Want to invest using your Diwali bonus? FDs, equities, or mutual funds, which is better
- Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, “It makes sense to invest in fixed income assets like FDs during a rising interest rate environment like now. But ideally, the Diwali bonus may be used to buy high-quality stocks or for investing in mutual funds.”
Some companies usually pay a bonus to their employees during the Diwali festival. While the 5-days auspicious festival is just around the corner, the dazzle of Diwali has already commenced in many regions of India. Diwali is seen as a good or some would like to refer to the festival as a lucky occasion to invest for reaping fruitful gains in the future. That being said, if you are planning to invest using your Diwali bonuses, it is important to understand which is the best option to park your hard-earned money. Diwali will begin from October 22 and will continue till October 26. Markets will conduct a one hour Muhurat trading on October 24 due to Lakhsmi Pujan.
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