The festival of Bhai Dooj, it brings upon rich sentimental value and religious importance as well. The brothers pledge to protect and care for their sisters while the sisters pray and ask God for graces and blessings for their brothers. This is followed by giving material gifts. From gifts to cash, the gifting concept has changed altogether but the intention remains the same. Try gifting them an investment asset or opportunity if you want to gift something unique which will act as security for their better future.
In India, investment comes with a myth of being complicated and general people flinch away from it. Ensure your sibling doesn’t do that, gift some advice to your sibling this Bhai Dooj for their prosperous future.
Investments made with a goal have more chances of creating wealth and fulfilling dreams and desires. The interest rate on a savings account is declining day by day. Investing brings lots of avenues with higher returns.
Investments encourage having emergency funds. Motivate your siblings to plan finances in advance by inculcating the importance of budgeting and discipline spending. Maintaining an emergency fund helps withdrawing if a financial emergency arises.
Investments in reality means automating savings. A convenient way to nest eggs is via Systematic Investment Plan mode. The bank will automatically deduct their monthly contribution to the mutual fund of the chosen AMC. It prevents overspending and backing out from investing.
These re-invest in shares and stocks under the guidance of a fund advisor. SIPs ensure that regular contribution towards the fund reduces any major financial downfall in the long run to organize the monthly budget.
SIP for the healthy and wealthy life for your Sibling !
All have financial goals ranging from buying a house, an expensive gadget or vehicle, traveling for leisure etc. And to accomplish these, a SIP is a contemporary and effective mode of investing in mutual funds. SIPs help to mitigate the risk involved and the power of compounding to add to financial security.
Today’s lifestyle invites higher risk to the health of our loved ones. Gift your sibling/s a health insurance policy and pay his/her premium, it would truly be a valuable and unforgettable gift.
So, bring a positive change in the life of your siblings this bhai dooj brighten up their financial future and strengthen the bond.