DON’T GIVE CASH
People will either spend it or invest it. Investing the money earned as a gift is taxable. Cash too can be taxable if it is over ` 50,000. It’s better to invest directly and then gift it
NO DEMAT NEEDED
Buying shares as a gift can be troublesome because of the Demat account needed. Mutual Funds (MFs), however, don’t need Demat. It can thus be a better gift.
CHILD GIFT PLANS
What can be a better gift than ?nancial independence for your child? A Child MF Plan can be a good option. Invest in such a plan and gift it once your child turns 18
GIFT A FINANCIAL PLANNER
“Give a man a ?sh and you feed him for a day; teach a man to ?sh and you feed him for a lifetime.” Exactly the same way, gift a planner and enable your loved ones to be ?nancially independent for a lifetime
PENSION FOR PARENTS
MFs have speci?c plans for Goals like retirement and pension. Invest in a pension plan for your parents as a gift.
Gifting Gold jewellery means spending extra on labour charges. Better to invest in Gold Funds. They may also end up giving better returns