Investment Ideas for Women in India

The world is changing for the good. Gender disparities in the work front are slowly but steadily diminishing as more and more women join the workplace. Though there is a fair share of working women in developed countries, developing countries such as India are also catching up.

The participation of women in the workplace has been growing steadily across the world. In any case, whether you are earning or running household, knowing how to invest money is always useful. There are several reasons why you should know how investment works and how to use it for your benefit. So, here’s women’s guide to investing:

Why Women Should Start Investing?

Since the working population of women is rising, it has opened the doors of investment for women. Investing is now more of a necessity for both men and women.

Here’s why you should start too:

• Financial Security: Investing regularly helps you create a corpus for yourself. These not only help you to achieve your goals but also provide you with a cushion to fall back on at the time of emergencies.
• Support Family Goals: Long-term family goals such as buying a house, buying a car, need huge sums. Salaries and savings in the majority of the cases are not enough. For you to achieve these goals, proper investment is necessary.
• Look After Parents: No one likes to see their parents old, but such is life. As your parents grow old, they will require your help both mentally and financially. Investing will make sure you do not have to delve into your salary.
• Ensure a Bright Future for Children: A good education is the first step towards a good future. With the cost of higher education rising with each passing year, you need to make sure that you invest now so that you can ensure a good education for your child.

Best Investment Ideas for Women

Now that we have learned why investing is important, you must now be thinking about the options in which you should invest. Don’t worry we got you covered.

These investment ideas for women are broadly classified into 3 categories:

1. Fixed Income Investments
2. Market-Linked Investments
3. Wealth and Legacy Investment

1. Fixed Income or Safe Investments

These are the safest type of investments. As the name suggests, these investments provide you with a fixed type of return. That is, you are aware of the returns you will be getting.

Your money is invested in low to zero risk instruments to provide you with stable returns. The most popular investments are:

Guaranteed Savings Plan from Canara HSBC Life Insurance not only offers you guaranteed returns at maturity but the following benefits as well

• Freedom to choose your premium payment term
• Premium Funding benefit that makes sure that your family’s goal is met by continuing the policy even after your death. The remaining premiums are waived off.
• Premium and wealth booster benefits

2. Market-Linked Investments

These investment options are best for the growth of your money when you can invest for the long term. The return on these investments is linked with the market’s performance of your assets.

3. Wealth and Legacy Investment

Legacy investments help you create and pass on the wealth. You can use these investments, to leave a legacy as well. Here are some investment options.

Investments are tools to reach a better future financially. So, use investments to not only build your and your family’s future, but also to safeguard it. Use the long-term investments such as ULIPs and Guaranteed Savings Plans, PPF, etc. to build long term wealth. Use term insurance plans to protect your financial contribution to your family.