Mother's Day is celebrated in India on the second Sunday of May, and it is said that homemakers are the best money managers. However, experts say it is better to invest that money to earn capital gains, rather than keep it idle. If the investment horizon is short, they may consider initiating a monthly systematic investment plan into a mutual fund such as liquid funds. This is one of the best-suited investment options for homemakers since they can invest in mutual funds with minimal savings—as low as Rs500. “Putting your money in schemes such as SIP, recurring deposit, mutual funds, etc can be a good way of making yourself financially independent.

Source: Mint May 08, 2021 12:22 UTC