Women allocate more funds towards their goals, with an average monthly systematic investment plan (SIP) investment of Rs 14,347, compared to Rs 13,704 for men, highlighted a report by FinEdge. This revelation challenges traditional assumptions, highlighting women's proactive stance towards securing their financial future.
Also, 71 per cent of women investors in the survey demonstrated steadfast commitment, staying invested for over five years. Their ability to remain focused on long-term goals amidst market volatility reflects a disciplined investment mindset, driven by purpose rather than impulsive decisions influenced by market noise.
Contrary to conventional wisdom, women exhibit a proactive approach to investing, with 39.3 per cent initiating investments in their 20s and another 41 per cent commencing in their 30s, the report said. This early start underscores the significance of investing awareness among young women, setting a solid foundation for achieving long-term financial goals.
Goal-based investing has emerged as a focal point for women investors, with retirement and children's education taking precedence. 44 per cent of the women prioritise retirement planning, while 35 per cent earmark funds for their children's education. Additionally, 27 per cent prioritise their children's marriage goal, underlining the multifaceted financial planning approach adopted by women.
Harsh Gahlaut, CEO, FinEdge said, “We are happy to see women taking charge of their financial future with such determination and foresight. It is evident from the study that women are not only investing more, but they are also investing smarter. 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.”
FinEdge, a tech-enabled investment management company, conducted an in-depth study among 4,351 women clients from the age bracket of 23 to 64 years in March 2024.