Ladies have damaged the glass ceiling in all spheres of life, from politics to training. Nonetheless, Indian working ladies lag behind their male counterparts relating to investing and monetary determination making. Solely 7% of ladies in India make investments independently by means of self-learning, as per Ladies & Cash Energy 2022 survey launched by LXME, a monetary platform for girls. In affiliation with Axis My India, the survey was carried out amongst 4,000 ladies throughout completely different age teams, life phases and occupations throughout metros, tier II and III cities.
Nonetheless, there was a surge in females investing in shares, and mutual funds submit the Covid-19 pandemic.
The Covid-19 pandemic and the next lockdown compelled Indians, particularly ladies, to juggle their household duties and work life. Nonetheless, regardless of the financial downturn resulting in job losses and pay cuts, one of many positives to emerge was the rising participation of ladies in fairness investments.
ClearTax noticed vital progress within the variety of feminine buyers on its platform. As an illustration, round 24% of latest buyers on the ClearTax platform had been females within the calendar 12 months 2019. It elevated to just about 30% within the calendar 12 months 2020 and retained related figures for the calendar 12 months 2021.
After the lockdown, many millennial ladies invested in fairness funds and shares to assist their spouses in difficult financial circumstances. Furthermore, the widespread availability of monetary apps and different know-how instruments helped ladies analysis and choose appropriate mutual funds and shares.
Ladies perform as buyers and never merchants with regards to shares. Therefore, many millennial ladies invested in fundamentally-strong shares accessible at a large low cost through the lockdown.
Supply: Live Mint