From politics to education, women have broken the glass ceiling in every walk of life. However, Indians are working women They lag behind their male counterparts in investment and financial decision making. According to the Women and Money Power 2022 survey released by LXME, a financial platform for women, only 7% of women in India invest independently through self-learning. In collaboration with Axis My India, the survey was conducted among 4,000 women across different age groups, life stages and occupations in metros, Tier II and III cities.
However, there has been an increase in women investing in stocks, and mutual funds following the Covid-19 pandemic.
covid-19 pandemic And the subsequent lockdown forced Indians, especially women, to put off their family responsibilities and work life. However, despite job losses and pay cuts due to the economic slowdown, one positive thing has emerged that women’s participation in equity investments is increasing.
Cleartax saw a significant increase in the number of women investors on its platform. For example, about 24% of new investors on the ClearTax platform in calendar year 2019 were women. This increased to around 30% in calendar year 2020 and retains similar figures for calendar year 2021.
After the lockdown, many millennial women invested in equity funds and stocks to support their spouses in challenging economic conditions. In addition, the widespread availability of financial apps and other technological tools helped women research and choose suitable mutual funds and stocks.
When it comes to stocks, women act as investors, not traders. Hence, many millennial women have invested in fundamentally strong stocks available at huge discounts during the lockdown.
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