A recent study by Tech-based investment management company, FinEdge has revealed that there is remarkable 42 per cent rise in women investors in the country. It finds that they save 5 per cent more than their male counterparts. The study was conducted among 3,763 women clients from the age bracket of 23 to 76 years in August 2023 on Women’s Equality Day. 

Around 30.82 per cent of women prioritise retirement planning, signaling a major trend shift. Women also showed resilience in goal-based SIP investments, with a 19 per cent lower stoppage rate, emphasising their commitment to long-term financial goals, the survey revealed.

The study also aimed to uncover some of the key challenges facing women such as Career breaks for family care, excessive risk aversion affecting returns, distrust in sales-focused advisors, limited awareness of key investing concepts, confidence gaps due to traditional gender roles, etc. 

More and more women are focusing on their own retirement. A notable 30.82 per cent prioritise it, second only to child education planning at 32.82 per cent.  Another interesting inference was that 87 per cent of women opt for equity-oriented SIP investments, slightly below men at 89.9 per cent. The average age of women investors was found to be 38.67 years, which was around 2 years less than the average age for male investors, which came in at 40.34 years. 

On average, women have 3.47 financial goals, while men have 3.74, showcasing a holistic approach. Women invest an average of Rs. 14,347 monthly, slightly higher than men at Rs. 13,704. Notably, women show a 5 per cent higher monthly savings rate for future goals, revealed the report.