Know where to invest on the occasion of Diwali for good returns
On Diwali, people also get bonuses from companies, which can be used to get good returns by investing in the right place. If you also want to take advantage of this opportunity and invest, then we will tell you in which things you can invest at this time.
Best options for investment on Diwali: Now only a few days are left for Diwali. On the occasion of Dhanteras and Diwali, people invest money in many places. There is a lot of investment in property, gold and silver etc. Actually, at this time people also get bonuses from companies, which can be used to get good returns by investing in the right place. If you also want to take advantage of this opportunity and invest, then we will tell you in which things you can invest at this time-
Also read: These mutual funds are best for investing on Dhanteras: Invest on Dhanteras
investment in gold and silver
On the occasion of Diwali, most people invest in gold and silver. Especially people buy gold jewelery and coins because investing in them has always been a profitable deal. But, if we look at the trend, the best option for investing in gold at this time could be Sovereign Gold Bond. Sovereign gold bonds can be held in a demat account like shares and can be sold whenever needed. At present, the price of silver has also seen a good rise in the market. Therefore, along with gold, you can also decide to invest in silver.
invest money in share market
At this time you can also get good returns by investing money in the share market. However, due to the high risk, people are a little afraid of investing money in the stock market. But, if you understand the market trend and invest in the right companies for a longer period of time, you can get huge benefits. At this time, you can easily invest money in shares of companies like Reliance, Vedanta, Varun Beverages, Bikaji.
mutualFund
Mutual funds are also being considered a very good option as an investment option on the occasion of Diwali. Many mutual funds have performed very well in the last few years. If you can wait for a little longer time then equity mutual funds can be a better option for wealth creation. There is also less risk in this because they do not focus on any one stock. The portfolio of one of their schemes includes stocks of many companies.
Fixed deposit is also a good option
If you want to make a risk-free investment, you can invest in FD in a bank or post office to earn fixed returns in a fixed period of time. On the occasion of Diwali, many banks are offering attractive interest rates on fixed deposits. Xi banks are also currently offering interest rates of 7.5 or more. If you are a senior citizen then fixed deposit can be the safest option for you. Many banks are even giving interest up to 9% to senior citizens.
You can also invest in any of these places on the occasion of Diwali.
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