In Mahabharata, one among our best epics, Dushashana makes an attempt to disrobe Draupadi within the Kaurava court docket. Whereas everyone 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 bother. That is greater than a competition for us. It’s our lifestyle.
All stated, ‘Shagun ka Lifafa ’ on today has a specific relevance and emotional join, reducing throughout generations. A lot as brothers need to shield their sisters; there are various challenges that as we speak’s ladies want to battle and handle on their very own. Maybe, empowering sisters will likely 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 all the time managed their funds a lot better. They’re but to get their due credit score for his or her cash administration expertise. Their sixth sense in the direction of “threat evaluation” makes them a a lot better investor. Right this moment’s ladies have the acumen to be on the driver’s seat and steer cash selections. 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 the case of cash issues; however instances have modified. The social situation is altering and as we speak’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.
Monetary plan not solely provides course in the direction of attaining life’s vital targets, it makes one financially assured about cash.
monetary plan spans; Emergency Planning, Threat Safety (i.e.- Well being Insurance coverage, Time period Insurance coverage & Incapacity Insurance coverage), Purpose Planning, Tax planning, Retirement Planning and Property Planning.
Emergency Planning – Ideally a minimal of 6 months bills have to be stored apart in Mounted Deposits / Liquid Funds to satisfy any sudden bills (good or dangerous).
Well being Insurance coverage / Life Insurance coverage – It could sound very unromantic to present a life or a medical health insurance plan however in as we speak’s quick altering life & pandemic state of affairs it has all its advantage.
Purpose based mostly Investments – Mutual Fund SIP in Fairness to fund long-term targets and Debt Funds for brief time period targets. For medium time period & long-term targets, one can spend money on 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 standard choice of bodily gold.
Learn our earlier weblog article on asset allocation for readability.
WILL – write one! It’s a easy manner 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 develop into financially savvy, it isn’t implied that brothers decide to fund her targets. Sisters are on the lookout 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.
