82 pc women prefer modern options for investment: Survey
PTI, Mar 8, 2020, 4:19 PM IST
New Delhi: A survey has shown that as many as 82 per cent women are preferring stocks and mutual funds to meet their investment goals.
The survey conducted by investment platform Groww, in which 26,000 women participated, also showed that 43 per cent women chose traditional avenues such as fixed deposit and public provident fund to park their money.
Gold remained the top investment choice with 25 per cent women investing in it, 13 per cent chose real estate and 9 per cent women chose to invest in a pension scheme, according to the survey.
The survey noted that 64 per cent of women are financially confident and take investment decisions on their own.
It also noted that income and education levels did not have a significant bearing on the investment options women selected. “52 per cent of women earning less than Rs 5 lakh said they were actively investing and chose stocks and mutual funds as their preferred investment option,” the survey said.
Providing insights on the tenure of investment, the survey noted that 59 per cent of women save for the long term. Of this, 50 per cent of women opt for an investment time horizon greater than 10 years.
The survey found that 41 per cent of respondents cited retirement as their primary goal, followed by investment for higher education and marriage of their children.
Women investing for five years or less cited personal pursuits and investment for supporting their parents as their investment goals.
As many as 80 per cent women said higher returns encouraged them to invest. Besides, for 40 per cent, women ease of investing and for 26 per cent women liquidity play a major role in making investment decisions.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Active COVID-19 cases in country dip to 14,955
Petrol price cut by Rs 8.69, diesel by Rs 7.05
Monkeypox: What is it and how can we prevent the spread?
Related Articles More
CNG price hiked by Rs 2 per kg; rates up by Rs 19.60/kg in two months
NSE co-location scam: CBI launches search operation in multiple cities
Hackers, fraudulent customers steal Rs 7.38 crore from payment gateway firm Razorpay
DGCA grants Jet Airways air operator certificate, can resume commercial flight ops
Markets claw back lost ground amid global rebound; post weekly gains
Man orders cake via Swiggy: The bakery couldn’t be clearer!
Rohit not losing sleep over disappointing season, says one minor adjustment away from finding form
MP: Angry over brother not attending mother’s funeral, woman attacks her 10-yr-old nephew with knife
Odisha autorickshaw driver returns gold necklace worth Rs 1.6 lakh to passenger
Professor arrested for emails criticizing Assam Govt, CM