I was looking for Mother’s day gift options online and Google was giving ideas like flowers, jewellery, coffee mugs and cushions that read World’s Best Mother or Love you Mom and many others.
My friend suggested: how about a sumptuous lunch at a restaurant? Or better, you cook a meal for her and later you can take her to a spa. But we do this year after year. How about something different:
1.Gifting a health cover to your mother assures her of the best medical care when needed without any strain on her finances.
- Starting a fund to realize her dream: Has your mother cherished a secret desire to travel to Switzerland, on an international cruise ship, any other such dream. Help her achieve her dream.
- Most likely, her savings are “invested” in fixed deposits or post office schemes. Given the plunging rates of small saving schemes and their tax inefficiency, help her open a mutual fund account and invest in hybrid funds which will be a mix of debt and equity. Debt will lend stability and equity will offer good returns.
- Women are fond of having gold jewellery and gold accessories. However, gold does not provide recurring returns or interest income. Better options are Sovereign Gold Bonds, Gold ETFs and E-gold as they can provide regular interest income, safety and have no making charges.
This year, let’s give Mom something of Lasting Value, just like her love for us.
