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Oct-23-2019
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5 Investment Subharambh Strategies to Make Money This Diwali



It’s that time of the year when the aroma of sweets wafts in the air, firecrackers light up the sky, and you revel in the holiday mood. You pray to Goddess Lakshmi to shower you with wealth, prosperity and good fortune. This Diwali, how about taking wise financial decisions so that you don’t have to stress out Goddess Lakshmi much?

Here is your handy guide to Diwali investment strategies to make new financial beginnings:

1.    Set Your Investment Goals
Determine what you need money for - new house, new car, children’s higher education and marriage, care of elderly parents, retirement, etc. This will help you to chart milestones in your financial planning and invest accordingly. You can even seek guidance from an investment service advisor to set your financial goals.

2.    Start with Little Money – Small is Big
You don’t need a hefty sum to make an investment. You could invest as little as Rs500 every month in bank recurring deposits or through Systematic Investment Systematic Plan (SIP) in mutual funds. Having said so, if you want to invest lump sum money, there is no dearth of investment options either.

3.    Keep a Long-Term Investment Horizon
Give your money some time to grow instead of expecting quick returns. Stay invested for at least 5-7 years or 10 years to build a significant corpus. A long-term horizon gives your investment an opportunity to accumulate wealth.

4.    Stay Disciplined
In order to meet all your financial goals and reap maximum returns, nothing works better than a disciplined investment approach. Every month when you get your salary/income, save first and then spend. Also, keep emergency cash kitty separately for unexpected expenses and don’t touch it unless the situation demands. These little investment habits will keep you disciplined.

5.    Diversify Your Portfolio
You must have heard of the financial mantra ‘don’t keep all your eggs in one basket’. Your investment portfolio should be a mix of debt and equity instruments for better risk-return trade-off. This Diwali, you should consider the following investment options:

  •    Bank Fixed Deposit / Public Provident Fund (PPF)
If your risk appetite is low and safety is a paramount factor, then investment in a bank FD and/or PPF is an ideal option. However, do note that tax-saving FDs and PPF have a lock-in period of 5 and 15 years respectively.

  •    Gold
Buying gold is an age-old Diwali tradition. You can buy coins, bars or jewellery of the highest purity. These days, gold ETFs (Exchange Traded Funds), gold bonds and e-gold accounts are also gaining popularity among investors who like to trade in precious metals and enjoy the benefits of returns, flexibility and liquidity rather than storing the physical gold in the locker which doesn’t yield any returns unless sold.

  •     Equities
Direct equities are known to yield higher returns in the long-term than any other investment instrument. All you need is to increase your risk-tolerance appetite and familiarize yourself with stock market operations in case you are a beginner. You can also approach an online investment broker to help you with equity investments in accordance with your investment goals. NSE and BSE hold a special ‘muhurat trading’ window on Diwali – why not kick start your equity investment from that day!

  •     Mutual Funds
When you have a small capital outlay and want to spread your risk across different asset classes, mutual funds can work in your favour. You can either invest a lump sum amount or smaller denomination every month/quarter through SIP. Moreover, mutual funds are professionally managed by the fund houses, thereby saving you from the hassle of research and daily monitoring. A mutual fund advisor can help you choose the right mutual funds.

  •    Sukanya Samriddhi Account
Literally translated as Girl Child Prosperity Account, you must definitely consider investing here if you have a daughter below the age of 10. You can open this account with your nearest post office or designated banks. The account has tenure of 21 years or until the girl child marries after 18 years of age. Could there be a better Diwali gift than a secure future to the little Lakshmi in your house?

The above-mentioned investment strategies will begin your Diwali celebrations on an auspicious note!


Blog by – Dhruv Ajmera


Also read: Investing Lessons To Learn This Diwali!
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