Financial freedom is the best gift a brother can give to his sister. And what can be a better day for this than Raksha Bandhan. Raksha Bandhan is one of the most auspicious festivals which celebrates the loving bond between brother and sister. A sister ties a rakhi on her brother’s wrist and wishes him a healthy and prosperous life. In return the brother gives her a gift as a symbol of love.
From cash to clothes to gift vouchers to gadgets… the list of gifts for sisters is endless. However, instead of giving gifts that give instant gratification, brothers can give their sisters a huge gift that will free them up financially for life.
Here is a list of top financial products that you can consider gifting your sister on Raksha Bandhan 2022
Fixed Deposit (FD): You can make a Fixed Deposit (FD) in the name of your sister.
mutual fund: mutual fund Investing is a great gift for your sister.
Health Insurance Plan: You can also pay the premium for a health insurance policy on her behalf to protect your sister from uncertainties.
digital gold: Instead of gifting physical gold, digital gold is another option to gift your sibling.
stock: Gifting stocks is also a good idea. You can gift blue chip company shares with a long-term investment. If you have little knowledge about this, then you should discuss it with your financial planner.
Anil Pinapala, CEO and Founder, Vivifi India Finance, says that financial literacy and a strong credit history are the cornerstones of financial independence.
“With the intention of enabling her to achieve financial independence, it can help her develop financial discipline and learn to make informed financial decisions to ultimately achieve financial independence while focusing on her career. Most Flexible Repayment An open-ended line of credit from FlexPay with options and no hidden charges can help him build a strong credit profile and a great credit score.Also, the line of credit allows him to manage personal expenses or continue his studies. and be prepared for unforeseen events without worrying about the financial consequences,” said Anil.
Rikant Pitti, Co-Founder, EasyMyTrip says that giving a travel credit card with special travel privileges can be a perfect gift this Rakshabandhan.
“Your loved ones can use this gift to support their long-weekend travel plans. Access year-round instant deals on hotels and flights through EaseMyTrip and Standard Chartered co-branded credit cards through the EaseMyTrip website/mobile application Provides,” said Rickent Pitti.
“Give her the gift of protection against the occurrences of Black Swan, especially health related by getting her a comprehensive medical health package. Second, let her start on savings instruments like Equity Linked Systematic Investment Plan (SIP). SIP in Equity The higher yielding instruments will ensure that her goal of financial independence is achieved faster. However, the instrument for SIP can be selected based on the sister’s age,” said Vikas Singhania, CEO, TradeSmart.
Raksha Bandhan 2022 date, time
Raksha Bandhan Shravan falls on the full moon day. However, this year people are confused about the date and auspicious time to celebrate Rakhi. Many people are claiming that Raksha Bandhan is on 11th August, while others are saying that it is on 12th August.
catch all business News, market news, today’s fresh news events and breaking news Updates on Live Mint. download mint news app To get daily market updates.