Dhanteras, the first day of Diwali festival season, has been an auspicious day for buying precious metals such as gold, silver and investing money.
This year Dhanteras will be celebrated on Monday, 5 November 2018, a day before Naraka Chaturdashi (Choti Diwali).
On Dhanteras there would be no bank holiday while banks will be closed on 6 to 8 November, subject to the regional timetable of the respective bank branches.
As the fiesta is round the corner, many people have already planned what to buy on Dhanteras, where to invest on Dhanteras and some might have shortlisted a couple of investment options for Dhanteras.
Traditionally, gold has been the top most choice on Dhanteras, be it for investment or a simple purchase. Apart from gold and precious metals there are other asset classes and options available which you may consider for investment on Dhanteras.
Amid all of the euphoria with regard to Dhanteras investment and auspicious purchase on Dhanteras, we take a look at some investment options, other than gold for long-term.
Dhanteras: 3 money-making options, other than gold, for long-term investment
Mutual fund SIP: Beginning a mutual fund SIP (Systematic Investment Plan) is one of the best investment option for those who want to enjoy the stock market ride with lesser risk.
Not all the mutual funds are based on stock market investment, following which the risk and return associated with it varies from scheme to scheme. Taking a note of present market situation, many investors have been shying away from mutual fund investment too. According to several experts, investors should look for a long-term perspective if they are investing in mutual funds.
Sukanya Samriddhi Account: Thinking of a bright and independent future for your girl child is one of the best investing decisions as it lessen the burden of upcoming financial requirements. And what else could be more auspicious than planning your girl child’s future on Dhanteras.
Sukanya Samriddhi Account is a small deposit savings scheme which is designed in such a way that parents of girl child can start investing from the birth up till the girl attains 21 years of age. Some of the prime advantages of Sukanya Samriddhi Account include a 8.5 per cent interest rate and flexibility of quantum from Rs 250 to Rs 1.5 lakh.
Real estate: Both gold and properties are tangible assets and each of them has its own pros and cons. The benefits of these investment options may vary from person to person and from requirement to requirement. Some prefer gold while to others real estate or property investment suits better. The market value of gold and real estate asset depends on the respective market conditions.
For example, one may choose real estate over gold as an investment if you want to put your property on rental basis. This decision may fetch you periodic rentals and capital appreciation over long-term. But be very careful as properties are less liquid as compared to gold, which implies gold can be converted into cash faster as compared to real estate.