Bengaluru couple hands gold ETFs as return gifts at wedding | Bengaluru News – Times of India

0
38

[google-translator]

BENGALURU: ‘Gift of the Magi’ reloaded? Or return gift redefined?
Call it what you will, but a Bangalore couple created quite a buzz in social circles by gifting 300 invitees at their wedding gold ETFs (exchange-traded funds) worth up to Rs 5,000 each as return gifts. The couple got married on Friday at Sheraton Grand Hotel in Rajajinagar.
An ETF is a fund that invests in multiple financial assets and can be traded on the stock exchange just like any other stock. It holds assets such as stocks, bonds, currencies or even commodities. One unit of a gold ETF is equal to one gram of physical gold.
At their wedding ceremony, the couple handed over ETFs worth between Rs 3,000 and Rs 5,000 to each of the 300 guests. The ETFs come with barcodes that need to be scanned in order to claim their value through a functional demat account.
Yashas Khoday, 30, and Ambica Ladwa, 23, who met during a get-together of family friends, told TOI that it was love at first sight. “She was studying UI/UX designing and I found that our interests matched. We fell in love and are now married,” said Khoday, who, along with his brother, runs a fintech company called Fyers, where customers are offered a platform that helps them gift financial commodities to their loved ones.
“We even created links for those who were not able to attend the wedding, so that they can claim their gifts,” Khoday said, adding that theirs was anything but a ‘big fat wedding’ as both he and his wife believed in a minimalist ceremony. Once, over a dinner table conversation, while the couple and their respective families were discussing the finer details of the wedding, Khoday’s brother suggested that they use their own business platform to hand out gold ETFs as return gifts to the wedding guests.
“Initially, the elders laughed at the idea. Later, what had started off as a discussion on ‘what if we did’, turned into a question of ‘why don’t we’,” he said.

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here