Women lead in SIP investments
Women have a higher average SIP investment amount (Rs 4,483) and invest more monthly (Rs 14,347) compared to men, reveals a new report
FinEdge Report
- 39.3% of women begin investing in their 20s and 41% in their 30s
- 71% of women stay invested for over 5 years
- 41% of women invest for their future, prioritizing financial security
- Top investment goals for women: retirement (44%), kids’ education (35%)
New Delhi: At least four in ten women are new investors in the country, starting investing early in life in instruments like Systematic Investment Plan (SIP) and prioritising retirement which is a paradigm shift in the financial landscape in the country, a report said on Thursday ahead of the International Women’s Day.
Women emerged as focused and disciplined investors, with an average amount of Rs 4,483 for a single SIP investment, surpassing their male counterparts who average Rs 3,992, according to the report by FinEdge, a tech-enabled investment management company. In addition to higher average monthly investments, women also allocate more funds towards their goals, with an average monthly investment of Rs 14,347 in various SIPs, compared to Rs 13,704 for men.
