In the bustling metropolis of New Delhi, a noteworthy revelation surfaces: a substantial 40% of female investors in the nation are neophytes, embarking on their investment journey early in life, embracing financial instruments like the Systematic Investment Plan (SIP), and manifesting a distinct focus on prioritizing retirement planning. This marks a significant paradigm shift in the financial topography of the country, as disclosed in a report preceding the imminent International Women’s Day.
What sets these women apart is their distinctive demeanor as investors – characterized by unwavering focus and disciplined financial acumen. The report, emanating from FinEdge, a technology-driven investment management entity, unveils that women exhibit an average SIP investment amounting to Rs 4,483, outshining their male counterparts whose average stands at Rs 3,992. The gender divergence extends to monthly investment commitment, with women directing an average of Rs 14,347 across diverse SIPs, overshadowing men who allocate Rs 13,704 on average.
Harsh Gahlaut, the CEO of FinEdge, remarks, “The study unequivocally demonstrates that women are not only investing more but doing so with discernment.” The data indicates that 39.3% of women embark on their investment journey in their 20s, and another 41% commence in their 30s. Furthermore, a noteworthy 71% of these female investors remain steadfastly committed for over five years. Remarkably, in the year 2023, an impressive 41% of new investors at FinEdge were women.
By apportioning a greater percentage of their monthly income towards financial objectives, Gahlaut underscores that “women are proactively securing their financial future and striving for enduring success.” Goal-centric investment emerges as a pivotal aspect for female investors, with retirement planning and children’s education taking precedence. The report notes that approximately 44% prioritize retirement planning, while 35% earmark funds specifically for their offspring’s education.