Gifting SIPs

IF GIVEN ENOUGH TIME, IT COULD GROW INTO A LARGE CORPUS

traditionally people’s idea about gifting is about buying someone a physical good, which could be flowers, chocolate, cloths, diamond, jewellry, car or some other thing. Cash gifts are also popular among people. A new trend, however, is slowly emerging: Gifting a financial product. Such a gift could be a mutual fund SIP, a fixed deposit or an insurance plan. And interestingly in this segment, it’s the grandparents who are taking the lead.

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imggallery

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