The festival of Rakshabandhan is the most auspicious and a popular festival of brother-sister, which is celebrated with great pomp in India. This year Raksha Bandhan will be celebrated on 19 August 2024. Gifts like cash, jewelery and clothes etc. are given on Raksha Bandhan, but many experts believe that mutual funds, fixed deposits and other gifts can provide financial freedom to brothers and sisters. Experts say that not only brothers, working sisters can also give this gift to their younger brothers.
mutual fund
By contributing to a mutual fund in your sister’s name, you can help her achieve her financial goals in the long term. Elder sisters can also do this for their younger brothers. You can invest in mutual funds through lump sum or SIP. You can start investing in mutual funds by investing Rs 1 lakh in lump sum or through SIP of Rs 2000.
investing in stock
Equity investment is the money which is invested in a company by purchasing shares of that company in the stock market. Gifting stocks on Rakshabandhan can be a good and visionary gift. However, you can take the help of a financial advisor before buying the stock of any company.
Gold and silver coins on Rakhi
You can also gift gold and silver coins to your sister or brother on Rakshabandhan, because we have seen for some time now where the prices of gold and silver have reached.
gold etf
You can gift gold ETF to your sister instead of gold jewellery. In 2024, the gold fund has given a good return of 9.31%. Investments in gold exchange-traded funds (ETFs) increased to Rs 1,337.4 crore in July 2024, the highest since February 2020.
Fixed Deposit on Rakhi
FD is a safe gift option for Rakhi. It gives guaranteed returns on investment. In such a situation, you can make a great way to contribute to your sister’s financial security and future planning. By gifting an FD, he gets a stable investment. By investing in it for long term, you can make big money.
(Note- Before making any kind of investment, take the help of your financial advisor.)