{"id":1625,"date":"2013-03-07T17:02:48","date_gmt":"2013-03-07T11:32:48","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=1625"},"modified":"2013-03-10T08:58:12","modified_gmt":"2013-03-10T03:28:12","slug":"women-feel-liberated-with-a-purse-of-your-own","status":"publish","type":"post","link":"https:\/\/fundsindia.com\/blog\/mf-research\/mutual-funds\/women-feel-liberated-with-a-purse-of-your-own\/1625","title":{"rendered":"Ladies, feel liberated with a purse of your own!"},"content":{"rendered":"
This is a special feature article for celebrating the International women\u2019s day (March 8, 2013). What should an Indian woman do to secure her financial future? What products and options are available for them in the market? This article looks at a few small steps that can make a big difference for them.<\/div>\n

Does the word saving not excite you? Think again after this: had you invested Rs 1,000 every month in a good balanced mutual fund, almost 2 decades ago, it will fetch you Rs 24.5 lakh now! In other words your investment would have grown more than 10-fold over this period. Well, surely the word WEALTH can be exciting. If it is, then why should men have all the fun? Get your hands at it!<\/p>\n

\"women<\/a>
\nWhile the philosophy behind investing is certainly not different for either gender; as women, you may have more investment challenges than men, given that you may or may not have a full-fledged career, leaving you fewer or no working years to earn. And remember, women have a longer life span!<\/p>\n

Whether you are an expert in weaving together your family\u2019s budget or in managing your company\u2019s treasury, nothing prevents you from practising a few simple steps that can lead to financial freedom. Here they are:<\/p>\n

1. Don\u2019t let savings lie idle<\/strong>
\nWhenever you are left with some money that you may use a while later or unsure of using, don\u2019t let it remain idle in your savings account. Use a simple but effective tool called \u2018liquid mutual funds\u2019 that can generate better returns than savings bank and allow you to withdraw the money any time. Know more about liquid funds in our blog: https:\/\/www.fundsindia.com\/blog\/index.php\/mutual-funds\/liquids-funds-a-supplement-to-your-savings-bank-account\/1302\/<\/a><\/p>\n\"womens'day1\"<\/a>\n

2. Save tax<\/strong>
\nIf you are an income earner or have other sources of income, you will pay taxes. You certainly don\u2019t want to shell out too much to the tax man. Invest wisely. Use a combination of provident fund, NSC and tax-saving mutual funds to get the most of the tax deduction available under the Income Tax Act.<\/p>\n

\"Women's<\/a>
\n3. Hold gold but not physically<\/strong><\/p>\n

Buy the dashing jewels from the jewelers but stop there. Do not get caught in the unregulated \u2018savings\u2019 schemes they offer. If you wish to invest, go for gold ETFs or gold funds. This is not only secure, regulated, free of wastage and other costs but also gives you the cash (at the prevailing market value) required for your own goals (even to buy gold later) or for your child\u2019s future.<\/p>\n

It is also much more tax efficient. Read more about gold funds\/ETFs in our blog: https:\/\/www.fundsindia.com\/blog\/index.php\/mutual-funds\/go-for-gold-etfs-this-season\/429\/<\/a><\/p>\n

4. Insure your life<\/strong><\/p>\n

Insure your life for your family’s sake. Don\u2019t go for products that you don\u2019t understand. A simple term cover is cheap and effective. When you take a loan, take into account any liabilities in your name such as home loan, the possible income loss in your absence and any goals you may wish to meet for your children. Cover your medical needs too with a medical insurance irrespective of whether your spouse has a cover for his family or not.<\/p>\n

5. Small sums will do<\/strong>
\nSystematic investment plan or SIP is all about investing small sums, regularly. The magic of compounding that you read at the beginning of this article is possible through SIPs. Never allow a low income to deter you.
\nEven if you can spare Rs 1,000 a month, start an SIP in a mutual fund. They can deliver returns far superior to your bank recurring deposit. Invest with a goal in mind, so that you can fix a time frame and goal amount.<\/p>\n

Take a look at our bouquet of funds<\/a> you can consider based on your need.<\/p>\n

Your risk appetite, savings and current asset holding may change your requirement and allocation pattern. Feel free to discuss about your requirements with your FundsIndia Advisor after your account activation. Log on to and open an account now<\/a>!<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Does the word saving not excite you? Think again after this: had you invested Rs 1,000 every month in a good balanced mutual fund, almost 2 decades ago, it will fetch you Rs 24.5 lakh now! In other words your investment would have grown more than 10-fold over this period. Well, surely the word WEALTH […]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[6,66],"tags":[89,94],"yoast_head":"\nLadies, feel liberated with a purse of your own!<\/title>\n<meta name=\"description\" content=\"This article looks at a few small steps that can make a big difference for women to secure their financial future.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fundsindia.com\/blog\/mf-research\/mutual-funds\/women-feel-liberated-with-a-purse-of-your-own\/1625\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ladies, feel liberated with a purse of your own!\" \/>\n<meta property=\"og:description\" content=\"This article looks at a few 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