Women Investment Plans: Study Reveals About 50% of Women Avoid Taking Loans, Prefer Risk-Free Investment

Women Investement Plans: Whether a housewife, an entrepreneur, or an employee, women always tend to save money to overcome any crisis. Claiming the same, DBS Bank and CRISIL conducted a survey of more than 800 women in ten Indian cities regarding a variety of behaviors, such as goal-setting, participation in financial decision-making, patterns of saving and investing, use of digital tools, and preferences for various banking products. 

Women Prioritise Risk-Free Investments

The survey revealed that out of the women who earn in metropolitan cities, about 51% of women like risk-free investments, and always choose fixed deposit and savings accounts as their first choice. Whereas 16% of women prefer investing in gold, 15% of women like to invest in mutual funds, 10% in real estate, and only 7% of women like to invest in stocks. The report also stated that 43% of dependent married women invest up to 10-29% of their income, and 47% of them make independent financial decisions. Apart from this, 33% of women aged 25-35 years prefer UPI for online shopping, and 22% over 45 years prefer UPI payment mode. Talking about credit card spending, 96% of women in Mumbai use credit cards, and 63% of women in Kolkata. According to the report, almost 50% of salaried women have never taken a loan.