Raksha Bandhan Gifts: Gold, Fixed Deposits or Mutual Funds?

Raksha Bandhan gifts do not have to be only clothes, cash or jewellery.

You can also give your sister an investment.

For a young sister, mutual funds may have many years to grow.

Mutual funds can rise or fall, so their returns are not guaranteed.

For a teenager who may need money soon, it can be safer to split the money between different investments.

Gold ETFs, fixed deposits and some mutual funds are possible choices.

A married sister may use equity investments for long-term goals like children’s education.

Fixed deposits or debt funds may help with unexpected expenses.

The best choice depends on when she needs the money and how much risk she can accept.