Investment Ideas For This Gudi Padwa

Women should actively explore the following options in place of traditional ones, 

- Do not hold huge balances in your savings account. Consider shifting some of them to higher yielding options such as liquid funds, which allow you to take your money out any time.

Go for debt mutual funds to supplement FDs. The former provides better tax treatment, go for SIPs in a bouquet of mutual funds instead of the traditional recurring deposit. SIPs in a good mix of equity and debt funds have delivered far higher than RDs in the past.

- Go for gold ETFs if you wish to invest in gold. 

- Look beyond traditional options such as PPF and NSC to save tax. Use smart wealth building and tax-saving options such as tax-saving mutual funds (ELSS) which also come with shorter lock-in of three years.

- If you are mobile or internet savvy, consider using a good online platform that will allow you to consolidate your family's investments in one place and allow you to make all your investments and track and monitor them from a single platform. This way, you will not only save time but have a ready record of your investments and your family's.

-When you buy a stock, you buy a portion of a company. This is a financially healthy institution that makes profits, and shares part of it to you as an investor. When you buy a share, you are indirectly benefiting the company. Its prosperity, eventually, adds to the economic growth of the country. This has a trickle-down effect and improves overall quality of life. It is a win-win for you as an investor.