Women have made significant growth in the last few decades. Today’s female
leaders are not just empowered and educated but are also independent socially and
financially. As much as they are driven to pursue a high-powered career in a job or
through business, they also should focus enough on financial security.
Prioritizing investment and money saving is crucial to achieving different life goals
like marriage, a child’s education, buying a home, and more. In this article, we are
listing the top six investments every woman should make to assure a secure and
bright future.
Top 6 Investment Options for Women
- Public Provident Fund (PPF)
PPF is the most secure investment option for women to strengthen their savings. It
often offers a competitive interest rate of around 7 % over a 15-year tenure,
surpassing many other comparable long-term savings schemes tailored for women.
Investing in PPF is a great way to build a retirement corpus or save for other long-
term goals: it assures tax-free returns and long-term wealth creation.
- Mutual Fund
An excellent investment option for women, a mutual fund offers flexibility,
professional management, and the potential for higher returns compared to
traditional fixed-income investments. These funds pool money from different
investors to invest in a diversified portfolio of stocks, bonds, and other assets.
- Mahila Samman Savings Certificate
A small saving scheme designed particularly for women's investment, the Mahila
Samman Savings Certificate is a one-time scene. Women can use this investment
plan for themselves or become the guardian for if the girl is minor. However, it does
not provide a tax advantage. TDS is dedicated according to the total interest income
and individual tax slabs.
- Investing in Startup
As a woman entrepreneur or aspiring one, one of the best investment options can be
investing in your own business or other startups. It allows you to build your own
business or help others begin new business ventures, it offers the potential for
substantial returns. You need to be a little smart while investing in startups,
whether it is your own or others.
- Health Insurance
Health should always be a priority. You should always have a backup to protect the
health of you and your family members. In the present world, environmental
hazards result in big health risks. Hence, having a health insurance policy can assure
you of the medical expenses and keep your savings intact.
- Fixed Deposit Monthly Income
Another significant investment option for women is opening a fixed deposit with a
monthly income payout option that will help deal with finance at the time of
retirement when the source of income stops. It includes two phases: investment and
payout. This plan has a minimum of 24 months of tenure for each phase.
Conclusion…
These were the top six investment options for women leaders and entrepreneurs.
Explore through the list, educate yourself, and diversify your investment to make
the most of your money and make a strong financial future. Stay tuned for more
exciting content!