Best financial gifts to mom on Mother’s Day | Fusion - WeRIndia

Tomorrow is Mother’s Day. Many people are busy finding the best gifts for their mothers. They want their gift to be unique.

Here are some of the best financial gifts for your mom to surprise her Mother’s Day:

If your mother does not have a financial planner, then gift her the services of a good financial planner to manage her funds efficiently. The financial planner also helps her achieve retirement goals by investing the money wisely.

Instead of buying physical gold, try differently gifting her gold bonds. These bonds yield good returns over time. These bonds have the free guarantee of payment and never default at redemption. If you buy sovereign gold bonds, they can be gifted or transferred to anyone if they have the eligibility criteria.

If your mother likes investing in stocks, then you can gift her some mutual funds or equity stocks. You can directly transfer the shares to the recipient’s demat account. However, mutual fund units are not transferrable. So, if you want to gift them to your mother, then redeem the units and gift the proceeds to your mother. Alternatively, you can buy the funds on her behalf and gift her.

Fixed deposit is one of the most common and best financial gifts due to its assured return (even though it is low compared to stocks and other financial schemes).

Health insurance is very important. If you gift her a health insurance policy, then it will assure her of medical care without disrupting finances. At present, there are many healthcare options available in the market. So, opt for a good healthcare policy for your mother.

If your mother is aged above 60 years, then you can think of gifting her the Senior Citizen Saving Scheme (SCSS). It is a government-supported saving instrument where the returns on the deposited amount have higher returns. The amount will be matured after five years. And the minimum deposit amount is ₹1,000. One can deposit in the scheme in the multiples of ₹1,000 up to the maximum limit of ₹15,00,000.

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