International Women's Day: 6 financial aspects that impact women investors

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For this women’s day, we wanted to highlight the different aspects of a woman’s financial life. We talked to a few female mutual fund distributors (MFDs), and SEBI registered investment advisors to share their experience handling women investors.

Shifali Satsangee, Founder & CEO — Funds Vedaa, believes that different variables impact women's participation in money matters.

“Whether the woman is from tier 1/ tier 2 or other smaller cities, conservative or modern households, working or non-working women, belongs to a nuclear or joint family, married or single will impact her involvement with money, whether it is with her own money or her overall family finances," she said.

Also Read: International Women's Day: This is why you should invest as an investor, and not as a woman

To address the hesitancy among men to involve their spouses in financial discussions, Shaili Shah, CEO at Purva Investments, actively advocates for family participation in portfolio reviews and educational sessions.

“We emphasise the unpredictability highlighted by the Covid situation, stressing that involving family members is crucial. We want the kids and spouses to be involved in financial discussions. We understand that they will not be able to understand anything on Day 1, but it will develop over time.

While we are not 100% successful, this approach has led to positive changes. Families are opening up to involving their spouses and children," she said.

It is hard for women who have never taken any initiative to know about money and financial matters to jump into investments. Hence, the better way to start would be to focus on their mindset and make sure that they know about their husband's investment and insurance.

Prathiba Girish, Founder of Fin