Why are Indian girls investing in shares and mutual funds?
Women have damaged the glass ceiling in all spheres of life, from politics to schooling. However, Indian working girls lag behind their male counterparts concerning investing and monetary resolution making. Only 7% of girls in India make investments independently via self-learning, as per Women & Money Power 2022 survey launched by LXME, a monetary platform for ladies. In affiliation with Axis My India, the survey was carried out amongst 4,000 girls throughout completely different age teams, life levels and occupations throughout metros, tier II and III cities.
However, there was a surge in females investing in shares, and mutual funds publish the Covid-19 pandemic.
The Covid-19 pandemic and the following lockdown compelled Indians, particularly girls, to juggle their household obligations and work life. However, regardless of the financial downturn resulting in job losses and pay cuts, one of many positives to emerge was the rising participation of girls in fairness investments.
ClearTax noticed important development within the variety of feminine traders on its platform. For occasion, round 24% of latest traders on the ClearTax platform had been females within the calendar yr 2019. It elevated to just about 30% within the calendar yr 2020 and retained related figures for the calendar yr 2021.
After the lockdown, many millennial girls invested in fairness funds and shares to assist their spouses in difficult financial situations. Moreover, the widespread availability of monetary apps and different know-how instruments helped girls analysis and decide appropriate mutual funds and shares.
Women operate as traders and never merchants in the case of shares. Hence, many millennial girls invested in fundamentally-strong shares obtainable at an enormous low cost throughout the lockdown.
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