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Women investors and financial literacy

Author Affiliations

  • 1PG Department of Commerce, St Thomas College, Ruabandha, Bhilai, Chhattisgarh, India

Int. Res. J. Social Sci., Volume 7, Issue (9), Pages 12-15, September,14 (2018)

Abstract

Finance is a key to major decisions in any economic system. The surplus saved out of the income when invested for multiplying the savings is called investment in a layman’s language. There are various investment options left for an investor. But to choose the right investment option is the matter of concern. Here comes the usage of the word “financial literacy”. Financial literacy is the ability to process the financial information and make informed decisions about personal finance. When people are financially literate, they are more likely to explore the products and services offered by banks and use them for multiplying their surplus. But the fact is that in India, one can find that investing in stock markets are considered too risky a job and people are ready to invest in banks as fixed deposits although they are hardly getting any amount as interest on their savings. This is because an investor feels that he deposits in a bank although he would get any percentage as interest still he would not loose his money as it is not risky as compared to stock market investments. In India, women although educated is dependent on the family, friends or financial advisors to handle the investments. This research article is an attempt to know the financial awareness of the women folk and the effort taken by authorities to educate and provide financial literacy to the masses.

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