The festival of Diwali is a symbol of new beginnings and prosperity in India. Bonds have become a great option for investment on Diwali this year. Let’s know why Diwali Bond Investment is the smartest choice in 2024.
The importance of investing in good times
Diwali bond investment is particularly beneficial this year as the market conditions are favorable. It is believed that investing during Muhurat trading keeps the grace of Lakshmi alive. By investing in bonds on this auspicious occasion, you can give a new direction to your financial journey. In today’s time, when the stock market keeps fluctuating, bonds have emerged as a stable option. Gold prices are also seeing volatility, so investing in bonds may be a more prudent decision.
Favorable market conditions
At present, interest rates are in a position that is perfect for bond investments. The steps taken by the Reserve Bank of India to control inflation have made bond investments even more attractive. Investing in government bonds can give you an assured return of 7 to 8 percent. The government has launched several new bonds for infrastructure development. These include National Highways Authority of India (NHAI) bonds, railway bonds, and smart city bonds. By investing in these bonds, you can also contribute to the development of the country.
Read Also: Diwali and Kartik month: Know their significance and how they are related
Tax benefits and safe investment
Investing in bonds in Diwali 2024 can give you a variety of tax benefits. The interest earned on investing in tax-free bonds is completely tax-free. Investments in government bonds are eligible for tax deductions of up to Rs 1.5 lakh under Section 80C of the Income Tax Act. Investments in infrastructure bonds are eligible for an additional tax deduction of up to Rs 20,000 under Section 80CCF. That is, you can safely increase your money while saving tax. Investing in corporate bonds can give you higher returns, but they also carry some risk.
Modern investment options
Online platforms have made investing in bonds much easier. On Tap Invest, you can invest in a variety of bonds. One can easily invest in bonds of companies like Hela Infra, BluSmart, and Moneyview. On these platforms, you can start investing even with a small amount.
The growing popularity of green bonds and the growing awareness of the environment have made green bonds an attractive option. These bonds invest in solar, wind, and other renewable energy projects. By investing in them, you can get good returns as well as contribute to environmental protection.
If you are investing in bonds for the first time, start with government bonds. The risk is negligible, and returns are assured. After gaining experience, you can also invest in corporate bonds. Be sure to check your credit rating before investing. Bonds with AAA ratings are considered to be the safest. Also, keep in mind the duration, interest rate, and liquidity of the bond.
The facility of digital platforms
In today’s digital era, it has become very easy to buy and sell bonds. You can invest in bonds anytime, anywhere, right from your smartphone. With the help of a Demat account, bonds can be kept in electronic form, which also maintains their security. On many platforms, you get complete information related to the bond. You can view the bond’s past performance, current price, and future projections. This will help you make the right investment decision.
Latest News Supreme News Network Business News Cultural News
#DiwaliInvestments #BondInvestment #FinancialPlanning #WealthCreation #InvestmentTips #AuspiciousInvesting #Diwali2024 #SmartInvesting #SavingsPlan #DiwaliFinance
