From PPF to gold: Four top investment assets for Indian women on International Women's Day 2024
financial literacy is crucial for Indian women to make informed financial decisions. “Top investment assets include equities, mutual funds, and the traditional yellow metal, gold. Owning gold can lead to financial self-sufficiency for a woman.
Emerging trends and innovations in personal investments like gold include several notable developments. Digital gold, Sovereign gold bonds (SGBs), and gold exchange-traded funds (ETFs) are amongst the most prominent options for gold investment for women," said Mehak. Women prioritise security for themselves and their families, and this is reflected in their preference for low-risk instruments like fixed deposits and gold, said Rajashree Nambiar, Co-Founder, MD & CEO, Ecofy.
Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here However, it's essential to consider the long-term. While traditional instruments provide stability, they may not always outpace inflation, hindering wealth creation, he added.
“Explore investment options that match your goals. PPF (Public Provident Fund) provides safe, tax-advantaged returns. Mutual funds offer both growth potential and diversification.
Investing is planting the seeds of a future in which you will not only survive, but also prosper financially," said Ramneek Singh Ghotra, Chief Growth Officer, Finvasia. Disclaimer: The views and recommendations made above are those of individual analysts, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.Milestone Alert!
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