The Stay-At-Home Fund Managers

More than five years ago, when demonetisation clamped down on household cash, one of the less talked-about segments that was hit hard was women, the traditional savers. Until then, a lot of homemakers would run the ship on a tight budget and squirrel away something every month into a kitty they could call their own or have the satisfaction of whipping up during family emergencies. The new-age homemakers have gone a step ahead by taking household finances and investments in their own hands. These new fund managers are taking charge of family money and turning cliches on their heads. Husbands earn and homemaker-turned-fund-managers save and invest. Latest data available with the World Bank shows women constitute only 20.3 per cent (as of 2019) of the labour force in India, but when it comes to household work, women’s participation is a phenomenal 81.2 per cent daily, according to a...