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10 Financial Raksha Bandhan Gifts for your Sister

Shitanshu Kapadia
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10 Financial Raksha Bandhan Gifts for your Sister

Raksha Bandhan Gifts

Raksha Bandhan is a special festival that signifies bonding between brother and sister. On this wonderful day, sister knot a thread, Rakhi on her brother’s wrist and wish him a good luck. The brother promises to protect her in every situation of her life. Brother also gives her gift as a token of love. The usual Raksha Bandhan gifts given by brother are cash, accessories, clothes, jewelry, a box of sweet etc.

Instead of giving conventional Raksha Bandhan Gifts, this year you can think of giving a unique gift to your sister, a financial security. In this post, I have listed 10 Financial Raksha Bandhan Gifts for your sister.

10 Financial Raksha Bandhan Gifts for your Sister

  1. Mutual Fund SIP

The first unique Raksha Bandhan Gift for your sister is Mutual Fund SIP. Mutual fund SIP can help your sister to fulfil her dream. A dream could be starting new business, a holiday abroad or anything else. A mutual fund SIP can help her to build a big corpus systematically.

This would be a better and unique gift compared to a traditional materialistic gift. You can start a SIP with Rs.500 and increase gradually.

  1. Fixed deposit

A second unique Raksha Bandhan Gift is a fixed deposit. Instead of giving cash fixed deposit is much better option.  Fixed deposit give good interest on invested money.  Select a good nationalize bank and make fix deposit on the name of your sister.

  1. Equity

A third unique Raksha Bandhan Gift is equity.  Equity is a risky investment option, but you can invest in good scrip and give as a gift to your sister. Believe me, this is the best gift for long-term.  You can purchase either new share or transfer shares from your demat account as a gift.

Also Read – Best Stocks to buy in India for long term Investment

  1. Gold ETF

Gold a yellow shining metal can strengthen your sister’s financial security over the long term. It is indeed a deserving gift for the Raksha Bandhan. Instead of giving cash you can think of giving Gold ETF to your sister. Gold ETFs are open ended fund that tracks gold prices. The value of each gold ETF is equal to 1 gram of gold. This Raksha Bandhan you must consider gifting Gold ETF to your sister. This will surely safeguard future of your sister.

  1. Gold or Silver

The next Raksha Bandhan Gift is gold or silver. It would be a special gift to her. As it will give additional financial security to her. The gift here would be in physical form. You can either give it in form of jewelry or in form of coin.

  1. SWP

Systematic Withdrawal Plan (SWP) is another very good gift for Raksha Bandhan. SWP provides a regular source of income to your sister. If she is newly married and looking for a regular source of income SWP would be a smart gift to her. You can help her to setup SIP and opt for SWP as per her future requirement.

  1. Medical Insurance on her name

Another unique gift would be buying a medical insurance policy on her name or renewing a medical insurance policy for her. Due to change in lifestyle, stress, lack of physical exercise may cause a critical illness. Covering your sister with medical insurance would help her during a difficult time.

  1. Help Her to pay-off liabilities

The next gift would be helping her in paying off her liabilities. Well, this could be an unforgettable gift to her. You can help your sister in paying her debt to whatever extent possible. In addition to that, you can guide here or attach herewith professional that can help her in reducing her debt.

  1. Bank Account for her

If your sister is young you can gift her new bank account. You can deposit amount you wish to desire as a gift in this account. Moreover, you can teach her how to operate a bank account. This would be her first step towards the financial world.

  1. Gift Card

A last Raksha Bandhan Gift idea is simple. You can visit any bank and ask to prepare a preloaded gift card ranging from Rs.500 to Rs.50,000. If your sister is fond of shopping this would be an ideal gift for her.

I hope Raksha Bandhan Gifts mentioned above will help you in deciding your gift. If you have thought of any other Raksha Bandhan gift do share it in the comment section.

Transfer EPF Online using EPF Unified Member Portal

Shitanshu Kapadia
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Transfer EPF Online using EPF Unified Member Portal

Now it is easy to transfer EPF online using EPF Unified Portal. A Unified portal provides facility to transfer EPF online. The earlier option of using Online Transfer Claim portal is not available anymore. The new facility is launched on EPF unified portal. In this post, we will understand how to transfer EPF online using EPF unified portal. This facility will be used to transfer EPF online from the previous employer to present employer.

What is EPF Transfer?

When you change your job, you have two options either to withdraw your EPF amount or to transfer it to a new employer. In case you want to transfer your EPF to your new employer you have two options, you can transfer EPF offline or online. Online Transfer of EPF is preferable as it is easy and quick.

Also Read – E-nomination facility by EPFO on Unified Member Portal

Who can transfer EPF Online using EPF Unified Portal?

The prerequisites to transfer EPF Online using unified portal are given below.

  • Your KYC must be complete.
  • Your Aadhaar Card, Bank account, Bank IFSC details should be seeded against your UAN in unified portal.
  • Aadhaar is not mandatory for submitting online PF transfer request.
  • The date of Joining and Date of Exit with Reason of Exit of the member in the previous establishment should be available on Unified Portal.
  • Only one transfer request against the previous member ID can be accepted.

How to Transfer EPF Online using Unified Member Portal?

The step by step guide to transfer EPF online using Unified Member Portal is given below.

