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Some of the best financial gifts you can invest in for your sister on the occasion of Raksha Bandhan 2023

Raksha Bandhan Gifts

Raksha Bandhan started. Modern-day brothers reciprocate the sisterly love with gifts of all kinds. But what can be a better way to protect your sister than by protecting her financial future?

  • Gifting on Raksha Bandhan is a traditional practice. Cash, jewellery, and consumer products are common choices.

  • Financial investments as a Rakhi gift can be a prudent alternative to strengthen your sister's financial future. 

  • It can be stock gifts, mutual fund investments or a more conservative debt instrument like FD or government bond as a gift.

Financial Raksha Bandhan Gifts For Your Sister

Here are some of the perfect financial investments that you can gift your sister on the occasion of Raksha Bandhan 2023.

  1. Health Insurance – If, by any chance, your sister is not medically covered, take the time to find one for her. Show that you care and select the best health plan for her and kick-start it with the starting premium. You can rest easy knowing that your sister’s finances are not vulnerable to medical emergencies.

  2. Virtual Gold – If you think physical gold is too old school, look for non-physical options instead. You can easily buy digital gold for her, or gift her units of a gold ETF or gold mutual fund.

Also Read: Good News: Receive Gifts From Family In The U.S. Tax-Free 

  1. Systematic Investment Plan (SIP) – Mutual fund investment through SIP is convenient, flexible and perfect to meet short and long-term financial goals. If you have a little sister who has just started working, inspire her to follow the growth path by investing in SIP on her behalf.

  2. Shares – All leading platforms offer the option of gifting the stocks in your Demat account to someone else. You can even gift her a balanced portfolio of shares and guide her on how to accumulate those stocks in the future.

  1. Deposits – You can make a lump sum investment in a fixed deposit, bond, National Savings Certificate, Public Provident Fund etc. which can add to her wealth. These are sovereign-backed investments that offer an assured return. If you gift one of these investments, it is certain to grow and compound over the years.

  2. Bank account – If your sister is of tender age, introduce her to the world of finance with a bank account and educate her on how money works. Make an initial deposit and motivate her to adopt the habit of saving her pocket money.

Conclusion

The latest smartphone or a dress can be a striking gift, but you must also think about strengthening your sister’s finances with sound investments. With a financial gift, she will continue to reap the benefits of the investment you made today for years to come!

Click here for the latest articles on Financial Planning

Also ReadThink Cash Is Outdated? Here’s What You Can Gift Your Sister This Raksha Bandhan 

Raksha Bandhan started. Modern-day brothers reciprocate the sisterly love with gifts of all kinds. But what can be a better way to protect your sister than by protecting her financial future?

  • Gifting on Raksha Bandhan is a traditional practice. Cash, jewellery, and consumer products are common choices.

  • Financial investments as a Rakhi gift can be a prudent alternative to strengthen your sister's financial future. 

  • It can be stock gifts, mutual fund investments or a more conservative debt instrument like FD or government bond as a gift.

Financial Raksha Bandhan Gifts For Your Sister

Here are some of the perfect financial investments that you can gift your sister on the occasion of Raksha Bandhan 2023.

  1. Health Insurance – If, by any chance, your sister is not medically covered, take the time to find one for her. Show that you care and select the best health plan for her and kick-start it with the starting premium. You can rest easy knowing that your sister’s finances are not vulnerable to medical emergencies.

  2. Virtual Gold – If you think physical gold is too old school, look for non-physical options instead. You can easily buy digital gold for her, or gift her units of a gold ETF or gold mutual fund.

Also Read: Good News: Receive Gifts From Family In The U.S. Tax-Free 

  1. Systematic Investment Plan (SIP) – Mutual fund investment through SIP is convenient, flexible and perfect to meet short and long-term financial goals. If you have a little sister who has just started working, inspire her to follow the growth path by investing in SIP on her behalf.

  2. Shares – All leading platforms offer the option of gifting the stocks in your Demat account to someone else. You can even gift her a balanced portfolio of shares and guide her on how to accumulate those stocks in the future.

  1. Deposits – You can make a lump sum investment in a fixed deposit, bond, National Savings Certificate, Public Provident Fund etc. which can add to her wealth. These are sovereign-backed investments that offer an assured return. If you gift one of these investments, it is certain to grow and compound over the years.

  2. Bank account – If your sister is of tender age, introduce her to the world of finance with a bank account and educate her on how money works. Make an initial deposit and motivate her to adopt the habit of saving her pocket money.

Conclusion

The latest smartphone or a dress can be a striking gift, but you must also think about strengthening your sister’s finances with sound investments. With a financial gift, she will continue to reap the benefits of the investment you made today for years to come!

Click here for the latest articles on Financial Planning

Also ReadThink Cash Is Outdated? Here’s What You Can Gift Your Sister This Raksha Bandhan