This Raksha Bandhan – Empower The “Shagun Ka Lifafa”.

In Mahabharata, considered one of our best epics, Dushashana makes an attempt to disrobe Draupadi within the Kaurava courtroom. Whereas all people watches in stupefied silence. Draupadi prays to Krishna, who forthwith involves her rescue. Her saree turns into unending- yards and yards of material seem miraculously defeating Dushashana’s evil plan.

Raksha Bandhan – an unconditional pledge that each brother takes to guard their sister from hassle. That is greater than a competition for us. It’s our lifestyle.

All stated, ‘Shagun ka Lifafa ’ on at the present time has a specific relevance and emotional join, slicing throughout generations. A lot as brothers need to shield their sisters; there are lots of challenges that in the present day’s ladies want to battle and handle on their very own. Maybe, empowering sisters shall be an incredible present that brothers can current.

This Raksha Bandhan eMpower the “Lifafa” 

1. Introduce her to a monetary literacy program 2. Assist draw a monetary plan for her

Monetary Literacy Program

Ladies have at all times managed their funds a lot better. They’re but to get their due credit score for his or her cash administration abilities. Their sixth sense in the direction of “danger evaluation” makes them a a lot better investor. Right now’s ladies have the acumen to be on the driver’s seat and steer cash choices. Brothers should encourage & introduce sisters to cash administration classes and assist enrol for monetary literacy packages.

Monetary Planning 

Years of social conditioning and patriarchal traditions have put ladies to an obstacle in relation to cash issues; however occasions have modified. The social situation is altering and in the present day’s ladies need to take this head on. It’s time to take cost of the funds. Being financially impartial goes a great distance in offering a lifetime of dignity.

A superb Monetary plan not solely provides course in the direction of attaining life’s necessary objectives, it makes one financially assured about cash.

A superb monetary plan spans; Emergency Planning, Danger Safety (i.e.- Well being Insurance coverage, Time period Insurance coverage & Incapacity Insurance coverage), Aim Planning, Tax planning, Retirement Planning and Property Planning.

Emergency Planning – Ideally a minimal of 6 months bills should be stored apart in Mounted Deposits / Liquid Funds to satisfy any sudden bills (good or dangerous).

Well being Insurance coverage / Life Insurance coverage – It might sound very unromantic to present a life or a medical insurance plan however in in the present day’s quick altering life & pandemic state of affairs it has all its benefit.

Aim primarily based Investments – Mutual Fund SIP in Fairness to fund long-term objectives and Debt Funds for brief time period objectives. For medium time period & long-term objectives, one can put money into tax-saving devices to boost the profit.

Digital Gold – Digital gold within the type of Gold ETFs or sovereign Gold Bond are a lot environment friendly options to the traditional choice of bodily gold.

Learn our earlier weblog article on asset allocation for readability.

WILL – write one! It’s a easy means to make sure the inheritance passes to the rightful authorized inheritor as per the sister’s want, in case of any eventuality.

Ladies of the twenty first century want to be self-reliant; by serving to her grow to be financially savvy, it isn’t implied that brothers decide to fund her objectives. Sisters are searching for the care & love from their brothers, greater than something. Be her Krishna.

To the eternal bond of eternity – HappyRakshaBandhan .

This weblog article is co-written by Sarabjit Singh and Tanwir Alam Sarabjit Singh is Senior Vice President, Institutional Gross sales with IDFC Asset Administration Co. Tanwir Alam – Founder & CEO, FINCART.

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