM), Kolkata contributes 3.49% to the country’s total AUM, underscoring its position as a critical hub in the retail investment landscape.
Investor behaviour in West Bengal reflects a disciplined, long-term approach to financial growth. The state witnessed a nearly 28% year-on-year rise in average AUM as of May 2025, highlighting a strong appetite for mutual funds. Kolkata alone saw SIP registrations increase from 1.2 lakh in FY 2023–24 to over 1.8 lakh in FY 2024–25, signalling deepening investor engagement and a growing preference for systematic wealth-building tools.
Women have emerged as a significant force in this transformation, now accounting for 33.3% of mutual fund AUM in West Bengal. This trend places the region among India’s top states for female-led investing, reflecting a broader cultural shift toward financial independence and informed decision-making.
“Kolkata has always been known for its intellectual depth and financial discipline. Today, it is becoming a strong force in India’s retail investment story. With growing SIP adoption and rising AUM, the city is showing how everyday investors can build long-term wealth through consistent investing. At The Wealth Company, our goal is to make mutual fund investing simple, accessible and inclusive—whether someone lives in a metro or a small town. This is not just about financial inclusion. It is about helping people build sustainable financial habits that support their life goals”, stated Madhu Lunawat, Founder, MD & CEO, The Wealth Company Mutual Fund in a press statement.
Lunawat Further added, “Retail investing in India is changing quietly but significantly. Mutual funds have emerged as one of the most effective tools for long-term wealth creation, especially for first-time and retail investors. In a market like Kolkata, where investor participation is steadily increasing, we see a clear opportunity to offer simple, research-driven products that support goal-based investing. Our focus is to help investors build portfolios that evolve with them through every stage of life.”
Adding to it Debasish Mohanty, Chief Strategy Officer, The Wealth Company Mutual Fund said, “Kolkata is more than a financial market—it’s a city of investors who value knowledge and consistency. Our goal is to nurture this ecosystem with transparent products, intuitive digital experiences, and investor-first communication. We believe mutual funds are no longer just for the financially savvy—they’re for everyone who wants to take charge of their future.”
The Wealth Company Mutual Fund also acknowledges Kolkata and West Bengal as a case study in retail investor transformation. In Kolkata, SIP registrations jumped from 1.2 lakh in FY 2023–24 to over 1.8 lakh in FY 2024–25 signaling growing investor engagement in the city. At the state level, West Bengal has emerged as a strong contributor to the mutual fund movement. The region recorded a nearly 28% year-on-year rise in average AUM as of May 2025. Notably, women now hold 33.3% of the mutual fund AUM in the state, placing West Bengal among the top regions for female-led investing.
The Wealth Company Mutual Fund is the first and only mutual fund house in India founded by a woman. It recently received SEBI’s approval to commence operations and has laid out a bold roadmap to onboard up to one-third of its investor base from Tier 2 and Tier 3 cities by 2030. The AMC blends institutional investing principles with retail-centric simplicity, backed by a legacy of managing HNI investors.
The AMC operates as the asset management arm of the Pantomath Group, a diversified financial services institution with significant capabilities across capital markets, investment banking, institutional advisory, and growth capital solutions. The Wealth Company Mutual Fund is helmed by a high-caliber leadership team and is building a digitally enabled, nationwide MFD (Mutual Fund Distributor) network, with best-in-class training, AI-powered research tools, and on-ground support.
