Best Secret Santa Gifts on Christmas 2022: Christmas, a celebration of love and joy and peace, has been about the spirit of giving without expecting anything in return. Though financial gifts are often not on the list, they go a long way in securing the future of loved ones and hence make for an ideal gift.

Secret Santa Financial Gift Ideas, Christmas 2022

1. Health insurance  

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Insurance is an excellent way to protect family, assets and property. With health care costs skyrocketing, gifting a health insurance will not only safeguard the beneficiary but also offer tax benefits that further add to savings. Buying insurance is also the best way to manage risks, secure the future and encourage savings. Above all, it gives peace of mind to. 

"Insurance is a way of managing risks. The life and property of an individual are surrounded by the risk of death, disability or destruction. These risks may result in financial losses. Insurance is the best way to transfer such risks," Jyoti Bhandari, founder and CEO, Lovak Capital, said.

2. Fixed deposit

A fixed deposit is also called a term deposit. Fixed deposit is one of the safest investments. This is one of the best financial gift ideas for contingency benefits and short-term financial goals. FDs also offer a higher rate of interest than savings accounts. The only drawback is that it does not beat inflation and does not grow your money at a promising rate. 

3. Mutual fund

The children's gift funds are a type of mutual fund scheme. These funds are positioned at funding various life events of children such as higher education and marriage. Children's gift funds are classified under hybrid or balanced mutual funds. Also read- Christmas gift ideas 2022 for kids they would love to receive

"SIP is the best method of investment each month as money gets partially invested instead of a lump sum amount to the chosen mutual fund scheme. This will be a great financial gift for kids," Jyoti said.

4. Gold ETFs

Gifting Gold is regarded as the highest form of gifting in our country, highlighting the value of an individual and the purity of intent. This Christmas, instead of gifting physical gold (bars, coins, jewelry) to children or spouses, consider gifting gold in the form of a Sovereign Gold Bond, Gold ETFs, and a Gold saving fund. Also read,  Secret Santa Gift Ideas 2022: Your guide to play traditional Christmas game | List of affordable gifts, Santa Claus gifts

5. Stocks of a company

The gift of company stock can be more fun than it sounds. Giving the gift of stock can also provide benefits for the giver, particularly if the stock has been appreciated since the giver can avoid paying taxes on those earnings or gains. A systematic Investment Plan is the best method of investment each month as your money gets partially invested instead of a lump sum amount to the chosen stock of a company.

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