I really don't understand what characteristics, though. I mean... This is an image of a pony LOL. I would assume you mean breasts or eyelashes as those are the main attributes I feel I draw remotely exaggerated. But to answer, it solely depends on the character and it's just my style.
I think people make a huge deal out of female designs way more than male designs. It's a little tiring having this conversation all the time honestly ><"