Open a fixed deposit

One of the best and safe option for investment is to invest in bank fixed deposit. You can avail tax benefit if you choose to invest in 5-year tax saving instrument offered by banks.

Click here to know ways to avoid TDS on fixed deposits

Open PPF account

This is one of the best avenue to invest, amount can be used at the time of retirement at the same time you can save tax on amount deposited.

Systematic Investment Plan (SIP) in mutual funds

Start a SIP on her behalf, In a long rung MF will take care of volatility and gives better returns whenc compared to other investment options. However, MF are subject to market risk.

Invest in Gold

This is most attractive option, gold is considered as hedge against inflation and can be used at the time of uncertainty. There are so many option here, you can opt for gold coin, gold funds and jewellery.

Gift cards

Most of the banks are offering this services, you can buy a gift card with gift amount in it. So that she buys according to her wish.