Changed priority of Indian women, children's future and retirement planning became the first choice. - Newztezz Online

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Thursday, January 18, 2024

Changed priority of Indian women, children's future and retirement planning became the first choice.

Women's investment preferences are changing. She is thinking less for herself and more for her children. Recently, DCB Bank in collaboration with CRISIL conducted a study on women and finance management. There have been many big revelations in this study regarding women's money management.

Every parent in the world wants to give their child a better tomorrow. Due to which people's priorities regarding investment are changing. Some save for themselves and some to become rich… At the same time, if we talk about women's priority and investment, then their thinking is completely different here. Recently, DCB Bank in collaboration with CRISIL conducted a study on women and finance management. There have been many big revelations in this study regarding women's money management. Let us also tell you where women consider it better to invest their money.

47 percent take financial decisions themselves

About 47% of earning women in big cities of India take decisions related to money themselves. Whereas 98% women depend on the family's decision. She consults her family to take decisions related to money. In which sometimes too much time is spent.

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According to the study, women above 45 years of age first do financial planning for their children's education and future. After this his priority is retirement. In terms of investments, working Indian women are often risk averse and prefer low-risk investment options like FDs (51%) and savings accounts. The investment pattern is influenced by the dependents, those on whom the dependents adopt old school tricks for investment.

This became the preferred option to borrow

Home loans are the preferred borrowing option for women, and women are increasingly adopting digital payment methods like UPI. This underlines the growing role of Indian women as active planners in financial matters. Whereas earlier the main reason for women not having control over their financial decisions was lack of awareness, financial literacy and knowledge, now times are changing in the modern world. Women are becoming aware about managing money. She is exploring different investment options for saving.


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