Dhanteras is considered as auspicious to buy gold and other things which is expected to generate good returns over time. Most of the individuals are stuck with buying gold where as other investments can give better returns over time.
So, this time why not consider investing in other investments. Here are some best investments which can be considered to replace gold:
Investors can consider investing mutual funds based on the risk and returns. There are different types of mutual funds such as equity mutual funds, debt funds, Balanced funds etc.
Investors looking for high returns and ready to bear risk can consider investing equity mutual funds. Risk-averse individuals can consider debt funds.
Individuals looking for tax saving along with investments can consider Tax saving mutual funds.
Systematic Investment Plan (SIP)s are one of the best ways to build a corpus over time. Investing through SIP will allow you to buy units on a particular date each month, which will help in saving each month.
The biggest advantage of SIP is that one need not time the market and it will protect from volatility. Investors can either systematically invest small sums of money directly into stocks or prefer to do it through mutual funds.
Stocks, when considered for the long term, can give you good returns when compared to other investment options. No doubt, investment in stock is a risky bet but when you own the right stocks you will definitely reap the benefits.
Some of the religious investors buy stocks during Muhurat Trading held on Diwali trading. Stocks such as GIC Housing, Aarti Industries can be bought. Read more
Individuals who are sitting on cash and eligible for loan consider investing in real estates such as Flat, Land, or agricultural land etc.
Investing in the flat will generate you rent income, you can let out your land for parking space. Like other investments, real estate also has its own ups and downs but has given decent returns in long run.
Investors can consider investing in commodities such as metals and grains. Investors with better knowledge in futures and options can consider investing commodity market.
Government from time to time launches Sovereign Gold Bond schemes which will be available on the exchanges. Investors who are interested in buying gold this Dhanteras can consider investing SGBs.
Minimum investment in gold bonds will be one gram with a maximum buying limit of 500 grams per person in a year. Individuals will hold bonds in digital form and can enjoy the liquidity when the bonds get listed on BSE and NSE.
People who are still interested in investing gold can consider different options such as Golf ETF, Golf Futures, Gold Monetisation scheme etc. This Dhanteras do not stick to the old method of purchasing gold and try unique ways of investing in gold.