When it comes to working towards an investment plan, it’s helpful to plot SMART financial goals:
Earning but still depending on others to invest for you?
Take charge of your investments!
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How Are Women’s Financial Needs Different from Men?
On an average, Indian women earn 28% less than their male counterparts1
7 in 10 Indian working women quit or consider quitting their jobs due to lack of flexibility2
Life expectancy for women is about 5.1 years more than men3
To ensure financial independence, it’s important for women to invest their hard-earned money wisely.
This is especially true in times of high inflation & unexpected economic downturns. If you are relying on others to invest for you, it’s time to take charge of your investments.
How to Start Investing For a Financially Secure Future?
At any life stage, it’s important to be aware of both - your earnings & expenditure.
Based on your present income and expenses, you may begin your investment journey.
Here are some simple investment thumb rules5 you may follow:
World of Personal Finance for Women
When starting a financially independent life, here’s a basic financial checklist that one may refer to:
Savings Account
To hold liquid cash that’s easily accessible when needed
To hold liquid cash that’s easily accessible when needed
Public Provident Fund / National Pension Scheme
To build a corpus for your retirement
To build a corpus for your retirement
Life Insurance
To secure the future of loved ones dependent on you
To secure the future of loved ones dependent on you
Health Insurance
For unexpected health emergencies (for yourself & your family)
For unexpected health emergencies (for yourself & your family)
Fixed Deposits
For relatively safer returns on investment
For relatively safer returns on investment
Mutual Funds
To generate wealth for life goals (wedding, home, car, retirement, children’s education, etc.)
To generate wealth for life goals (wedding, home, car, retirement, children’s education, etc.)
Based on your financial goals, time period and risk-taking capacity, start investing a fixed amount every month towards your goals. A Systematic Investment Plan (SIP) can help you get there.
Use this SIP Calculator6 to find out how much you need to invest
based on the number of years and desired corpus:
Our Systematic Investment Plan (SIP) Calculator helps you figure out how small
periodic investments help you create wealth in the long term.
SIP Calculator
How to Save On Income Tax through Different Investments?
Apart from helping you achieve your financial goals, investments may also help you save on income tax.
Here are a few popular tax-saving7 instruments that you may choose to invest in:
| Tax Saving Investment Options | Tax Benefit Under | Deduction Limit In One Financial Year |
|---|---|---|
| Tax-saving mutual funds (Equity Linked Savings Scheme8) | Section 80C | ₹1.5 lakh |
| Life Insurance | Section 80C | ₹1.5 lakh |
| Public Provident Fund | Section 80C | ₹1.5 lakh |
| Up to two children's tuition | Section 80C | ₹1.5 lakh |
| National Pension Scheme | Section 80CCD (1) | 10% of salary (Basic + DA); within 71.5 lakh ceiling u/s 80 CCE |
| Health insurance or Mediclaim | Section 80D | ₹25k (self, spouse, children) Additional ₹25k / ₹50k (for parents below/above 60 years respectively) |
| Repayment of interest on education loan | Section 80E | No maximum limit |
| Repayment of interest on home loan | Section 80EE | ₹50k |
Tips for Women Before Investing
Here are some tips that you may consider to create a successful investment plan:
- 1
Don’t wait for the right time; start early
- 2
Evaluate your goals and tenure before you pick an appropriate option
- 3
Analyse the risks involved; every investment instrument carries a risk
To Sum It Up
The benefits of investing for women are plenty. You should start investing as soon as you can. With investments, you can enjoy a greater level of financial freedom and achieve your goals with ease. Consider investing in an SIP today.
- Source: Labour force survey data of the National Sample Survey Office (NSSO)
- Source: Times of India
- Source: World Health Organisation
- SIP is a feature offered for a disciplined investment of a certain amount on a pre-decided date in a specific mutual fund scheme, regularly over a period of time.
- The above mentioned investment thumb rules are generic in nature and for information purpose only. They may be adjusted to fit individual financial status and goals. Before investing in any financial product, investors are advised to exercise caution and consult a financial advisor.
- The above calculation through the SIP Calculator is for illustration purpose only and not an indication of the performance of any schemes. Calculations are based on assumed rate of return and actual return may vary. Performance may or may not be sustained in future. Please get in touch with your professional advisor for a detailed suggestion.
- The tax provisions mentioned are applicable under the old regime, and are updated as per the Union Budget 2025 presented in the Parliament in February 2025. The tax rates for capital gains will be as per the tax laws applicable on the date of redemption/sale and not on the investment date.
- Equity Linked Savings Scheme (ELSS) is an open-ended equity linked savings scheme with a statutory lock-in of 3 years and tax benefit. Minimum investment in equity & equity related investments – 80% of total assets (in accordance with Equity Linked Saving Scheme, 2005 notified by Ministry of Finance). As per the present tax laws, eligible investors (Individual/HUF) are entitled to deduction from their gross total income, of the amount invested in equity linked savings scheme (ELSS) up to Rs.1,50,000/- (along with other prescribed investments) under Section 80C of the Income Tax Act, 1961. Applicable if opted for the old regime. Subject to prevailing tax laws.
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