Women are 'recklessly cautious' when it comes to saving as nearly 58 per cent prefer to park their money in either fixed deposits, public provident fund (PPF) or letting it lie in their savings account, according to a survey.
Besides, 6 per cent respondents said they preferred to buy gold, while 15 per cent of them picked mutual funds to invest their excess income, the survey by Scripbox, which provides online financial services, said.