Source: IANS

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 today ahead of the International Women’s Day.

Women emerged as focused and disciplined investors, with an average amount of ₹4,483 for a single SIP investment, surpassing their male counterparts who average ₹3,992, according to the report.

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

“It is evident from the study that women are not only investing more, but they are also investing smarter,” stated the report.

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

In 2023, a significant 41% of new investors at the company which released the report 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.

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

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

(Source: IANS)

-Edited for style

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