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Financial literacy will lead to empowerment of women

Banking Frontiers

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March 2023

Women must take charge of their own investments journey and need to actively participate in their family's financial matters:

Financial literacy will lead to empowerment of women

Tata Asset Management Company has a track record of more than 25 years in investment management, offering a range of investment solutions for financial planning and wealth creation and managing funds across the entire risk-return spectrum.

Kashmira Kalwachwala, Head of Investor Services at Tata AMC, is responsible for Mutual Fund, PMS and AIF customer servicing. She started her career with Tata Share Registry in 1988 and earlier worked at Principal PNB AMC. Shaily Gang joined Tata Asset Management as Head, Products in February 2019 and was earlier at ICICI Bank and Royal Bank of Scotland. Meeta Shetty is the Fund Manager for Tata Digital India Fund and Tata India Pharma & Healthcare Fund, since November 2018. Her previous endeavours include services with Kotak Securities, HDFC Securities, Asian Market Securities, Dalal and Broacha Stock Broking and Karvy Stock Broking. These 3 distinguished women executives from Tata AMC talk about wide-ranging issues related with women and money.

PRODUCT DESIGN, DEEP DIVE

Currently Tata AMC does not observe substantial variation in its investment products sold to men and women. Kashmira argues: "While investments are made by women, there exists an opinion that the investment decisions are taken by men in households. Even though the change has begun, the male dominance towards making investment decisions is still prevalent. There is also an unwillingness on the part of women to get fully involved in financial matters. They prefer to leave it to males of household."

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