BusinessPhoto: NDTV BusinessParents Weigh Fixed Deposits, Mutual Funds, or Cash for Diwali Gifts to Children
During Diwali, parents consider gifting children financial assets like fixed deposits or mutual funds instead of cash or traditional presents. Fixed deposits offer stable returns without market risk, suitable for funding education or milestones. Mutual funds may suit those open to market fluctuations. The choice depends on the child's age, financial goals, and parents' risk tolerance, with maturity periods critical for timing fund availability.
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