No, females are allowed to read the Vedas. In Brhadaranyaka Upanishad 6.4.17, there is a ritual for parents desirous of a daughter who would shine with learning. The Upanayana ceremony was common to boys as well as to girls.
Dharmic education including performance of अग्निहोत्र and other rituals is a part of women's day to day life in Sanatan Dharma. Rigveda calls upon women to learn this all - यज्ञं दधे सरस्वती ॥ (Rig 1/3/11). 
A woman can be a brahma as mentioned in Rigveda (8.33.19)
“sthree hi brahmaa vibhoovidhaha” and furthermore “Siddhaanta koumudi” also mentioned that the woman who conducts the veda pravachana is called an Achaarya.
“sthree hi brahmaa vibhoovidhaha” and furthermore “Siddhaanta koumudi” also mentioned that the woman who conducts the veda pravachana is called an Achaarya.
To cite examples of mention in Mahabharata:
Udyogaparva 190-18: “Atra siddhaa shivaa naama braahmNee veda paaragaahaa.”
A Brahman lady by name Shivaa was a scholar of Vedas and she got
Moksha.
Udyogaparva 190-18: “Atra siddhaa shivaa naama braahmNee veda paaragaahaa.”
A Brahman lady by name Shivaa was a scholar of Vedas and she got
Moksha.
