MOTHER’S DAY SPECIAL- Choose Investment over Flowers & Cards.

This Mother's Day GIFT her Financial Security- Choose Investment over Flowers & Cards.

  

Mothers are a constant source of comfort, selfless love, and best advice. Every child learns the ethical and moral values from their mother. She deserves a celebration for all that she does. Since Mother's Day is falling on the 14th of May let’s make her feel special for her selfless job.  

All of us want to buy best gifts for our mothers to tell her how special she is. Surprising her with Cakes, flowers and cards, etc. has become very common now. So, this Mother's Day why not to surprise her with the gift of financial security that will provide her financial support.  

On this special occasion I am sharing some interesting gifts that you can give it to your mother to make this day special for her from a financial perspective. Here are SIX best financial gifts you can consider for your mother that will truly surprise her this Mother's Day: 

  

1. INVEST FOR HER- START A SIP 

Have you ever wondered that does your mother have enough money saved for emergencies? Does she have a separate fund just for her expenses? If your mother has never invested in mutual funds, this is a good time to start. 

  

The best way to start in this direction is to start an SIP (Systematic Investment Plan) for her. A small amount dedicatedly invested every month could eventually become the fuel for your mother’s dreams. You can also choose to add in a mutual fund scheme that supports her retirement plan. The returns can help your mother achieve her financial goals and live a life she enjoys.” Get in touch with a reliable mutual fund adviser who can do the onboarding paperwork and get her started on her investment journey.  

  

2. GET HEALTH COVER FOR YOUR MOTHER 

Keep her good health on priority. We've seen escalating medical costs over the last few years. So, in this time it is important that your mother has an adequate health insurance cover. If she is not insured, get her one immediately. This is the best financial gift you could give her because it provides financial security and meets her medical needs even in your absence. 

  

A good health insurance plan will help cover all the costs of future hospitals visits and treatment. Insurance is important as it also provides critical illness cover, OPD care, room rent waiver and more. 

  

3. GIVE HER AN ANNUAL PREVENTATIVE HEALTH CHECK-UP  

All the doctors advise you to undergo for a medical check-up of your full body annually if you are above 35 years of age to ensure early symptoms of any impending disease. For females, it is more important specially to cover cancer check-up specifically for early detection of symptom and Cervical, Endometrial, and Ovarian Cancer. 

  

This Mother's Day, book a full body medical check-up for your mom. A thorough check-up will reveal if there is anything wrong, and the problem can be eliminated at the very beginning stage. The expenses incurred by you for preventative health check-up of both the parents taken together can be claimed up to Rs 5,000 every year under Section 80D of the Income Tax Act. You can claim these expenses even if your parents are financially independent.  

  

4. GIFT HER GOLD IN A UNIQUE WAY 

Gold has always been a favourite asset for females. Mothers love gold, especially in the form of jewellery, but given the risk it carries, this is the best time to introduce your mother to paper Gold. Instead of physical gold, there are various smart ways to invest in the yellow metal if you are looking for a real rate of return. You may consider investing in Gold ETFs, Gold saving funds or sovereign gold bonds in your mother's name as a financial gift for her.  

  

These are linked to the price of gold and will move along with the metal, without the hassles of ensuring purity, paying making charges or worrying about safe storage. Moreover, as per the sovereign gold bond scheme, the bonds can be gifted or transferred to any person who meets the eligibility criteria. So, gold bonds can be an ideal gift for your mother on Mother's Day. 

  

5. INVEST IN 'Senior Citizen Savings Scheme' (SCSS) 

A Senior Citizens' Savings Scheme (SCSS) account is a great and safe investment option if your mother is above 60 years. This is the best investing option if your mother is not comfortable to invest in market linked instruments. SCSS is a government-backed savings instrument which offers interest at the rate of 7.40% per annum.  

  

SCSS is suitable for senior citizens looking for a high fixed rate of return and a regular income on a quarterly basis. Investment in SCSS is also eligible for tax deduction up to Rs 1.5 lakh per annum under Section 80C of the Income-tax Act, 1961.The deposit amount matures after five years from the date of account opening. The interest rate is linked to government bond yields and can change every three months. But once a person invests, the rate remains fixed for the entire five-year tenure. The SCSS is managed by the government and pays interest every three months. However, the upper limit for investing in SCSS is Rs 15 lakh.  

 

6. PLAN A VACATION FOR HER 

We can’t imagine just how she keeps everything organized and perfect without taking any break or demand. She may not wear a cap, but she is a superhero, and Mother’s Day is your chance to let her know it. This Mother’s Day make her dream come true and give her an all-expenses-paid trip to her favourite destination. Fund a long trip for her so that she can relax and explore new place. She will just love it. 

 

 
CONCLUSION:-  

That’s all! These are the best financial gifts that you can give it to your mother on this Mother's Day. You must comprehend your mother's requirements and meet them. This Mother's Day, Plan to give the gift of financial security to your mother. 

I would suggest you visit Kstar Financial Services Pvt Ltd for any financial advice or investment tips. We the top leading financial advisor help you in wealth management. We also help you to make investment decisions.  Here we encourage our investor to gain and enhance their financial knowledge and become financially independent. So, if you wish to gift your mother financial security this Mother's Day, get investment advice from Financial Advisor at KSTAR GROUP. 

 

INVEST NOW!