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

Apart from gold, see the beneath alternate concern options this Akshaya Tritiya 2024:

1)Government Bonds

Government bonds, peculiarly those issued by unchangeable economies, connection a harmless haven for investors seeking fixed-income securities. “Treasury bonds, for instance, supply guaranteed returns and service arsenic a hedge against ostentation and marketplace volatility," said Dr Ravi Singh, SVP - Retail Research, Religare Broking Ltd.

Also Read: Why Akshaya Tritiya is the cleanable clip to put successful gold; caller returns talk for themselves — explained

2)Stock market

Akshaya Tritiya is besides considered an auspicious clip for investing successful the stock market. Many judge that investments made connected this time bring bully luck and prosperity. It's seen arsenic an auspicious clip to commencement caller ventures, including banal investments.

3)Index Funds

Index funds are a benignant of mutual fund oregon exchange-traded money (ETF) that tracks a circumstantial marketplace index. These funds purpose to replicate the scale show they way by holding the aforesaid stocks oregon securities successful akin proportions.

“Index funds with precise debased absorption fees tin connection diversification due to the fact that they simply way a circumstantial marketplace index. Through the clip scale funds person been around, they person delivered bully returns," said Ashish Aggarwal, Director, Acube Ventures

4)Commodities

“Gold is simply a globally recognised commodity, but diversifying into different assets similar lipid oregon cultivation products whitethorn supply further benefits. However, the imaginable for fluctuations makes it indispensable for america to behaviour thorough research," said Ashish Aggarwal, Director of Acube Ventures.

Also Read | Akshaya Tritiya 2024: 5 things to bargain connected this auspicious day

5) Real estate

LC Mittal, Director of Motia Group, suggests that golden whitethorn not beryllium the champion prime for those seeking maturation opportunities, but existent property could beryllium enticing. Real property offers respective advantages implicit gold, starting with its tangibility, providing regular rental income and undergoing appreciation. It besides serves arsenic a hedge against inflation, arsenic spot prices thin to emergence with inflation, and rents tin beryllium adjusted accordingly. Additionally, existent property diversifies portfolios, providing independency from banal and treasury enslaved movements. Real property tin beryllium a coagulated concern enactment with a beardown semipermanent grounds of appreciation, driven by factors similar colonisation maturation and constricted onshore availability. However, due enactment is crucial, considering location, spot type, and marketplace trends. Seeking guidance from a nonrecreational advisor tin assistance investors navigate assorted investing strategies and methods effectively.

Disclaimer: The views and recommendations made supra are those of idiosyncratic analysts and not of Mint. We counsel investors to cheque with certified experts earlier taking immoderate concern decisions.

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Published: 10 May 2024, 06:17 AM IST