Importance of Bhai Dooj
The relationship between brother and sister is priceless. This year the festival of Bhai Dooj will be celebrated on 11 November. On this day, sisters apply Tilak to their brothers and wish for their long life, while brothers give gifts to their sisters. If you are wondering what gift to give your sister, there is no need to worry.
Great gift option
To make this special day even more special, you can gift your sister things of her choice. These may include chocolate, perfume, smart watch etc. If you do not want to give boring gifts and want to make them financially strong, then you can gift some special things. These gifts can help your sisters be prepared for savings, investments and unexpected expenses.
Gift these things to your sister
Systematic Investment Plan (SIP)
You can open a 'Systematic Investment Plan' (SIP) in mutual funds for your sister. A good amount can be accumulated by regular investment. However, equity mutual funds are market linked and there is no guarantee of returns. Before selecting any scheme, ensure what is the investment period and risk tolerance.
gift digital gold
Gold has always been considered a symbol of prosperity. Gold jewelery is often gifted on festivals. Instead of buying jewellery, brothers can gift digital gold to their sister. It is a type of investment. Apart from this, one can also invest in gold exchange traded funds. Gold ETFs are traded on stock exchanges, which requires a demat and trading account. Before investing, check the reliability of the platform and redemption charges.
health insurance policy
You can also gift a health insurance policy to your sister. Paying an insurance policy premium is a financial gift. It is essential to compare the hospital networks, waiting period, things covered, payment terms and claim conditions before purchasing a policy. Select the policy very carefully.