5 Finance Gifts for your Mother

Your mother has dedicated her life to making your future better. But, there seems to be nothing that can accurately portray how much you love her.

Try to show your mother that just like her, you are also doing everything in your power to ensure a great future for her. Make sure she knows that you acknowledge her sacrifices and understand that her scoldings crafted you into a better person.

Invest in some financial instruments for your mother to secure her future while also taking care of her daily needs in her golden years.

Here are five finance gifts for your Mother that will set you apart.

Invest in Mutual Funds in her Name

A mutual fund can be an excellent gift for your mother. It shows that you are concerned about her future and want to help her grow her money. Mutual Funds are of several types, so you can choose one that fits your mother's investment goals.

Try not to put everything in just equity or debt funds. Whatever type of fund you choose, make sure it is from a reputable company with a good track record. Keep a balanced portfolio and empower your mother to redeem as little or as much as she needs at any time.

Senior Citizens' Savings Scheme as a Gift

If your mother is more than 60 years of age, you can give her the gift of financial security with a Senior Citizens' Savings Scheme (SCSS). With this scheme, she can enjoy a much higher interest rate on her deposits than on Fixed Deposits.

Although the interest rates for the SCSS are revised quarterly by the Government of India, it reigns as one of the safest and most popular financial instruments among the elderly. Currently, SCSS is giving a return of 7.4% on investments.

This scheme is ideal for seniors who want to ensure financial stability and independence. Give your mother the peace of mind that comes with knowing her future is secure with a Senior Citizens' Savings Scheme.

Subscribe her to the Pradhan Mantri Vaya Vandana Yojana

The Pradhan Mantri Vaya Vandana Yojana (PMVVY), administered by the Life Insurance Corporation of India (LIC), is an excellent option for senior citizens seeking regular income after retirement.

It is currently offering a guaranteed return of 7.4% monthly, or 7.45% quarterly, or 7.52% Half-yearly, or 7.66% Yearly, for 10 years. After ten years, the policyholder gets back the invested amount.

If you plan to purchase the PMVVY for your mother, Mother's Day would be perfect. Give your mother the gift of financial security this Mother's Day by investing in the PMVVY.

Gift her Sovereign Gold Bonds

If you're searching for a special gift this year for your mother, why not consider Sovereign Gold Bonds?

The Government issues Sovereign Gold Bonds, and they are backed by gold. They offer a great way to invest in gold without worrying about storing it or dealing with Gold ETFs. And best of all, sovereign gold bonds can be purchased in denominations as low as 1 gram, making them a perfect gift for your mother on Mother's Day.

So if you're looking for a unique and thoughtful gift for your mother this year, consider investing in a sovereign gold bond. She'll appreciate the thoughtfulness, and you can rest assured knowing that you're giving her a gift that will last a lifetime.

Teach her how to Manage her Funds on her Mobile

Managing bank accounts, bills, and investments is now easier than ever, as they can be done with a few clicks on your mobile. However, our parents are often missing out on these conveniences. It can be very satisfying to pull up a chair for your mother, hand her a cup of tea, and teach her one app.

She will seldom have to go to the bank again or the office of the utility service providers to settle bills. Your mother will be able to take care of the house as she always did while getting some much-deserved rest on Mother's Day!

To Conclude

This is an opportunity to make your mother financially empowered. Enable her to take control of her finances and live life on her terms.

It would be best to look into each financial instrument carefully before choosing the one that specifically meets your mother's financial needs.

You may nudge your mother to join the Blue Bindi project to empower herself financially and make prudent investment decisions toward a secure future.