Category: Blogs
18 June 2022
3 Fs - Fathers Financial Freedom on Fathers Day
.

3 Fs - Father’s Financial Freedom on Father’s Day

Fathers Day is almost arriving. Its Fathers Day on June 19th and many of you may be thinking about how you can make your Fathers Day memorable. You may be preparing a party at home with gifts to make him feel special and to demonstrate your affection for him. But, for this Fathers Day, why not give dad something that will benefit him in the long run?

We provide you with the option to try something new. You may assist your father in planning his future in the same way that you assisted him in planning yours! Surprise your father this Fathers Day by assisting him in planning his retirement so that he may keep the same, if not a better, lifestyle once he hangs up his boots.

Lets have a look at some investing ideas that can make your father happy while also ensuring his financial security.

1 - Mutual Fund

This is one of our top selections for a financial present, and it can be given to any dad, whether or not he is financially savvy.

Mutual fund investment is still regarded as one of the greatest investment techniques for regular people trying to make a profit.

If your father has not yet retired, you can assist him in building a retirement fund by investing in mutual funds. You may give your father a SIP (Systematic Investment Plan) in mutual funds this Fathers Day to assist him to reach his retirement goals.

If your father is already retired, you can establish a systematic investment plan (SIP) in mutual funds to assist him to develop a medical fund that will support him if his health insurance runs out. Investing in mutual funds may also assist him in reducing the danger of inflation.

2 - Health Insurance requirements

If your father does not have health insurance or if his existing coverage is insufficient, this Fathers Day, give him a health insurance policy that will assist him in the event of hospitalization without putting a financial strain on him.

We all adore our fathers and want that in the event of a medical emergency, they receive the finest possible care. As a result, health insurance can assist you in this regard. If your father is a senior citizen, meaning he is 60 years old or older, you become eligible to avail of a deduction of up to Rs.50,000/- under section 80D (of the Income Tax Act).

Kindly note that this tax benefit is over and above the deduction limit of Rs.25,000/- applicable on the health insurance premium paid for you and your family (spouse and children).

About the author
Krishna Rana,
Research Analyst - Wealth Management
Krishna Rana is a Research Analyst and has been working in the financial domain for more than 6 years. She holds a Master’s Degree in Management Studies and is NISM Series XV certified. She does detailed research in Mutual Fund and upcoming IPO for investors to draw on their investment decision. She manages fixed income and multi-asset class funds, as well as analyzing macro indicators, measured portfolio risks, and developing credit risk models based on global best practices with a focus on the domestic market.
  • Amal s shah

    Regarding insurance


Leave a Reply
ATTENTION INVESTORS:
Precautions for clients dealing in options • || • Investor Charter : Annexure A – Stock Broker | Annexure A – Research Analyst (RA) | Annexure A – DP | Annexure B - DP • || • Advisory for KYC updation • || • Advisory for Investors • || • Investor Awareness regarding the revised guidelines on Margin Collection • || • Link your Aadhar number with us here. • || • IPO Subscription: " UPI Mechanism is Compulsory for Retail Investors. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account." • || • Prevent Unauthorized Transactions in your Demat Account remains in investor's account." • || • Prevent Unauthorized Transactions in your Demat Account- Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile number for all debit and other important transactions in your demat account directly from CDSL on the same day. “ISSUED IN THE INTEREST OF INVESTORS” "Prevent unauthorised transactions in your account --> Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day . Issued in the interest of Investors."
KMP | Products & Services | Global Investing | Research | Downloads | FAQs | Careers | Blogs | Media Center | ICCL Collateral
Milestone | Site Map | Disclaimer | Privacy Policy | Investor Grievances | CSR Policy | Form MGT 7 | BSE | NSE | CDSL | CDSL E voting | NSDL eVoting | AMFI | SCORES | SEBI Investor | SEBI
Registered Office : Sushil Financial Services Private Limited., 12, Homji Street Fort Mumbai-400 001 • Tel. No. +91-22-40936000 • Fax No. +91-22-22665758 • Email: info@sushilfinance.com

KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. Receive alerts on your Registered Mobile number for all debit and other important transactions in your demat account directly from CDSL on the same day. Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day.

Sushil Financial Services Private Limited - CIN No. U67120MH1991PTC063438- Member : BSE/ NSE. SEBI Registration No. - INZ000165135.. Depository Participant (CDSL) SEBI Registration No.- IN-DP-504-2020. Research Analyst SEBI Registration No.- INH000000867. IPO Distributor. AMFI Registered Mutual Fund Distributor ARN No. 77875 Registered Since : 04-Jan-2010 Valid till : 03-Jan-2027 .
© 2023 Sushil Finance. All rights reserved.