Public Provident Fund to Fixed Deposit: Top 6 Investments on Dhanteras 2023 to Bring Home Prosperity

financialexpress.com:

One of the most important Hindu holidays, Dhanteras, is a day of prosperity and devotion. Now is a great time to start your financial journey and make the kind of investments that will lead to a prosperous future. Never forget to consider your time horizon, risk tolerance, and financial goals when making your decision.

1. Gold: For centuries, gold has been associated with prosperity and wealth. It is a customary option for Dhanteras, and making the investment can be a smart move. You have two options: either go with non-physical gold investments like Sovereign Gold Bonds and Gold Exchange-Traded Funds (ETFs) or choose physical gold like coins or jewellery. These investments come with the advantages of tradition in addition to the possibility of capital appreciation.

2. Equity Mutual Funds: These investment vehicles provide the chance for sustained capital growth. Whether you go for index funds, large-cap funds, or diversified equity funds, the stock market can be an effective tool for increasing wealth if you make informed investment decisions. Equity mutual funds can be a great option if you have a long time horizon and are prepared to withstand market fluctuations.

Also Read: 5 things to check before buying gold coins this Dhanteras

3. Fixed Deposits: These dependable options are available in banks and post offices for individuals seeking a secure and steady investment option. With a fixed interest rate, these investments offer security and can be a valuable addition to your portfolio. This Dhanteras, think about securing your investments with fixed deposits, particularly in light of the rising interest rates.

4. Public Provident Fund (PPF): Another great option for investing is the Public Provident Fund, a