For most NRIs, Raksha Bandhan is filled with nostalgia – memories of home, childhood jokes, and that one sweet dish you still crave. But this year, you can do more than just send some traditional Rakhi gift.
This year, you can give your sibling a gift that is as timeless as your bond – a Systematic Investment Plan (SIP) in their name. By starting an SIP for your sibling, you offer something that lasts far longer than chocolates – a future. Whether it’s for their education, dream home, or a safety net – this is a Rakhi gift that truly protects. It’s basically a growing safety net for their dreams, education, and future.
What other gift can compete that?
Why an SIP Makes the Perfect Rakhi Gift for NRIs?
1. Love that Compounds
Unlike traditional gifts, an SIP keeps growing month after month. Your love doesn’t just stay in the moment — it compounds over time.
2. A Bond That Stays Strong, Even from Miles Away
Whether you’re in London, New York, or Dubai, you can invest in India in minutes through SBNRI. No courier delays. No customs hassles.
3. Financial Protection for the Long Run
Rakhi is about protection. By starting an SIP, you’re ensuring your sibling’s future is safeguarded against uncertainties — with discipline and growth potential.
How an NRI Can Start an SIP in India for Their Sibling
- Choose the Right SIP — Based on their goals (education, marriage, wealth creation).
- Decide the Monthly Amount — Even a small start can grow big over years.
- Complete the Paperless KYC — SBNRI makes it simple for NRIs.
- Set Up Auto-Debit — So you never miss a contribution.
If you’re unsure which fund is right, here are our top picks.
| Fund Name | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | AUM (₹ Cr) | Minimum SIP Investment (₹) |
| Aditya Birla Sun Life Gold Fund | 41.81% | 22.62% | 11.10% | 0.52% | ₹663 | ₹100 |
| Parag Parikh Flexi Cap Fund | 10.42% | 20.50% | 22.91% | 1.28% | ₹1,10,392 | ₹1,000 |
| Nippon India Large Cap Fund | 3.94% | 19.67% | 24.57% | 1.51% | ₹43,829 | ₹100 |
Need help? Reach out to your Relationship Manager. They can help you pick one based on risk profile and goals.
Why Choose SBNRI for Your Rakhi SIP
- 100% Digital — No physical forms or bank visits.
- Curated Funds — Handpicked for NRIs.
- Expert Guidance — Dedicated Relationship Manager support.
- Multi-Currency Support — Invest from your overseas account.
Final Thought
Rakhi is about promises. And the most powerful promise you can make is the promise of security, opportunity, and growth.
This Raksha Bandhan, don’t just send sweets. Send a future to your siblings.
Download SB NRI and start investing now.
FAQs
1. Can NRIs start an SIP in India for their siblings?
Yes. NRIs can start an SIP in India for siblings or other family members using platforms like SBNRI that support NRI investments.
2. Why is an SIP a good Rakhi gift?
An SIP offers long-term financial growth, aligning with Raksha Bandhan’s spirit of protection and care. It’s a gift that compounds over time.
3. What is the minimum amount required to start an SIP?
It depends on the fund – some start at ₹100 per month, while others may require ₹1,000 or more.
4. Do I need to be in India to start an SIP?
No. NRIs can start and manage SIPs entirely online through NRI-compliant investment platforms.
5. Can I choose the mutual fund for my sibling’s SIP?
Yes. You can select a fund based on your sibling’s goals and risk profile, or get recommendations from SBNRI experts.
6. Are there any tax benefits for SIPs gifted to siblings?
While gifting to siblings may not have immediate tax deductions, the investments grow tax-efficiently based on the chosen fund.
7. How long should an SIP be continued for the best returns?
For maximum benefit, an SIP should ideally be continued for 5+ years to ride out market fluctuations and benefit from compounding.
