Today is Mother's day a day which is dedicaated to a lady whom we love the most and one who makes many sacrifices for our life. On this occasion, people are looking for the best gift they can get for their mothers. Cards, chocolates and flowers are nice but they might not be the best thing or the thing that mom needs right now. A mother invests the majority of her life trying to make their child's life better and nothing could be a better gift than her child investing in products which will offer financial safety, security and independence to your mother.
We bring you the few ideas in which you can invest this mother day for your mother.
Gold: While gifting you mom Gold jewellery might seem tempting, gold jewellery does not offer recurring returns or interest income. So this mother's day, rather than gifting your mother gold jewellery, you can invest in Sovereign Gold Bonds, Gold ETFs and E-gold since it will earn regular interest and income. Unlike gold jewellery, the returns earned from these investments can provide financial stability to your mother.
Real Estate: For older generations, tangible property like a house means a lot. Therefore, you can gift your mom the house she always dreamed about. There are several investment instruments which can help you save up enough to buy a good, affordable house for your parents.
Risk-averse investments: There are a lot of risk-averse investment instruments like PPF, FDs, post office senior citizen savings scheme etc. where you can invest. You earn a fixed interest and guaranteed returns on these investments
Insurance: Gifting health insurance cover to your mom might be one of the most thoughtful gifts you can give her as it assures her that she will get best medical care when needed without her savings getting drained.