International Women's Day 2022: 5 investment tips for financial empowerment

To change the status quo in the gender divide on International Women's Day, we have listed simple investing tips for women.

Despite this natural acumen of saving in women, there exists a wide gender gap when it comes to investing. This should not be the norm as ample investment opportunities do exist these days, some particularly curated for women investors.

To change the status quo in the gender divide on International Women's Day, we have listed simple investing tips for women. To begin with, you don’t need to be a financial expert to start investing. There are experts in the field to guide you and manage your money for you.

If you have never invested before and are unsure about starting with a large sum, SIPs are the perfect fit for you. Systematic Investment Plans (SIP) allow you to invest a specific amount at regular intervals.

You may choose between a monthly, quarterly or any other interval period. This investment platform allows you to participate in the stock market without having to keep an eye on when the prices are favourable or otherwise.

It is easy to start and is not too heavy on your pockets as you can start with a small amount. But most importantly, it involuntarily builds a habit of saving and investing.

You can be a salaried person or a homemaker, and SIP has something for both. There are several hand-picked funds at ClearTax that have been curated for differing risk profiles.

You may be in the prime of your career and retirement might seem like miles away. But saving for retirement, a long term goal that it is, must be done early on in your career. True, you may have a PF fund with your employer but making additional provisions for retirement is always advisable.