Women, in India, are not in the habit of investing. Those who are married typically leave all the investing and financial planning to their spouses. Of course, there is a small percentage of women who are becoming financially savvy and this trend is growing with more and more women joining the corporate workforce with the aim of becoming financially independent. There are also those women who are single mothers. Typically, these women do not make it a practice to invest, either out of fear or a lack of confidence. Many women do not know how to invest their capital and the channels of investment they should use. They often fear the risks involved and the potential losses they may face as single mothers with no spouse to depend on. Nonetheless, there are avenues for investment that are relatively Low-risk Investments, and single mothers can explore these and go ahead and invest.
If you are a single mother and lack the confidence to make investments, you should not worry anymore. You may be busy juggling work and the home with your main priority being raising your children as a single parent. However, all it takes is a bit of knowledge and information to get your investments going.
Being a single mother is a challenge and single mothers must be commended for meeting that challenge alone, but in case you want to secure your child’s future, and meet your own expenses through factors like inflation, you must be willing to invest in certain channels that will give you a flow of income and build your wealth. Your greatest challenge as a single mother may be the management of your finances, but like you meet all the other challenges in your life, you can deal with this one too.
By employing the appropriate strategies and tools, you can easily grow your wealth and create a robust financial foundation. Here, three low-risk investment instruments are discussed and you can be assured of your money’s growth without any worry:
In India, PPF is a famous investment instrument and is backed by the Indian government. This makes it a risk-free scheme. Here are some features:
This is a government-backed scheme which makes it secure. It was launched with the purpose of providing salaried individuals with a corpus for their retirement. Here are some features of EPF that you should consider:
This is an often-ignored investment option, also risk-averse as it is backed by the Indian government. Here are some of the scheme’s features:
Being a single mother does not mean you cannot invest in schemes that are mainly risk-free and ensure you get a decent return from your investment. If you invest in one or more of the risk-free schemes mentioned in the article, you may be well-equipped to deal with your financial requirements, be it your retirement expenses, medical emergencies, or your child’s higher education.
Share this article:
HOAC Foods India Limited IPO: Price, Lot Size, Strengths and Risks
19 May, 2024 | 5 Min. read
Benefits, and Types of Debit Cards
19 May, 2024 | 5 Min. read
Unraveling the Legacy: History of Tata Group of Companies
19 May, 2024 | 5 Min. read
Best Ethanol Stocks In India
19 May, 2024 | 3 Min. read
AWFIS Space Solutions Limited IPO: Price, Lot Size, Strengths and Risks
19 May, 2024 | 5 Min. read
JSW Steel Q4 Results: Q4 Profit falls to ₹1,322 Crore
18 May, 2024 | 4 Min. read
Explore Best EV Stocks in India
18 May, 2024 | 3 Min. read
Rulka Electricals Limited IPO: Price, Lot Size, Strengths and Risks
18 May, 2024 | 5 Min. read
Top AI Stocks in India: Investing in the Future of Tech
18 May, 2024 | 4 Min. read
Most Volatile Stocks in India: How to Identify Them?
18 May, 2024 | 4 Min. read
Best Indicators For Intraday Trading
18 May, 2024 | 4 Min. read
Gold Rate Today | Gold Dips 0.3% Despite Strong Dollar
17 May, 2024 | 2 Min. read
Analysis to Become a Pro Investor
28 Dec, 2023 | 4 Min. read
Women In Real Estate Investing (Investree)
28 Dec, 2023 | 5 Min. read
How To Check Prudent Corporate Advisory IPO Allotment Status
27 Dec, 2023 | 3 Min. read
How To Boost Credit Score? – Steps to Improve Creditworthiness
27 Dec, 2023 | 4 Min. read
Advantages and Disadvantages of Opening Multiple Demat Accounts
26 Dec, 2023 | 4 Min. read
7th CPC LTC: Leave Travel Concession Rules for Central Government Employees
26 Dec, 2023 | 4 Min. read
7th Pay Commission: House Building Advance (HBA) Interest Rate FY 2023-24
26 Dec, 2023 | 5 Min. read
The Future of Trading: Exploring Bajaj Broking’s Demat Features
26 Dec, 2023 | 6 Min. read
7th Central Pay Commission Cpc Fitment Table
23 Dec, 2023 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading