Mutual Fund: Good returns can be achieved on your earnings and savings through investment. There are many mediums available for investment in India. However, in India, different trends have been seen regarding investment in the cases of both women and men.
DSP Mutual Fund has released its 2022 Wininvestor Pulse Report, which has revealed some interesting insights about investment patterns and factors driving investment decisions. Aditi Kothari Desai, Vice Chairperson of DSP Investment Managers, explained the survey findings at an event.
Survey
DSP’s survey covered 4625 women and men from 10 cities (4 metros: Mumbai, Delhi, Kolkata, Bangalore, and 6 mini-metros: Indore, Kochi, Patna, Chandigarh, Ludhiana and Amritsar). The participants included people currently working or have worked for at least 2 years. In this, unmarried, married and such married people who have had children were also included.
While Men Are More Independent In Decision Making
many important things have been revealed in this report. It has been revealed in this report that while taking investment decisions, men are more independent than women. 40% of the men surveyed said they take their own investment decisions, i.e. without consulting professional advisors or anyone else. However, this is not the case with women.
Women Take Advice
Women think a lot about investment. Only 26% of the women in the survey said that they had taken decisions for investment on their own. At the same time, 67% of the women surveyed said that they consulted their spouse while making investment decisions, while in the case of men, only 48% of men consulted their partner at the time of investment. In such a situation, according to the survey, most women in India do work related to investment only after taking advice from their partner.
Introduction to Investments
Interestingly, husbands (21%) played a bigger role in introducing women to investments than their fathers (12%). On the other hand, more women (45%) opted to provide for their child’s education as the top investment target, while more men said that it is enough to remain debt free. Debt Free resulted in 38% for men and 33% for women. At the same time, 26 per cent of men and 23 per cent of women were involved in starting their businesses as initial goals.
