Yes Securities has announced a record high of women investors, with growth in women investor accounts exhibiting a steady rise. The company recorded a 75% YoY growth in accounts opened by women investors in FY24 so far (period compared is 1st April 2023 till 31st January 2024 versus same period last year of FY23),
Highlighting a growing confidence, rise in financial awareness and proactiveness among women in managing their finances, the contribution of women investors in total accounts increased to about 23%.
The overall investor base of Yes Securities has also grown at a positive momentum of 36% YoY during the first 10 months of FY24 so far (From 1st April 2023 till 31st January 2024).
“The momentum of women investors is on an upswing and interestingly, Yes Securities has seen more women investors opening their account post pandemic since FY21, and this trend is on a steady rise and has continued in FY24 as well,” the company said on Friday.
Within the age spectrum, the highest number of women investors falls between 25 to 40 years old, indicating strong inclination towards investment among millennials. While the overall share of accounts opened by women investors represents 23% of the total, the data reveals that women are not just opening accounts, they are actively participating in the capital markets.
Revenue generation data shows that women in their middle to later stages of professional and personal life (41-56 and 57-75 age groups) contribute the most, highlighting their financial acumen and investment prowess.
“We’re witnessing a remarkable rise in women investors across the country, particularly in states like Maharashtra and Andhra Pradesh. This surge is accompanied by a growing participation from tier 2 cities and younger demographics, specifically those between 25 and 40 years old,” said Anshul Arzare, Managing Director & CEO of Yes Securities India Limited.
He believes that India continues to be the fastest growing major economy, and while this will open various investment opportunities in the long run, there is also an equal need to invest in increasing financial awareness and literacy amongst women to achieve the vision of ‘Viksit Bharat 2047’.
In view of this, Yes Securities is conducting a financial literacy session for Adivasi women at Seva Charitable Trust on March 7, at Sanjay Gandhi National Park, Mumbai.
This initiative is a step towards empowering underprivileged women with the knowledge and skills to manage their finances and create a better future, he added.
