Husbands income decreased during Corona period, so housewives started trying their luck in stock market
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Women’s investment in SIP-Mutual Funds increased, learning the secrets of investing in the stock market
The job business of many people has been affected in the Corona call. In such a situation, now the housewives have now taken over the financial reins. In many sectors, housewives have started investing in sectors like SIP, mutual funds and direct equity. The number of women helping the family with small savings has increased. According to a report, there has been an increase of Rs 400 crore in the investment of Rs 4000 crore in the name of women. People are losing their jobs in the difficult times of Corona. In such a situation, many new investors have invested in the direct equity sector.
In Surat, women’s investment in the stock market increased by 400 crores: According to information received from the experts of wealth sectors, 30 thousand investors have joined the direct equity investment sector in a single year. Women have also increased among these investors. In 2019, where their husbands or family members used to invest in the name of women, now women themselves are investing. In this regard, city’s wealth expert Jignesh Madhvani told that the total market cap of Surat is 21 thousand crores. In which 4000 crores is invested in the name of women. 400 crore investment has increased due to increase in the number of women investors. The share of women was 3 to 5 percent which has increased to 50% and now it has reached 10%. Corona is believed to be responsible for this. Along with the equity sector, people’s preference has increased in the MF, SIP sector. Chartered Accountant Shubhangi Tosniwal told the media that I have invested in sectors including SIP Direct Equity Sovereign Bonds.
Increased investment due to awareness among women: A program has been made so that women can stand on their own feet financially. Under which information related to investment is given to mothers, sisters, housewives and women with job money. CFA Bhagyashree Sabu says that she started a training program to make women financially independent, which is still going on. Many women associated with us have invested in mutual funds, stock market. Kanji Bhalana, former chairman of Varachha Bank, says that after the recession of 2008, women in Saurashtra dominated areas have started investing in SIPs and deposits ranging from 5000 to 10000. A lady engaged in handloom invests 30000 in our bank itself. If financial literacy increases, women’s investment will also increase.