International Women's Day 2024: 9 best investment options for women in India

International Women's Day 2024: As we commemorate International Women's Day in 2024, it is critical to reflect on the progress women have achieved in a variety of professions, including finance. Women today are more money-wise independent than ever before. Exploring the greatest investing possibilities is vital to enhancing this empowerment. 

In India, the landscape of financial instruments has changed, giving women many options for growing their wealth. Let us look at some of the top investing possibilities for women in India as we celebrate Women's Day 2024.

1. Systematic Investment Plans (SIPs): 

SIPs have emerged as a popular and accessible investment avenue for women looking to enter the world of financial planning. 

"Women can choose from a variety of mutual funds based on their risk appetite and financial goals with a modest monthly payment of Rs 500," said CA Ruchika Bhagat, MD, Neeraj Bhagat & Co.

2. Public Provident Fund (PPF): 

The government-backed nature of PPF ensures the safety of the invested capital, making it an ideal choice for women looking for a stable and low-risk investment avenue.

3. Sukanya Samriddhi Yojana (SSY): 

Specifically designed to promote the financial well-being of the girl child, Sukanya Samriddhi Yojana is a government-backed scheme offering an excellent investment avenue for parents of young girls. The scheme provides a higher interest rate than many other fixed-income instruments and comes with tax benefits. 

As per Bhagat, if you deposit Rs 1, 50,000 each year for 15 years in the SSY account, you will get Rs 42.48 lakh after 15 years. You will continue with the SSY account until the end of the maturity period (21 years) without any further deposits. You will get Rs 65.93 lakh at maturity.

4. Pradhan Mantri Mudra Yojana (PMMY): 

For women entrepreneurs aspiring to start their ventures, Pradhan Mantri Mudra Yojana is a game-changer. The scheme offers a sanction that ranges from Rs 50,000 to Rs 5 lakh. The interest rate is 8.6 per cent and is based on the scheme's guidelines and your credit history. You have to repay the loan along with the interest within the tenure offered by the lender.

5. National Pension System (NPS): 

NPS is a retirement-focused investment option that allows women to build a substantial corpus for their post retirement years. It combines market-linked returns with secure government-backed structure. With the additional tax benefit of up to Rs 1.5 lakh under Section 80CCD (1B), NPS is a prudent choice for long-term financial planning.

6. Gold and Gold ETFs: 

Traditionally, gold has been considered a haven investment. Women can invest in physical gold, like jewellery or gold coins, or opt for the more convenient Gold Exchange Traded Funds (ETFs). 

7. Fixed deposits and recurring deposits: 

Women can choose tenures that suit their financial goals, and FDs offer higher interest rates for senior citizens, providing an added advantage for women investors.

8. Direct equity investments:

With a growing number of women actively participating in the stock market, direct equity investments have become increasingly popular. Diligent research and a long-term perspective can lead to substantial returns. Women can choose to invest in blue-chip stocks or consider thematic investments aligned with their interests.

9. Real estate investments: 

Women can explore opportunities in residential or commercial properties, either directly or through Real Estate Investment Trusts (REITs). 

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