5 Best things you can buy this Akshaya Tritiya The auspicious day of Akshaya Tritiya needs no introduction. From time immemorial the day of Akshaya Tritya is considered to be one of the most auspicious days to bring good luck and great success. Any deed done on this day including any act of charity, purchase of gold or other assets shower their benefits multifold. The growing commercialization of festivals in India means that there are festive discounts galore. Sometimes with so many discounts, it gets difficult to select the right purchase plan that offers value and merit a good purchase. Here are some of the best things you can buy for yourself and your loved ones this Akshaya Tritiya.
Buy Gold: Indians love gold period and they just need an added incentive to purchase the precious metal. What’s better than a religious an auspicious day to indulge in some gold purchase? While jewelers across India have made Akshaya Tritiya into more of a marketing gimmick, there is still a case of buying physical gold of gold jewelry in case you need it for personal use. Rather than looking at the gold purchase as an investment, it is a good idea to look at it as a reward for yourself or your family. For example, in case you want to buy gold for your daughter’s wedding, Akshaya Tritiya is a good day to make your purchase. With gold prices lying low in recent times, it is also not a bad idea to make use of the lucrative price and send some money on buying a gold ring or gold pendant for the women you adore. After all nothing expresses love like a surprise gold ring, isn’t it?
Invest in Gold Funds and ETFs: Investing in physical gold is not everyone’s cup of tea. Apart from retail therapy, purchasing physical gold requires storage woes and purity checks. In case you are a serious investor and do not want to indulge in buying physical gold, there is a case for investing in Gold through Gold funds and Gold ETFS. The biggest advantage of gold savings funds is the option of investing in gold using a systematic investment plan (SIP). Although Gold savings funds invest in gold exchange traded funds and have higher charges compared to other gold investment products, they do not have any prerequisites of a demat account. So anyone can invest in Gold savings funds including those without a demat account. Exchange Traded Funds (GETFs) on the other hand require a demat account but investment in the precious metal is done with minimal charges as low as Rs 0.60 per unit per month which also acts as the maintenance cost for the demat account.
Buying a child plan: If you thought Akshaya Tritiya was about investing only in Gold, think again. According to religious scriptures, any venture initiated on Akshaya Tritiya brings prosperity and what can be more beautiful for a parent to see their children education plans flourish. There are various child education plans that one can consider while seeking to plan the educational expenses of the children but the sooner on starts the better it is. For example if you invest a minimum amount of Rs 10,000 per month with a return of 12% per annum, you can have a financial corpus of Rs 99.91 Lakh after 20 years. But in case you delay your child’s education plan just say five years the corpus drops significantly to Rs 50.46 Lakhs after the same tenure. So gift your child the freedom of a large financial corpus starting this Akshaya Tritiya.
Make use of Discounts Galore: Done with investments and still have some extra funds in hand? Akshya Tritiya offers you a great opportunity to indulge in some shopping especially for electronics and home appliances. Over the years manufacturers have been offering hefty discounts in the day to lure prospective buyers. Akshaya Tritiya can be your window to make a steal deal with the additional cosmic blessing on the auspicious day.
Invest in your Dream Home: Most people look for an auspicious time to enter their homes but not many look at a lucky period to start investing for their dream home. In case you are seeking a home loan or investing to raise money for your property purchase, what can be a better day than Akshaya Tritiya? You can consider paying down payment for your home loan or initiate your loan application process on the day making it an auspicious start to your dream home. Every religious and auspicious day brings with it’s a quantum of positive energy and a lesson for us to adopt in our lives. Akshaya Tritiya signifies that any action done with a positive intent and at the right time is likely to offer multiple benefits just like investing in the right financial instrument in the right time. Source: CommonFloor.com For Latest Updates on Real Estate Updates, Property News and Cities Infrastructure Developments Visit: http://www.commonfloor.com/guide
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