(Priyanka Gupta, Intern Journalist): During the coronavirus, the activeness and participation of women investors in domestic stock markets have increased. Due to declining interest rates and increasingly expensive gold, there are not many options left for women investors to increase their money. The convenience of work from home has also increased their activity in the equity market.
Data from broking firms show that there has been a strong jump in the number of female investors associated with them during the lockdown months. Mumbai-based broker 5paisa.com says that from April to June, there was a 49 percent jump in their active female customers.
Company CEO Parshish Gagdani said that the new-age women not only earn but also control their financial condition and investment. He said, “Affordable platforms and good understanding have increased the share of women investors.
In the last four months, the number of active female customers of discount broking firm Fires has increased by three times. The broking firm said that before the launch of Corona, the share of women investors on the platform was less than 3 percent, which has now gone above 10 percent.
Tejas Khode, co-founder and CEO of Fires, said women were investing their money in traditional assets, including cash, FDs in the bank, gold, or tax funds. However, lockdown and work from home have given him an opportunity to invest actively in the stock market.
The figures of Upstox, the country’s third-largest firm based on clients, also testify to this. In the April-June quarter, the number of female accounts has increased by 32%, out of which 70 percent of investors had stepped in the market for the first time.
The co-founder and CEO of the company said, “The loss of income and the lack of jobs have also attracted women to the market. The expenditure of the house has increased and in such a situation the market has become a good way to meet the financial needs.” “
He said that the economical valuation of the shares has also attracted women investors towards the market. Kumar said 74 percent of the stocks new female investors come from small cities like Visakhapatnam, Jaipur, Surat, Nagpur, Nashik, Guntur
The stock market has shown tremendous boom from the March lows. Due to this, investors have earned good money in recent times. The BSE Sensex and Nifty 50 indices have risen 50 percent from the March lows.
Aastha Jain, a research analyst at Hem Securities, said, “Women are coming into the market for additional income. A stock market is a good option for earning at home and is a very good option for cutting jobs and salary.”
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