Mother's Day Special Financial Guides for Mothers

May-03-2021Blog by – Mr. Keval Lakhani (Chartered Accountant - Research)Read Time: 2 Min.Word Count: 504
194Mother's Day Special Financial Guides for Mothers

The two words that hit our minds when we think of the Alphabet “M” are Mother& Money. Today we are trying to increase awareness about money, for the pillars of our homes i.e. Mothers.  Becoming a mother is perhaps the most joyous moment in woman’s life, but in that they forget other important aspects, one of them being finances.  

Financial planning must be resorted to before they embrace motherhood. Perhaps well in advance before they embrace it. One should start building a corpus at least 1 year in advance and invest the same accordingly. One can choose to invest in instruments which offer a steady mix of capital conservatism and growth. This corpus should be kept in mind to at least cover health policy and maternity expenses.

While, child care expenses are a shared responsibility between parents, one can start earmarking some funds each month and invest the same in order to meet those expenses. While, a lot of expenses cannot be correctly estimated as of Day 1 and there is a possibility of shortfall, it is a wise to create a cushion to the level it is practical and feasible. 

One must also plan for a sabbatical in case due to health or any other factor one is unable to continue their job or profession. Keeping this in mind, one should try to create at least a 2 years contingent cover. While, this is easier said than done, one should try to act on it as far as possible. One should simply not earmark a sum for expenses, because that money will not grow unless it is invested wisely. Investments will play a very critical role in supporting financially when there is down turn. Also, special mention to single mothers. Being a single parent is extremely challenging. In such situations it is important have grip on your finances. They should link their goals to their cash flow.

In general, the Indian mother is now also a part of the corporate work culture in many instances. Their ability to understand finances is much better as compared to a decade ago. However, there are still many such instances where they have a level of faith or dependence on others when it comes to finances. It is very crucial to be aware of their rights, finances, investments, nominations, etc. Having a view on their finances is crucial. There should not be moments where they are completely left blank about matters pertaining to their finances. 

The cult of financial savings in India is growing and along with it is the awareness about the same in home maker’s as well. Home makers too need to be aware of their finances; they can definitely take active measures to upgrade their financial knowledge. Investment in knowledge shall not go in waste as it will keep them updated with various scenarios which could even help them start a business, use their talent to seek a job, to participate in family finances and to be able to handle any financial accidents.

Also Read: How are women better than men in trading?

Rate & Review:GoodOkNot Good

Leave Your Comments

Your Comments
No comments found

Open Demat Account


Escalation Matrix

Details of Contact Person Address Contact No. Email Id Working Hours
Client Servicing / Customer care Suresh Munge 63-67, Ajmera House,
4th Floor, Off K.H.Ajmera Chowk,
Pathakwadi, Mumbai – 400 002.
022-40628913 10:00 am to 6:00 pm
Head of Client Servicing Mr. Dhanesh Bendre's 63-67, Ajmera House,
4th Floor, Off K.H.Ajmera Chowk,
Pathakwadi, Mumbai – 400 002.
022-40628915 10:00 am to 6:00 pm
Compliance Officer Ashish Ajmera 63-67, Ajmera House,
4th Floor, Off K.H.Ajmera Chowk,
Pathakwadi, Mumbai – 400 002.
022-40628888 10:00 am to 6:00 pm
CEO / Whole Time Director Ashish Ajmera 63-67, Ajmera House,
4th Floor, Off K.H.Ajmera Chowk,
Pathakwadi, Mumbai – 400 002.
022-40628888 10:00 am to 6:00 pm

In absence of response/ complaint not addressed to your satisfaction, you may lodge a complaint with CDSL at or SEBI at Please quote your Complaint Ref No. while raising your complaint at SEBI SCORES/ Depository portal.

Group Companies Members of BSE, NSE, MCX, MSEIL, CDSL, Broking Services, Depository Services
BSE Clearing No.: 911 | NSE Clearing No.: 11858 | MCX Clearing No.: 10665 | MSEIL Clearing No.: 11400 | CDSL DP ID: 30300 | SEBI Regn. No.: IN-DP-715-2022 | SEBI Reg No.: INZ000177531 (Cash/F&O/CDs/MCX)

Attention Investors
1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.
2. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.
3. Pay 20% upfront margin of the transaction value to trade in cash market segment.
4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 and BSE vide notice no. 20200731-7 dated July 31, 2020 and 20200831-45 dated August 31, 2020 dated August 31, 2020 and other guidelines issued from time to time in this regard
5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.
.......... Issued in the interest of Investors

© Copyright 2022 Ajmera Associates Ltd
Designed, Developed & Content Powered by  Accord Fintech Pvt. Ltd.