India

Indian women turn smart investors, beat men in SIP investments: Report

At least four in ten women are new investors in the country, starting investing early in life in instruments like Systematic Investment Plan (SIP) and prioritising retirement which is a paradigm shift in the financial landscape in the country, a report said on Thursday ahead of the International Women’s Day.

Women emerged as focused and disciplined investors, with an average amount of Rs 4,483 for a single SIP investment, surpassing their male counterparts who average Rs 3,992, according to the report by FinEdge, a tech-enabled investment management company

In addition to higher average monthly investments, women also allocate more funds towards their goals, with an average monthly investment of Rs 14,347 in various SIPs, compared to Rs 13,704 for men.

“It is evident from the study that women are not only investing more, but they are also investing smarter,” said Harsh Gahlaut, CEO, FinEdge.

While 39.3 per cent of women start investing in their 20s and 41 per cent in their 30s, 71 per cent of them stay invested for over 5 years.

In 2023, a significant 41 per cent of new investors at FinEdge were women.

By allocating a higher percentage of their monthly income towards their financial goals, “women are taking proactive steps towards securing their financial future and achieving long-term success,” Gahlaut added.

Goal-based investing has emerged as a key point for women investors, with retirement and children’s education taking precedence.

“Around 44 per cent prioritise retirement planning, while 35 per cent earmark funds for their children’s education,” said the report.

IANS

Recent Posts

India-UK FTA will propel bilateral trade, strengthen supply chains: Jaishankar during meeting with UK Foreign Secretary

Noting that the recent conclusion of the India-UK FTA and the Double Contribution Convention is…

16 hours ago

“Strengthening early warning systems, coordination is crucial”, says PM Modi addressing ICDRI

Highlighting the significance of strengthening early warning systems to mitigate risks from disasters, Prime Minister…

17 hours ago

Centre raises financial threshold for procurement of scientific equipment, consumables

The Central government has raised financial limits under the General Financial Rules (GFRs) for procurement…

18 hours ago

Would be my pleasure to welcome PM Modi for G7: Former Canada MP Chandra Arya calls India “indispensable partner”

Former Member of Parliament of Canada, Chandra Arya, has said it would be his pleasure…

20 hours ago

UK Foreign Secretary Lammy to meet PM Modi; to discuss bilateral economic and migration partnership

UK Foreign Secretary David Lammy will meet with Prime Minister Narendra Modi on his second…

20 hours ago

“We can control any situation”: Gujarat Health Minister calls Omicron ‘not serious’, says all arrangements in place

Gujarat Health Minister Rushikesh Patel on Saturday noted that the state is fully prepared for…

21 hours ago