The festival of Gudi Padwa holds a special place for Indians especially Maharashtrians and Konkanis. It marks the first day of the Chaitra month in the Hindu calendar, which means that it is the start of the Hindu new year. It also marks the start of the spring season in India.
Gudi Padwa is known by many names, such as Ugadi or Yugadi, where ‘Yuga’ translates to age and ‘adi’ means the start. Majorly, this festival is celebrated in the states of Andhra Pradesh, Maharashtra, Karnataka and Telangana. Similar celebration for the Hindu New Year are celebrated as Baisakhi in North India and Naba Barsha in Eastern India.
Gold has always been an important part of most Hindu festivals, with India consistently topping the list of countries in terms of the purchase of gold. On Gudi Padwa, it is considered auspicious to purchase or invest in gold, since this precious metal is associated with purity and prosperity. Hindu mythology states that the purchase of gold leads to good luck for the family all through the year.
So, to mark the auspicious occasion of Gudi Padwa, women usually buy gold ornaments, either for themselves or for gifting purposes. Buying gold could be a good investment decision as the value has grown over the years in the longer run.
As Indians, we all have gold in the form of jewellery that languishes in bank lockers and home safes because there is a constant fear of gold being stolen.
However, investing in physical gold is not the only option you have today. In fact, there are many other options to invest in gold smartly.
A modern way of investing smartly in “Gold” as an asset class is the mutual fund way.
It is a Fund of Fund scheme investing in Nippon India ETF Gold BeES, which in turn invests in physical gold. The Scheme seeks to provide returns that closely correspond to returns provided by Nippon India ETF Gold BeES. Investment can be made of lumpsum amount or through Systematic Investment Plan.
The Investors will be bearing the recurring expenses of the scheme, in addition to the expenses of underlying scheme i.e Nippon India ETF Gold BeES.
This would also help to diversify your investment portfolio effectively and no hassles of storing physical gold.
Thus, this Gudi Padwa, aim to bring good fortune into the family by making smart investments. Please read the Scheme Information Document of Nippon India Gold Savings Fund for complete details.
This product is suitable for investors who are seeking*
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
This product is suitable for investors who are seeking*
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
The information herein is meant only for general reading purposes and the views being expressed only constitute opinions and therefore cannot be considered as guidelines, recommendations or as a professional guide for the readers. Before making any investments, the readers are advised to seek independent professional advice, verify the contents in order to arrive at an informed investment decision. None of the Sponsor, the Investment Manager, the Trustee, their respective directors, employees, affiliates or representatives shall be liable in any way for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including on account of lost profits arising from the information contained in this material.
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