One fine day, I was asked a perplexing question,
Why do
Indian women play no role in savings and investments ?????
I replied it's not true and following will be sufficient enough
to prove my views :-
Women in their inimitable manner, have played an important role on the savings front in Indian households. This is a popular misconception, because women's investment choices are possibly more traditional. Being wired differently than men, women place great importance on factors like safety and tangibility, which amply reflect in their saving & investing preferences.
##GOLD, most of the yellow metals in Indian homes is purchased and owned by women. Even the gold inherited, reflects women's choices, rooted in our society since time inmemorial. No wonder, how Indian household own enough gold to meet America's requirement for next 100 years. You will notice the emotive appeal of every gold loan advertisement, is always directed towards a female gender. This asset has helped finance and mushroom many small and medium businesses across the country. These precious assets are powerful hedging instrument that women safeguard for helping economy in business.
##PROPERTY, DIAMONDS, same is the case with property, diamonds, art and collectibles, which are investable assets of measurable value. The likes of Cryptos / Bitcoins have a long way to go before they can earn a ladies trust as lifetime asset creation.
##FIXED INCOME INSTRUMENTS, when it comes to fixed income, I bet most of the post office deposits and Kisan Vikas Patra instruments are driven by women savings.
##CASH is actually queen !! Women are adept at best cash management. All will agree that during demonetisation in India, most cash was deposited by the woman members of the family.
##SHARES, coming to Equities, there is a big difference between low participation and no participation by women. But this too is changing.....It is heartening to note that indian study found that proportion of women equity investors too have grown from 16 % to 24% in just last two years in India stock markets.
##INTANGIBLE ASSETS, last but not the least are the intangible assets. Our little kids are the most precious assets to us. Need not to be mentioned, who plays the pivotal role in nurturing our future generations for individual, or for the nation.
Is there a need for more equal opportunity ??
Yes, But no one can deny the immeasurable role women play in our finances, saving economy and our overall life.
HAPPY WOMEN'S DAY !!
Disclaimer : This is purely a knowledge sharing article, not offering or influencing any deal or transaction or investments.
Birla WP Management Co.
read my blogs : www.YogeshBirlaCA.Blogspot.com
