Mar 7, 2022
By: BI India BureauOne in three Indian women do not invest their money, Women and Money Power 2022 report by a financial platform for women LXME has revealed. The survey was carried out in association with Axis My India.
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The report also noted that one in two, or 55 percent, Indian women are not making independent financial decisions by not investing or are unaware of their investments. Nearly 22 percent were not aware of investments in their name.
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Gold and fixed deposits (FD) were the most popular mode of investments among Indian women, followed by Public Provident Fund (PPF) and traditional instruments like chit funds. About 14 percent women use mutual funds as an investment option while 11 percent are into real estate.
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Recurring Deposits (RD), stocks, commodities, gold/digital gold bonds and cryptocurrency are also among top choices for investment among women.
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Only 13 percent women invest in financial assets whereas 35 percent women invest in traditional instruments, Women & Money Power 2022 report noted.
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Out of women who invest with assistance, 76 percent of them have taken assistance from their partners
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About 50 percent women in non-metros were making informed investment decisions as opposed to 41 percent in metros, the report said. It also noted that 7 percent of women invest independently through self-learning.
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The report by LXME finds that 50 percent of non-working women saved between 6-20 percent of their household income in contrast to 45 percent working women.
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The report also revealed that the top three categories where women spend most are groceries, child education fees and personal shopping.
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