“Let the divine light of Diwali bring zing to your portfolio.”

Between the health risks of coronavirus, the economic stress of recession, social distances, our lives have changed drastically.

The current environment is completely different we all agree; however, we always hope that this auspicious occasion would bring joy and prosperity because Diwali is one such festival that is recognized all over India. Diwali, which usually falls around October or November marks the beginning of financial eminence. Diwali is said to be the best muhurat to make investments in stocks. In fact, Indices have always shown a tremendous movement in just 10 months after every Diwali, thus making the life of an investor more grandeur.

Now let us understand that why is this the best time to be the beneficiary of Diwali Stocks?

1. Shubh muhurat: Pre Diwali, natural state of mind of the people generally remains uplifted in hopes of optimism and celebration, whatever the personal disposition of a person be whether good or bad. So, the investor sentiment generally tends to be positive at varying degrees during the festive season.

‍

2. Tendency to spend: Due to the notion that Diwali brings peace, growth and prosperity the tendency to spend on jewelry, investment products and other various durable goods increases. During festive season consumer buying splurge on gifts, and gadgets, among alternative things which facilitate a lift in consumer mood that has a positive impact on the economy.

‍

3. Surge in annual sales of durables: there are certain stocks that perform better as people tend to spend more, owing to the sales and discounts prevalent in the retail space, and thus it pushes the sales of the companies up. Some examples of the stocks that usually perform well belong to the automobile, FMCG, energy and jewelry industry.

‍

Capital Requirement: INR 50,000

Holding Period: 6-12 months

Monthly Update: Yes

‍