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- Amid Uncertainties Created By The Lockdown, Housewives Have Increased Confidence In The Stock Market, With 35% Of Women In New Accounts
new Delhi13 minutes ago
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During April to June 2020, women's accounts grew by 32 percent over the previous quarter.
- Most of the women who invest in the stock markets are housewives
- Women's accounts up 32% over last quarter
The participation of women in the stock market has increased during the Kovid-19 epidemic. Due to the reduction in interest on FD, women are considering other investment options. Women from second and third tier cities like Surat and Guntur are also investing in the stock market. The majority of women investing are domestic women.
Experts believe that women are now taking interest in the stock market due to the contribution of household expenses during the epidemic and due to pay cuts and layoffs. Apart from this, interest rates on term deposits (FD) of banks are coming down, due to which women are considering other options of savings.
Most women are investing for the first time
Most of the women investing in the stock market are investing for the first time. A large number of them are housewives. Shankar Valayya, director of Sharekhan by BNP Paribas, said retail participation in the stock markets increased during the lockdown. This also applies to women. Women are now considering other investment options in view of the cut in interest on FD.
74% female customers from second and third tier cities
Online brokerage company Upstocks said that during April to June 2020, women's accounts grew by 32 percent compared to the previous quarter. 70% of these women are investing in stock markets for the first time. 35% of the brokerage company's female clients are housewives. 74% of female customers are from second and third tier cities like Visakhapatnam, Jaipur, Surat, Ranga Reddy, Nagpur, Nashik, Guntur.