Go for Dhanteras gold SIP

THIS RITUAL-BASED INVESTING BINDS FAITH, DISCIPLINE & FINANCIAL FORESIGHT

- SAIKAT NEOGI

BUYING GOLD EVERY Dhanteras - an annual gold systematic investment plan or SIP -is a disciplined approach to address asset allocation needs and create long-term wealth.

Such an annual exercise helps averaging the price volatility and aligning cultural investment objectives.

If an individual had purchased just 10 grams of gold every Dhanteras since 2020, the current value would be ₹6,33,250 on investments of ₹2,86,730, a growth of 2.2 times.

In a longer time period, had an investor purchased gold worth ₹1 lakh every Dhanteras since 2005, the corpus now would be ₹1.08 crore (950 grams of gold) on an investment value of ₹20 lakh.

Chirag Mehta, chief investment officer, Quantum AMC, says this steady, ritual-based investing is one of India's most underrated financial traditions. "A culture SIP that binds faith, discipline and financial foresight," he says.

Rising prices