Some thoughtful financial gift ideas you can give your sister on Raksha Bandhan 2024
1)Gifting cash on Rakhi: It is a classic and versatile gift that allows her to spend it as she wishes.
2)Gifting investment Fund on Rakhi: Contribute to a mutual fund or savings account in her name to help her with long-term financial goals.
3)Gifting stocks on Rakhi: Gifting stocks on Raksha Bandhan can be a thoughtful and forward-looking present, offering both financial potential and long-term value
4)Gifting Systematic Investment Plans on Rakhi: SIPs offer a disciplined approach to investing in Mutual Funds, making them an excellent Rakhi gift.
5)Gifting Gold/Silver Coins on Rakhi: Precious metal coins can be both a practical and valuable gift.
6)Gifting Fixed Deposits on Rakhi: FDs are a timeless and secure gift choice for Rakhi. They offer a guaranteed return on investment, making them a perfect way to contribute to your sister’s financial security and future planning. Gifting an FD provides her with a stable investment. This gesture not only helps in building her savings but also shows a commitment to her long-term well-being.
7) Gifting lump sum mutual fund investment on Rakhi: This gift allows her to benefit from a mutual fund’s professional management and diversification, potentially enhancing her wealth over time.
8) Gift card: A gift card to her favourite store or online retailer allows her to choose what she wants.
As Raksha Bandhan approaches, India is sparkling with a stunning array of rakhis that will make this festive season unforgettable. Raksha Bandhan will be celebrated on Monday, August 19, 2024. According to a report in Livehindustan, the most auspicious time for tying Rakhis is from 1:30 PM to 9:07 PM on August 19, 2024.
Disclaimer: The views and recommendations made above are those of individual analysts, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.
