Go the SIP Way
This Raksha Bandhan, you can set the wheel of your sister’s financial freedom in motion by starting an SIP in her name. While the gift is to give a kick start, you can then help her navigate through the ups and downs of the markets as and when the value of her investments fluctuates.
Invest in Gold ETFs
In India, the obsession with gold is unmatched. So this festive season, gift your sister some gold, not in the physical form, but in the form of gold ETFs.
Gold ETFs or Gold Exchange Traded Funds are units of gold that trade on the stock exchange just like any stock, and one can buy and sell it any time during the trading hours.
Gift Some Stocks
Another gift for your sister is some good stocks. You can gift stocks of fundamentally sound companies having bright future outlooks. Also, stocks giving handsome dividends can be gifted so that it can help your sister by offering frequent cashflows.
Invest in Financial Knowledge
An investment in knowledge pays the best interest. And you can reap the highest benefits by investing in your sister’s financial acumen this Raksha Bandhan. This is a gift whose price cannot be quantified and there are no costs associated with it.
The Teji Mandi Portfolio
If you are still confused about what to gift your sister this Raksha Bandhan, then the Teji Mandi portfolio is the best option.
It is a portfolio comprising 15-20 well-researched stocks that can be availed at a flat monthly fee. It is user-friendly and can help generate wealth in the long run.
These are some financial gifts that you can gift your sister this Raksha Bandhan and set her financial progress in motion!