International Women's Day 2019: This year save more, invest in these schemes for financially independent life

International Women's Day 2019 is here! And, there can't be a better time to start working towards a financially independent life. Celebrated on March 8 every year, International Women's Day gives us a chance to celebrate the financial independence of a woman. Gone are the days, when only asset, where women used to invest was gold. The women of 21st century are equal to men in every aspect and therefore should plan their financial portfolio to have a independent and stable life. Poonam Rungta, Certified Investment Planner told Zee Business, ''Women are conservative in nature, they do not like investing too much, however every women should invest in diversified options for her financial fitness and independence. There are various options for women to invest her money like equities, liquid funds, gold bonds, insurance covers, real estate, if possible.''

Well, these tips are not only meant to be read and forget on the occasion of International women's day, they are good to start with too. Why to waste time in thinking too much or seeking help from someone with no expertise? Here are the best 5 saving schemes for women, to start investing from today itself:

1. Buy less gold jewellery, look for other gold options: 

Most of the women are fond of buying gold jewellery and gold accessories for themselves. Well, there is no doubt that gold is a great commodity to invest and seek good returns. However, gold jewellery does not provide recurring returns or interest income, infact it is never sold at a prevailing gold rate, due to additional making charges. 

''Women like jewellery, they love wearing those premium accessories, but sadly they are not a very good investment options. If she likes investing in gold, she should go for Sovereign Gold Bonds, Gold ETFs and E-gold as they provide regular interest income, safety and have no making charges unlike jewellery,'' Rungta said.

2. Diversify your portfolio:

Diversification of investment portfolio is always recommended by experts. It helps in risk division and get effective returns. This women's day invest in various options like equities, mutual funds, gold bonds, Fixed deposits, PPF savings, insurance plans etc. 

''A women does not like saving too much, she loves having cash and buying things herself. But for being an independent and financially rich, she could invest in various options like equity, fixed deposits, PPF, insurance covers, real estate etc,'' Rungta added.  

3. Get equity exposure:

Equity is certainly a great investment tool that is turning out as a favourite investment option for people. However, women do not really invest in equities due to lack of knowledge and guidance. 

Commenting upon the equity as investments, Simi Bhaumik, Sr. Equity Technical Analyst mentioned, ''Equities can be a good option to invest, a women should get an exposure of equity in the form of diversified options like stocks, mutual funds, ETFs etc. But initially they should prefer starting with a SIPs and progress as they understand it the markets. However they should stick to small investments initially and should invest what they can afford to loose.''

Watch this Zee Business video to know more about Mutual Funds:

4. Insurance planning is a must:

Well, an investment does not means an asset that gives you returns. Human life is subject to various life risks, therefore a women of the house should also invest some money in insurance schemes for herself or her family. A women can invest in various term plans, health insurance schemes for securing their life and goals in the future. 

5. PPF, Fixed Deposits and Post office schemes:

Investments in PPF, Fixed deposits or with any post office schemes are comparatively easy, hassel free, risk free options. They are secured and ensure fixed returns to the investor. Also they provide decent interest rates as compared to various other investment tools in the market. 

Women can invest with these options and enjoy investing with ease and no risk.