Financial planning tips for women

• Follow

Studies show that women make better, informed choices about their personal finances and investments, however, the number of women in charge of their own finances is small. If you are looking to start taking charge of your own finances, Money9 Helpline hosted Finscholarz’s founder, Renu Maheshwari to resolve queries and share financial tips for women.

Edited excerpts

Bapa Saha: If a woman having little knowledge about the equity market invests for 20+ years in a simple Sensex Index Fund, will it be a good strategy for retirement?

Maheshwari: For retirement planning, you will have to look at overall investment rather than just evaluate a single financial product. For equities, investing in a Sensex fund is a good decision. For 20 years horizon, it will definitely generate wealth. But it also depends upon how much money you invest. Your asset allocation is important in the product. So, you should check if your risk and return are balanced.

Watch the full video to know more…