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Making financial portfolio inflation proof for the working woman

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Making financial portfolio inflation proof for the working woman
September 26, 2022

Table of Content

 

In this policy, the investment risk in the investment portfolio is borne by the policyholder

According to the Union Budget presented in 2022, it is expected that the participation of women in the workforce in urban India will increase by 10%*. Historically, women have deferred financial decisions to male members in the family, but that is changing now. Therefore, it becomes extremely important for women to plan their financial future.

Here are 4 ways in which women can make their financial portfolio inflation proof:

  1. Invest, Save and Then Spend

    Budgeting and planning are important to plan finances and expenses for the month. Traditionally, women have been in the homemaker role and are known to be excellent finance managers. Today is no different from them when it comes to managing money. Women are quite adept at planning and saving.

    Because the dependency of women on Money is limited when it comes to household expenses, the general tendency is to spend money on wants. However, they could slightly modify their approach and focus on investing, then saving and then spending. The equation should be spending = income minus saving / investment.

  2. Invest in equity linked instruments

    When it comes to investment for the long term, nothing beats equities in terms of return. The returns from the equity market also beats inflation in India. However, investing directly in the stock market can be risky and may be subject to fluctuating returns depending on the time of investments and choice of underlying stocks. Here is one such product which is linked to equity markets but does not directly get affected by the downside. Unit Linked Investment Plans (ULIP) by HDFC life such as HDFC Life Click 2 Wealth invest in instruments that are linked to the market.

  3. Protect your child’s future against inflation

    It is important to ensure that your child’s future aspirations such as higher education, studying abroad or doing an expensive course is comfortably fulfilled without any additional burden on you during your retirement or on your child in the form of an education loan. One such plan to support your child’s aspirations and educational goals in the future is the HDFC Life YoungStar Udaan.

  4. Diversify your portfolio

    The golden rule of investment is to never put all your eggs in one basket, especially equity markets. Although market linked instruments beat inflation in the long run, they are volatile. So diversify your portfolio. Equity market returns can be volatile, and you may live to see the downside as well. Equity investing is not suitable for weak-hearted people. Hence, a mix of equity and debt can be a good safety net for your portfolio and can reduce the downside portfolio risk substantially.

Conclusion

Working women have multiple options to invest. They should evaluate all these options carefully and take suitable decisions as per their requirements.

*(Source:https://www.business-standard.com/content/press-releases-ani/budget-2022-india-likely-to-see-a-jump-in-women-workforce-participation-in-urban-india-by-10-percent-122020200634_1.html)

ARN: ED/08/22/28517

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Francis Rodrigues Francis Rodrigues

Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.

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Vishal Subharwal Vishal Subharwal

Vishal Subharwal heads the Strategy, Marketing, E-Commerce, Digital Business & Sustainability initiatives at HDFC Life. He is responsible for crafting and ensuring successful implementation of the overall organisation strategy.

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Disclaimer

The Linked Insurance products do not offer any liquidity during the first five years of the contract. The policyholders will not be able to surrender/withdraw the monies invested in Linked Insurance Products completely or partially till the end of fifth year.

HDFC Life Click 2 Wealth (UIN:101L133V02) is a Unit Linked Non-Participating Life Insurance Plan.

Life Insurance Coverage is available in this product. For more details on risk factors, associated terms and conditions and exclusions please read sales brochure carefully before concluding a sale. Unit Linked Insurance products are different from the traditional insurance products and are subject to the risk factors. The premium paid in Unit Linked Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. HDFC Life Insurance Company Limited is only the name of the Life Insurance Company and HDFC Life Click 2 Wealth is only the name of the unit linked insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company. The various funds offered under this contact are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.

HDFC Life YoungStar Udaan (UIN : 101N099V04) is a Non-Linked, Participating, Life Insurance Plan. Life Insurance Coverage is available in this product. For more details on risk factors, associated terms and conditions and exclusions please read sales brochure carefully before concluding a sale.

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