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Where to invest money on Diwali? Know 4 best investment options for big savings

Highlights

Sovereign Gold Bond (SGB) is a good option to invest in gold.
Now is the right time to invest in equity market for long term.
Invest in debt funds and FDs for safe and balanced returns.

New Delhi. The festival of Diwali is a symbol of light, prosperity and happiness. On this auspicious occasion, people like to start every good work, as well as like to invest. Most of the people invest in gold, property and other financial products on Diwali and Dhanteras. If you are also planning such a plan, then there are some such investment options which will give better returns in future.

These investment options include gold-silver, equity market, debt funds and FDs. Although people have already been investing in gold and silver, but now the way of investing in them has changed, because now these precious metals can be invested through ETFs even without buying them.

New way of investing in gold and silver
People often like to invest in gold and silver during Diwali. Investing in gold for the long term can prove to be a profitable deal amidst rising inflation and the ongoing volatility in crude oil prices. However, it is important to choose the right instrument to invest in gold. Sovereign Gold Bond (SGB) can be the best option for investing in gold.

Also read- New option to invest in gold and silver, invest in gold and silver together through this scheme

SGB ​​can be held in a DMAT account like shares and can be sold anytime as and when required. At the same time, silver along with gold is also a good investment option. However, now one can invest in gold and silver together. Since silver prices do not move like gold prices and hence fund houses have started offering investments by combining both the metals in a single scheme.

investment in equity market
The equity market has seen a lot of volatility in the past few months due to weak global cues. However, India’s markets have fallen less than other stock markets of the world. Expressing confidence in the Indian economy, the International Monetary Fund said that despite all the challenges, it will grow at the rate of 6.8%.

In such a situation, the equity market can give tremendous returns from a long-term investment perspective. The Indian stock market has given an annual return of around 12% during the last 10 years, while the average annual return in gold is around 5 per cent.

debt mutual fund
Debt funds can provide the right balance between risk and returns of your investment portfolio. Debt funds can be a good option if you are planning to invest for a fixed tenure for stable returns. Also, if you are nearing retirement, you can opt for debt funds for a less risky option.

Also read- What is Debt Linked Savings Scheme? Know the benefits of investing according to today’s need

If you have received a lump sum amount as bonus during Diwali and are not sure where to invest the money, then debt funds can prove to be a good option for you.

Invest in risk free fixed deposits
If you want to invest risk free then you can invest in bank FDs to earn assured returns. Many banks are offering attractive interest rates on fixed deposits during the festival. You can find out the interest rate on FDs in smaller banks to earn a little extra interest rate as compared to big banks.

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