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THIS FATHER’S DAY, LET’S CELEBRATE CARE, DEDICATION AND SELFLESSNESS

Rather than gifting your father an expensive gift this Father’s Day, here are a few tips that are sure to help him financially through the years ahead.

Review his investment portfolio: Understand his current and future financial needs and review and reallocate his portfolio if needed.

Ensure he has adequate medical insurance: The ever-increasing cost of healthcare needs a plan that can keep up. Help him prepare for it.

Prepare for regular income: Help set up a Systematic Withdrawal Plan (SWP) from his investments to ensure regular income.

Save more in tax: Help your father switch from traditional tax saving investments to Equity Linked Savings Scheme (ELSS) to save tax and build wealth.

Plan to help lower his debt: Loans at a high interest rate can have a huge long-term impact so try to shift to a loan with a lower interest rate.

Set up an emergency fund: Help your father prepare for any medical or other emergency with easy access to his funds.

Draft a Will: Estate planning is vitally important in sharing his investments and assets in the future. Help him prepare a Will.

Plan for his retirement: Instead of traditional investments, help him invest in equity-based mutual funds through Systematic Investment Plan (SIP) for better long-term returns potential.

Source: HSBC Mutual Fund

An Investor Education & Awareness Initiative

Investors should deal only with Registered Mutual Funds, to be verified on SEBI website under Intermediaries/Market Infrastructure Institutions". Refer to www.assetmanagement.hsbc.co.in for details on completing a one-time KYC (Know Your Customer) process, change of details like address, phone number etc. and change of bank details, etc. For complaints redressal, either visit www.assetmanagement.hsbc.co.in or SEBI's website www.scores.gov.in. Investors may refer to the section on ‘Investor Education’ on the website of Mutual Fund for the details on all 'Investor Education and Awareness Initiatives' undertaken by the AMC.

Disclaimer: This document has been prepared by HSBC Asset Management (India) Private Limited for information purposes only and should not be construed as i) an offer or recommendation to buy or sell securities referred to herein or any of the funds of HSBC Mutual Fund; or ii) an investment research or investment advice. Investors should seek personal and independent advice regarding the appropriateness of investing in any of the funds, securities, other investment or investment strategies that may have been discussed or referred herein and should understand that the views regarding future prospects may or may not be realized. This document is intended only for those who access it from within India and approved for distribution in Indian jurisdiction only. Distribution of this document to anyone (including investors, prospective investors or distributors) who are located outside India or foreign nationals residing in India, is strictly prohibited.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.