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Women in India play a number of roles throughout their lives, including that of daughter, mother, wife, sister, and many others.
Simultaneously, women are defying prejudices to achieve their goals, realise their aspirations, and carry family duties in the same way that men do. They can be found in every field, including politics, medicine, athletics, law, and business.
Women, on the other hand, are prudent, sensible, and conservative when it comes to investing and are not easily swayed by irrational judgments. According to the "Women and Money Power 2022 Study," a financial platform for women, 22% of women are unaware of their investments, while only 13% of those who do invest do it on their own.
Women, on the other hand, are better managers when it comes to handling hard-earned money, according to an old adage. A significant number of fund managers in India's mutual fund industry are women now.
Impact of Covid-19
Women were encouraged to participate in various investments, such as equities markets, mutual funds, fixed deposits, gold, and PPFs, as a result of the influence of Covid-19 and lockdown, as well as its various constraints.
The younger generation is becoming more interested in stock market investing. In 2019, 19% of women invested, rising to 24% by 2022 and staying relatively constant in 2021.
Financial Objectives
Everyone has financial objectives, so they must be specific, measurable, adaptable, practical, and time-bound. It's critical not to be afraid to seek advice from an investment advisor who can provide you with objective, ethical, and unbiased advice.
Conclusion
If you're a woman reading this, know that you're capable of making your own financial decisions and creating plans for your future. There is no need to rely on anyone else for this.