New Delhi: There are solely two days left for Raksha Bandhan. You will need to have considered a present in your sister. When you have not thought or need to give a singular reward, then you may also give monetary reward to your sister. By these presents, you can’t solely make your sister financially robust however may also take away the strain of her well being. These presents additionally embrace many varieties of funding choices. You may also give such funding presents to your sister which is able to take away the strain of her bills on Diwali or another competition. It’s not obligatory that these presents must be given solely to the sister. Sister may also give these monetary presents to brother as a return reward.
1. Fastened Deposit
The cash you’ll give to your sister as a present, you may also give it by making an FD. This can be a good possibility for protected funding. There isn’t a market threat on this. You’ll be able to select the time of FD as per your want. After that stipulated time, the sister will get a big quantity, which she will be able to use for her wants. 2. Lump sum funding in MF
If you wish to get a better return on the quantity given as a present, then you may make investments a lump sum quantity in mutual funds by way of SIP. For this, open an account in your sister. This will even assist in accumulating a big fund in your sister. If wanted, the sister can use the quantity invested in it.
3. Funding in shares
In case your sister invests within the inventory market, then you should buy some shares in your sister with the reward cash. Not solely this, if you happen to additionally put money into the inventory market, then you may also give a few of your shares to your sister as a present.
4. Funding in gold
You may also reward any gold jewelry or coin to your sister. In instances of monetary disaster, she will be able to fulfill her wants by mortgaging or promoting this jewelry. On the similar time, you may also reward gold ETF to your sister or digital gold as a present.
5. Well being Insurance coverage
In case your sister doesn’t have medical health insurance, you may reward her medical health insurance. This may present monetary assist to your sister for therapy in case of sickness. Be sure to present her medical health insurance with a canopy of a minimum of Rs 2 lakh. You may also reward time period insurance coverage to your sister.