  • Visit Unified Member Portal and Login using your UAN ID and Password.
  • On the top menu bar, you will find Online Services. Click on One Member – One EPF account Transfer Request tab provided under Online Services menu.

Transfer Request EPF

  • You will be able to see Personal Information and Details of the present account of which transfer will be affected. You need to verify details given on the page before starting any transfer process.
  • You need to provide details of your previous EPF account. You have the option to submit online claim form attestation by the present or previous employer based on availability of Digital Signature for authorization.
  • Now select details of previous account which needs to be transferred. You need to provide your old UAN or Member ID. In case your member format is old you can generate Member ID in required format by Get MID option.

online epf transfer

  • In next step, you need to click on “Get OTP” to proceed with authentication of online transfer claim. OTP will be sent to UAN registered mobile number only. On receipt of OTP, enter OTP and click on submit button.

online epf transfer otp

  • Once you submit the request you are required to submit the signed copy of the transfer claim PDF to the selected employer within a period of 10 days.
  • Now employers have to digitally approve the transfer requests submitted by you in the unified member portal interface Online Services >> Transfer Claims menu online using Digital Signature.

I hope your queries related to Transfer of EPF from previous employer to present employer is clarified. In case of further assistance about transferring EPF online, you can dial toll-free number 1800118005.

Dr Vijay Malik Success Story & Stock Portfolio

Shitanshu Kapadia
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3
Dr Vijay Malik Success Story & Stock Portfolio

Dr Vijay Malik is a successful stock market investor of Dalal Street. He is also known as Dr.Stock. He is expert in identifying a health of a stock. His investment methodology is named as a peaceful investing. Dr.Vijay Malik has identified several multibagger stocks for investment. Dr.Vijay is a unique combination of MBBS, MBA, CFA, Stock picker, and biker. He is SEBI registered Analyst.

Dr Vijay Malik Success Story & Stock Portfolio

Dr.Vijay Malik started stock market investment in 2006. Prior to this, he completed his MBBS from a reputed government medical college in Maharashtra. After working for several years in the medical filed he realized that his cup of tea is finance and not medical. So, he decided to become Dr. Stock.He completed MBA (Finance) from IIFT Delhi in 2011. After completion of MBA, he has done certification like CFA (Chartered Financial Analyst) and Finance Risk Manager. He has developed a unique stock analysis excel tool called as Screener.in. A screener is an excellent tool that creates a dashboard of key analysis parameters for the stock. It will help an investor to make an opinion about any stock in few minutes. Dr.Malik follows fundamental analysis.

Dolly Khanna Stocks Portfolio Holdings

A stock portfolio of Dr.Vijay Malik has generated an annualized return (CAGR) of 73%. During FY2017, his stock portfolio generated a return of 173.55%.

Dr Vijay Malik
Dr Vijay Malik

In a recent interview of Mr.Malik published in economictimes, it is stated that over last 10 years, Dr.Malik has selected 14 stocks for investment but he has sold 8 stocks from his portfolio. He is only holding six stocks in his portfolio. Every stock of Dr.Malik is a multibagger stock. He has not shared his portfolio anywhere in public domain. However, unofficially from various sources I am able to capture Stock holding of Dr.Vijay Malik.

Note – The above portfolio of Dr.Vijay Malik is indicative and may not be correct as on today. If you want to get exact information on his portfolio you can subscribe to premium service offered by him.

Best Portfolio Management Services (PMS) in India

Learning from Dr Vijay Malik stock investment portfolio

  • Fundamental Analysis
    Dr.Malik follows fundamental analysis rigorously. He always finds stocks with strong fundamental for the investment. He does a complete analysis of stock on key parameters like financials, business, management, valuation before investing in any stock.
  • Historical Performance
    As per Dr.Malik, a historical performance of stock matters a lot. His excel based tool shows a complete detail of stock in terms of past performance, revenue, profit margins etc. He refers to the historical performance of stock before taking any investment decision.
  • Stay Invested in Fundamentally strong stocks
    Dr Malik taught investor to stay invested in fundamentally strong stock without any hesitation. He invested in J K Lakshmi Cement stock in Aug 2008 at Rs.40. The stock started declining but he never lost a faith he continued buying the stock. He sold stock at Rs.69 in Dec 2009.
  • Learning from Mistakes
    Dr Vijay Malik also teaches us to learn from mistakes. He sold L&T at Rs.1506 in March 2007 after purchasing it at Rs.1483. A few days later in Nov 2007 stock was trading at Rs.4500. Mr.Malik realize his mistake and decided to relook at his investment strategy. He decided to study further on perfect entry and exit points on the chart.
  • Follow and learn from Stock Market Veterans
    Mr.Malik respect other stock market veterans and follow them. He shared that writing of Peter Lynch and Warren Buffett helped him to improve understanding of fundamental and cash flow analysis.
  • Focus on company management
    Dr Vijay Malik says that company management is a mediator between the profits of the business and junior shareholders. A quality and Integrity of management is very important. One should monitor every action of management carefully. This will help the investor to be in safe hand.
  • Health Check of Stock
    Dr Stock carry out a perfect health check of a stock using his diagnostic kit screener tool before investing. We should also carry out research before investing in any stock.

Do you follow Dr.Vijay Malik for stock market investment?

Do share your views in the comment section given below.

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