SUBSCRIBE NEWSLETTER
  • Change Language
  • English
  • Hindi
  • Marathi
  • Gujarati
  • Punjabi
  • Tamil
  • Telugu
  • Bengali
  • MF News Women are better money managers: Fidelity Investments Survey

    Women are better money managers: Fidelity Investments Survey

    A recent survey by Fidelity Investments reveals that women outperform men by 40 basis points in terms of financial savings and investment returns.
    Rosevina Gonsalves Sep 25, 2017

    Here is another reason why IFAs should concentrate on acquiring women clients. An online survey by Fidelity Investments showed that women performed better than men did when it comes to savings and investments.

    In fact, women invests and generate returns more than their male counterparts by 40 basis points. The study said, “Women consistently saved a higher percentage of their pay checks than their male counterparts at every salary level. Women saved an annual average of 9% of their pay checks, compared to an average of 8.6 percent saved by their male counterparts. While men have generated returns of 6% on their financial investments, women saw their portfolio growing by 6.4%.”

    At first glance, this may appear to be a minor difference but can have a significant impact over time.

    Fidelity Investments had conducted this online survey amongst 2,995 adults comprising of 1,496 men and 1,499 women 18 years of age and older across the United States. Though the conducted this research was carried out in US, the broad findings corroborate the experience in India, say experts.

    The report said that women can manage the household expenses in a limited budget because of their savings habits. In fact, the survey found that women spend their money more economically compared to their male counterparts.

    Even though, women turned out to be winners in the investment management game, many of the participants had doubts about their ability to invest effectively. 

    Surprisingly, a mere 9% believed that they would outperform men in the money managing business.

    Have a query or a doubt?
    Need a clarification or more information on an issue?
    Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

    Click to clap
    Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.
    1 Comment
    Anantharaman k · 6 years ago `
    True, Women are really smart, otherwise how can they run multy level activities like maintaning kids, spouse, in laws, household activities etc. effeciently? They do have a sense of keen observation which has an edge on their male counterparts, which goes a long way in making prudent decisions. Also, women (my wife for eg) would always prefer to have money either in their almirah or in their bank accounts and would start cribing if their money goes low than a threshold limit. Finally, in most of the household, men may not really bother much on the regular spending, wherein the womens' role comes into picture.
    Login or Sign up to post comments.
    More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

    Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.