Secret Santa financial gifts for Christmas 2023: 5 ideas to wow your loved ones
financial journey, check out these best Secret Santa financial gifts this Christmas. Mutual fund investments: Investing in mutual funds is a fantastic way to gift your loved ones a head start in their financial journey.
It not only introduces them to the world of investing but also cultivates a habit of saving and building wealth over time. Choose a mutual fund scheme that aligns with their financial goals and risk appetite and watch their money grow.
Priti Rathi Gupta, Founder of LXME says, “If you’re away from retirement and have a long-term horizon, then you can look at allocating a major chunk into equity by way of mutual funds as it aims at providing inflation-beating returns and as you move closer to retirement, you can allocate more money to debt mutual funds." Fixed deposit account: A fixed deposit is a safe and secure investment option that offers guaranteed returns.
By opening a fixed deposit account in your loved one's name, you give them the gift of financial stability. They can enjoy the benefits of higher interest rates and ensure a steady income stream.
Life insurance policy: Life is unpredictable, but we can safeguard our loved ones from financial uncertainty by gifting them a life insurance policy. A life insurance policy not only provides financial protection in case of unfortunate events but also offers peace of mind.
Choose a policy that suits their needs, whether it's term insurance for a specific period or a whole life insurance plan that provides coverage for a lifetime.
Shilpa Arora, COO and Co-Founder, Insurance Samadhan says, “Life insurance is not just a policy; it is essential protection against the financial uncertainties that come with life's unexpected twists and turns. It's about being
