In India, women play a variety of roles in their lives: a daughter, a mother, a wife, a sister and many other. At the same time, women are also breaking the stereotypes to achieve their goals, fulfill their dreams and shouldering family responsibilities as much as men. They are in every domain be it politics, medical, sports, law, business and so on.
Although, when it comes to investing, women are prudent, rational and conservative at times and does not easily get swayed by irrational judgements. According to the report, "Women and Money Power 2022 Study" a financial platform for women, 22 per cent of women did not know about their investments while only 13 per cent of those who were investing did it independently.
However, there's an old-time fact that when it comes to managing hard-earned money, women are better managers. In the Indian Mutual Fund Industry itself, a size-able number of fund managers today are women.
Table of Content
The Rise of Women in Investing
Covid-19 Impact
The impact of Covid-19 and lockdown and its several restrictions motivated women to participate in various investments including equity markets, mutual funds, fixed deposits, gold, PPFs.
The younger generation are getting inclined towards investing in the stock market. In 2019, the percentage of women investing was 19 per cent which increased to 24 per cent by the year 2022 and retained around the same in the year 2021.
Financial Goals
Everyone has financial goals, so it is important that they are specific, measurable, adjustable, realistic and time-bound.
It is important not to hesitate to seek help from an investment advisor who can guide you in an independent, ethical and unbiased manner.
Conclusion
So, if you are a woman reading this article, understand this that you are capable of making your own financial decisions and planning for your future.
There is no need of depending on anyone for the same.
