Skip gold this Akshaya Tritiya; consider THESE 5 alternative investment options, say experts

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Akshaya Tritiya 2024: Investing in gold has long been a tradition for investors seeking stability and security in their portfolios. However, there are alternative avenues that offer similar benefits with unique advantages. Diversifying investment portfolios with these alternative instruments alongside or instead of gold can enhance risk-adjusted returns and align with specific investment objectives and preferences.

Government bonds, particularly those issued by stable economies, offer a safe haven for investors seeking fixed-income securities. “Treasury bonds, for instance, provide guaranteed returns and serve as a hedge against inflation and market volatility," said Dr Ravi Singh, SVP — Retail Research, Religare Broking Ltd.

Akshaya Tritiya is also considered an auspicious time for investing in the stock market. Many believe that investments made on this day bring good luck and prosperity. It's seen as an auspicious time to start new ventures, including stock investments.

Index funds are a type of mutual fund or exchange-traded fund (ETF) that tracks a specific market index. These funds aim to replicate the index performance they track by holding the same stocks or securities in similar proportions.

“Index funds with very low management fees can offer diversification because they simply track a specific market index. Through the time index funds have been around, they have delivered good returns," said Ashish Aggarwal, Director, Acube Ventures

“Gold is a globally recognised commodity, but diversifying into other assets like oil or agricultural products may provide additional benefits. However, the potential for fluctuations makes it essential for us to conduct thorough research," said Ashish Aggarwal, Director of Acube