Investment in Gudi Padwa: Here’s how to use your money smartly
https://timesproperty.com/news/post/investment-in-gudi-padwa-blid1682
We as Indians are very fond of our festivals as they are the roots of our cultural heritage. So as we gear up for the next financial year after 31st March, we look forward to new festivals. The end of March sees the closing of balances and accounts in businesses and institutions across India. April arrives, and we prepare to restart our financial planning as we approach the start of the New Year according to the Samvat calendar. In India, there is a strong link between the auspiciousness of a celebration and financial management. In Maharashtra, Gudi Parva symbolizes the start of a new year and a new harvest season, while North India is busy with Chaitra Navratras. The time is regarded as auspicious for purchasing assets such as gold, launching a new business, or investing money in new portfolios.
1. Gold:
Shopping and celebration are two sides of the same coin, and purchasing gold on Gudi Padwa is thought to bring fortune and wealth.
During this event, Maharashtrians invest in various sorts of traditional gold jewellery.
Bangles such as ‘patlya,’ ‘bangdya,’ and ‘tode’ are purchased, like a choker or ‘chinchpet,’ a ‘tanmani’ or short necklace, ‘bajbands’ or amulets, and ‘nath’ or nose rings.
Gudi Padwa is the best’muhurat,’ or auspicious period, to buy gold because families quadruple their holdings, bringing abundance.
2. Mutual funds:
Most people invest their money in savings accounts and fixed deposits. While these options provide capital protection, the returns are not particularly large. Mutual funds may be a better option. They have the potential to give more significant returns than the current inflation rate, which in India often hovers around 4 to 5%
You can achieve your financial goals, such as purchasing a car or a home, or establishing a corpus for retirement, by consistently investing in mutual funds.
3. Real estate:
On the occasion of Gudi Padwa, Indians like to invest in real estate or purchase a home, particularly in Maharashtra. As a result, real estate developers in Pune, Mumbai, Aurangabad, Nagpur, and other parts of Maharashtra are seeing an increase in inquiries.
Let’s explore what else Gudi Padwa has in store for those hoping to buy a property.