Money Matters: 6 Investment Options For Women In India

In recent years, there has been a noticeable shift in the financial landscape of India, with more women taking charge of their finances and seeking investment opportunities to secure their future. With increasing awareness about the importance of financial independence, women are exploring various investment options tailored to their needs and preferences. In this article, we will tell you about some investment avenues specifically suitable for women in India: 

1. Systematic Investment Plan (SIPs) 

SIPs offer a good and systematic approach to investing in mutual funds. They allow investors to invest small amounts regularly, making it suitable for women who may have fluctuating income streams or want to start with minimal investments. SIPs also provide the benefit of rupee cost averaging and the power of compounding, helping women build wealth over the long term.

2. Fixed Deposits (FDs) 

FDs are considered one of the safest investment options, offering guaranteed returns, as per Groww. They are ideal for women who prioritise capital preservation and prefer a steady income stream. Many banks offer special FD schemes for women with higher interest rates, making it a lucrative option for conservative investors.

3. Public Provident Fund 

PPF is a popular long-term investment option backed by the government of India. It offers tax benefits under Section 80C of the Income Tax Act and comes with a lock-in period of 15 years. PPF is suitable for women looking for stable returns with tax-saving benefits and can serve as a reliable retirement corpus.

4. Gold Investments 

Gold has always been considered a haven asset and a hedge against inflation. Women can invest in gold through various avenues such as physical gold, gold ETFs (Exchange-Traded Funds), or sovereign gold bonds. Gold investments provide diversification to the investment portfolio and serve as a store of value during economic uncertainties.

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5. NPS (National Pension System) 

According to the National Pension System Trust, it states that “NPS was introduced by the Central Government to help the individuals have income in the form of pension to take care of their retirement needs.” NPS is a voluntary, long-term retirement savings scheme regulated by the government of India. It offers tax benefits and allows investors to choose their asset allocation based on risk appetite. NPS is suitable for working women looking to build a retirement corpus and secure financial stability post-retirement.

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6. Mahila Samman Savings Certificate Scheme (MSSC)

According to the Press Information Bureau’s press releases, “The Mahila Samman Savings Certificate Scheme (MSSC) is a small savings scheme of the Government to commemorate the Azadi ka Amrit Mahotsav and is exclusively for women and girls in India. Here are some of the best features of the schemes include:

i) An MSSC account may be opened by women of any age group including the girl child with a minimum deposit of ₹1000/- and maximum deposit of ₹2 Lakhs for two years.

ii) The interest rate for MSSC is 7.5% p.a. which is compounded quarterly.

iii) The facility of partial withdrawal and premature closure on compassionate grounds.” 

Note: NRIs are advised to seek professional advice from financial advisors before making any investment decisions who specialise in NRI investments and can provide valuable insights and guidance.

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