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LATEST NEWS UPDATES | 80% of working women have no investment say: Report -Partha Sinha

80% of working women have no investment say: Report -Partha Sinha

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published Published on Jun 23, 2013   modified Modified on Jun 23, 2013
-The Times of India


MUMBAI: Less than one in five single working women, excluding those divorced and widowed, take their own investment decisions, a recent all-India survey has found. Despite handling responsibilities at their workplace, they depend on parents and family members, friends and financial advisers when it comes to taking a call on money matters such as where and how much to invest. The reasons for this behaviour vary from risk aversion, insufficient financial knowledge to even lack of freedom to take financial decisions.

The survey involving nearly 4,800 women investors found that just 18% of single working women take their own decisions. The proportion of married working women taking investment decisions is even lower at 13%. In other words, an overwhelming majority of around seven in every eight married women, although working, don't take their own investment decisions.

Overall, 23%, or less than one in every four working women, take their own financial decisions about where and how to invest, the results showed. This number may have been skewed a bit because 73% of the divorced and working, and 68% of the widowed and working women, took their own financial decisions.

An encouraging finding was 10% of non-working women took their own investment call. On the other hand, though, 19% or about one in every five women respondents said they were not allowed to take investment decisions and 13% said they lacked the confidence to invest on their own.

The survey was conducted among women between 21 and 60, 35 being the average age. It was carried out in five metros - Mumbai, Delhi, Kolkata, Bangalore and Chennai - as well as nine other large cities across India. Of the total number of women surveyed, around 1,550 were working and 3,200 did not have a job.

Another interesting finding was that more than half the total number of women (married or single) even in urban areas are merely informed about household investment decisions and have no role in the actual decision-making process, which is taken by their father, husband or brother.

The risk-averse nature of women prompts them to put their money mainly in fixed-return instruments such as bank deposits, life insurance, gold, post office deposits and bonds, the survey found. Women also had higher awareness about bank savings accounts (76%), life insurance (65%), and gold (56%) as investment options compared to mutual funds (11%) and shares (10%).

The survey was conducted by Nielsen on behalf of DSP BlackRock Mutual Fund.

Long-term investments find favour

A larger proportion of working women from non-metro cities have longer term investment horizon than working women from metros. According to the survey, overall around 49% of the working women who are involved in investment-related decision do so for the long term. Among this whole set, 52% of women from non-metros invest for the long term while 48% from the metros take a similar investment approach.

The survey found that more than half the working women involved in financial decision-making expect around 10% return from short-term investments, that is, in less than 12 months. When it comes to medium-term investments, between a year and three years, 66% from this group look for returns between 10% and 20%. And in case of long-term investments, when the money is committed for more than three years, the expected returns by a majority of the women is more than 20%.

Among the non-working women who also have some role in investment decision-making, 42%, or about two in five, prefer long-term investments while nearly an equal proportion, at 39%, invest for the medium term. In terms of expected returns, these groups of women do not differ much from those who are working.


The Times of India, 23 June, 2013, http://timesofindia.indiatimes.com/india/80-of-working-women-have-no-investment-say-Report/articleshow/20720233.cms


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