Here are a few options for such Diwali financial gift
Diwali 2022: This Diwali, give a financial gift to your loved ones, which will bring more returns and long-term value
Stocks
Share them directly via Demat account, which will in return help the ones gifting stocks as well in enabling high-yielding shares
Give shares as Diwali gifts to your loved ones
Digital Gold
Digital gold is fast becoming a popular option as compared to traditional gold coins, gold jewellery and gold bars. Opt for Sovereign Gold Bond, Gold ETFs or a Gold saving fund.
Gold ETF
It is a commodity-based mutual fund (subject to market risks), which will increase in terms of value over a period of time. It helps to turn your physical gold into gold asset class
Invest in SIPs
Investing in Systematic Investment Plans (SIP) helps you earn more on your Diwali bonus from office. You can open a SIP account and deposit your bonuses and a part of your salary to enjoy more returns
Life Insurance
Protect your loved ones during an unexpected incident by gifting them a life insurance term plan. Term life insurance provides a sizeable life insurance payout...
...that can avert any financial crisis during an unexpected incident. Life insurance schemes can help you raise funds for both immediate and long-term goals
Health Insurance
- Family floater policy - Individual health plan
Health insurance for your loved ones is a must in today’s times. You can choose from:
If you reside in a metro, it is recommended to gift a health plan worth at least Rs 10 lakh
Government-sponsored savings programme
This is a special financial gift for daughters. It is a tax-savings programme, which can ensure a yearly interest rate of at least 7.6%
Sukanya Samriddhi Yojana
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