Women’s Day 2021: 50 per cent of ladies buyers cited private targets as a purpose to take a position
In order to know the investing habits of Indian girls buyers in 2021, numerous funding platforms and rising cryptocurrency corporations not too long ago performed surveys forward of International Women’s Day 2021. The main goal of the surveys was to know the qualitative facets of ladies’s investing habits, their targets, and the way in which girls throughout numerous age teams, view the method of wealth creation basically. Investment platform ‘Groww’ not too long ago performed a survey over a interval of three days fetching greater than 28,000 responses from girls.
Groww’s survey revealed that 18 per cent of ladies stated that they’ve invested in insurance coverage schemes. One in 5 girls making greater than Rs 10 lakh each year stated that they make investments to avoid wasting taxes. The survey additionally captured the insights from about 2000 girls who don’t make investments. Out of these, 49 per cent of ladies said lack of understanding as the main purpose for not investing. Additionally, 32 per cent of ladies stated that they do not have sufficient financial savings to take a position. 13 per cent of ladies additionally felt apprehensive about dropping cash out there.
Meanwhile, India-based cryptocurrency trade and pockets platform ‘BuyUcoin’ additionally performed a survey to know investing habits of ladies on BuyUcoin trade. According to BuyUcoin, girls who most well-liked investing in gold, have proven curiosity in digital belongings over the previous yr.
- 1040 per cent rise in variety of girls buyers on cryptocurrency trade platform:
A current survey performed by the cryptocurrency trade and pockets platform ‘BuyUcoin’ revealed that within the final one yr, it witnessed an enhance of 1040 per cent in girls buyers on its platform. Overall, 14.66 per cent of buyers on BuyUcoin’s platform are girls. 35.73 per cent of ladies buyers on the platform belong to the age group of 25-34.
- Younger girls selected shares over FDs:
According to Groww’s survey, youthful girls buyers within the group of 18-25 years had been thrice extra possible to decide on a high-risk, high-return asset class comparable to shares over the normal funding choices like mounted deposits (FDs). The response exhibits a marked shift within the consciousness degree and danger urge for food of ladies, particularly youthful girls who’re open to exploring wealth-generating avenues in capital markets, regardless of their age and revenue.
- Gold retains its place:
The survey additionally confirmed that gold retained its place as a most well-liked funding choice for girls throughout age and revenue teams. However, the propensity to put money into gold elevated barely with a rise within the revenue bracket. Overall, 25 per cent of ladies invested in gold, whereas 40 per cent of ladies incomes greater than Rs 10 lakh invested within the yellow metallic.
- Women who selected actual property and cryptocurrency:
Women making greater than Rs 30 lakh each year selected to put money into actual property because the sector requires a vital funding that folks can afford after they attain a sure revenue degree, in response to Groww’s survey.
An enhance in revenue degree additionally noticed a rise within the variety of asset courses within the funding portfolio. About six per cent of ladies making greater than Rs 30 lakh each year invested in cryptocurrency. In comparability, solely 4 % of ladies incomes lower than Rs 10 lakh each year invested in cryptocurrency.
- Investing for private targets – journey, greater training, family help:
Groww’s survey revealed that fifty per cent of ladies buyers cited private targets as a purpose to take a position. 43 per cent of ladies stated that they make investments to help their households and add to the family revenue. More than 28 per cent of ladies within the 18-25 age group stated that they make investments to journey. Around 57 per cent of youthful girls are investing primarily in the direction of their private targets, and 28 per cent of them are investing in greater training.
However, funding targets, are altering with revenue and age. Almost 70 per cent of ladies within the Rs 30 lakh plus wage bracket cited early retirement as the main purpose to take a position. 64 per cent of ladies over the age of 35 cited marriage and youngsters’s training as the first purpose to take a position.
“The encouraging perception from the survey is that among the many girls who’re investing, a majority of them take their very own choices. Even although lots of them focus on their monetary selections with their households or companions, the ultimate choices are their very own. It’s a outstanding shift from pre-conceived notions that males had been the first decision-makers even on the subject of managing girls’s wealth,” stated Lalit Keshre, CEO, Groww.
”What is extra encouraging is that girls within the 18-25 age group have emerged as our most impartial cohort, the place virtually 60 per cent of ladies on this age group say that they make the last word determination on their investments,” he added.
