It's time again for the Festival of Lights -- Diwali -- and we as Indians love to celebrate it. Whether it is shopping for new clothes, jewellery, sweets or decoration of homes the festival brings with it excitement and loads of enthusiasm. The first day of Diwali is celebrated as Dhanteras, or also known as Dhanwantri Triodasi. Dhanteras brings with it the festive mood of Diwali. Though considered a festival of wealth, it signifies new beginnings and promises for a better future ahead.
The word Dhanteras is a combination of "dhan" meaning wealth and "teras" meaning the thirteenth night of the month in which it is celebrated. It is believed that the best day for making purchases is on Dhanteras, as by doing so, the goddess of money Lakshmi will bless the family throughout the year.
On Dhanteras, buying precious metals like gold and silver are considered signs of good luck and hence most people pick Dhanteras to splurge on gold jewellery and coins. Apart from its festive significance, an investment in gold is also considered to bring with it a great potential to store value.
But physical gold purchases, bring with them purity concerns and safety issues. Also, you stand to lose 10% - 15% of value each time you send your physical gold for remaking, irrespective whether the gold is certified or not. And there are deductions in the form of making charges. Besides, the exorbitant rates make it difficult to invest a lump sum amount. You have to budget for other expenses too during the festive season.
That's why this Dhanteras, there are new alternatives to the way you invest in gold -
Quantum Gold ETF and Quantum Gold Savings Fund.
- The Quantum Gold Fund ETF is an exchange traded fund listed on the NSE.
- You need a demat and a trading account to invest in it, but here's what makes it a Golden Buy:
- Affordable: Only ETF where 1 unit represents ½ gm gold
- Pure: Backed by real gold of 0.995 finesse
- Convenient: Call your broker to buy "QGoldHalf" or buy it like a usual equity share through your trading account
- Value: Trades like a normal equity share on the exchange - in tandem with domestic gold price
- However, if you don't have a Demat account but still want to invest in gold, then here's the Quantum Gold Savings Fund (QGSF)
- No Demat and Trading account required!
- Low Denominations: Conveniently invest in Gold with as little as Rs 500!
- Add-on facilities that facilitate a complete investment experience!
- SIP feature: Disciplined investment through SIP feature during continuous offer!
Dhanteras sets the festive mood for Diwali and signifies new beginnings for a better future ahead. This year, start the festivities with a different gold investment. Write to us at if you want to create a brighter Diwali. Taking care of your investments.
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