Greetings For The Day! 


Diwali Celebration is around the corner. Almost in every house, Diwali preparation is at its peak. Diwali is a festival of lights and prosperity, many days before people start cleaning their house, and decorating their house to welcome goddess Lakshmi in their house on this auspicious day of Diwali.

Well, Diwali, the five-day festival, starts with Dhanteras on the first day, Naraka Chaturdasi on the second day, Lakshmi Puja on the third day, Govardhan Puja on the fourth day, and Bhai Dooj on the fifth day.

Dhanteras, if we understand in simple words, then the day of shopping. People have a good long list of items and goods to buy on the day of Dhanteras. However today we are going to discuss some items that if an individual buys this Dhanteras, it will help him grow his wealth into a big corpus in long term.

Let us not wait and watch out for the thing you must buy this Dhanteras and enhance your wealth creation plan!


Gold & Silver……..

Buying metallic gold or silver on Dhanteras is an old tradition, which is followed conventionally in the present time. Well, financial advisors, do advise that along with metallic gold, people must buy physical gold digital gold also.

Wait! What is Physical And Digital Gold? Let us understand….

  • Sovereign Gold Bonds – These are government securities denominated in multiples of gram(s) of gold. They are one of the substitutes for investing in the physical form of gold. Investors can apply for the bond through SEBI authorized trading members and financial advisors of the National Stock Exchange of India Limited and other channels specified by RBI. Application forms will be provided by trading members, authorized agents and can also be downloaded from RBI's website.
  • Gold ETF’s – Gold ETFs are commodity funds that trade like stocks and have become a very popular form of investment. It invests primarily in physical gold with each unit typically representing 1gm of gold. For investing in gold ETFs, you need Demat and trading accounts.
  • Digital Golds – Apart from a gold-backed financial instrument like ETF’s, or physical gold from jewelers, there is now a third option for buying gold. There are two options to buy gold digitally 'Digital Gold', offered on the mobile wallet platform Paytm, and 'GoldRush' offered by the Stock Holding Corporation of India. Both are offered in association with MMTC - PAMP.


Invest to Save on Taxes….

Many of them invest haphazardly to save on taxes and if you do so, it is time you change that. Make investments for tax-saving purposes a part of your investment plan.

Well, if you invest in an ELSS mutual fund scheme, you can do both things at the same time that is tax saving and wealth creation. Do plan to buy or invest in the ELSS mutual fund scheme.


Buy Life/ Health Insurance Plan…….

All of us are aware that Insurance is for protection and hence one can invest in a good term insurance policy as it can act as an asset for you and your family.

While doing so, also be beware of those policies that combine both insurance and investment. These might do more harm than good in the long run. You need to make sure you have adequate risk cover by choosing life and health insurance. If you have a young family, floater health insurance is the ideal one.


Invest in SIP…….

Investors can invest in SIPs with a clear time-defined goal; the more time you give your equity, the better returns you earn with the power of compounding. SIP Calculator


Other Financial Investment……

Dhanteras is also considered as an auspicious day to plan and invest in other financial assets like bonds and fixed deposits that get appreciated with time.


You can contact your fund manager or can visit Ashutosh Securities Pvt. Ltd. for any further assistance in mutual fund investment. Keep reading our article and stay updated with the latest news about Mutual Funds!

For any kind of query, you can contact us at Shri Ashutosh Securities Pvt Ltd., we are here to help you in any way possible.


Happy Investing!


(Mutual Fund investments are subject to market risk Illustrations are for example only, there is no guarantee of returns. Past performance is not an indicator/guarantee to future returns).