Investing applications have become increasingly popular in recent years, and for good reason: with just a few taps on their phone, almost anyone can gain access to the stock market.
The majority of Indians regard festivals as favourable times to invest in gold and other assets. While gold is often regarded as the safest asset class, it does come with its own set of risks. To begin with, storing actual gold might be a difficult undertaking.
Second, the amount of money needed to invest in gold is rather substantial. Furthermore, due to the lack of capital growth in gold, the return on investment is rather low.
Gold investors, on the other hand, would argue that one of the most important characteristics of gold is its capacity to act as an inflation hedge. In India, the younger generation is gradually beginning to diversify their financial portfolios beyond gold.
The message of the Fintech platform is ‘Ek Nayi Shuruaat Shagun Ke Shares Ke Saath,’ which means the campaign encourages new-age investors to begin their investment adventure during the festival season. Stock market investments, which are long-term holdings that yield positive returns, are regarded as a sign of good fortune.
In keeping with stock market tradition, the corporation is also educating new investors about a one-hour Muhurat Trading session. Between 6:15 and 7:15 p.m. on Diwali Day, November 4, 2021, investors and traders can buy shares as shogun. On Diwali, stock exchanges open for an hour as part of a symbolic tradition known as Muhurat Trading.
Muhurat Trading on Diwali, which marks the start of the Hindu New Year, is thought to bring wealth and success throughout the year. Ashok Leyland, Ramkrishna Forgings, HDFC Bank, Federal Bank, Stovekraft, and Lemon Tree Hotel are among Angel One’s top Muhurat Trading selections.
People worship Goddess Lakshmi during Diwali, according to Prabhakar Tiwari, Chief Growth Officer at Angel One Ltd. Lakshmi is the divinity of fortune and wealth. As a result, they believe that Diwali is the ideal time to start long-term investing.
With its innovative campaigns, Angel One is paving the way for the future of smart investing. With a startup mindset, the Fintech platform is offering a full range of services to its clients, along with a rule-based investment engine, a knowledge house, and a fun-learning-based investor education platform integrated Smart Money, which caters to everyone from first-time investors to investors and traders.
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