The vibrant festival of Navratri brings with it an air of positivity, renewal, and a sense of new beginnings. Celebrated over nine days, Navratri honours the triumph of good over evil and the divine feminine energy represented by nine goddesses. Each day signifies strength, wisdom, prosperity, and new opportunities.
Navratri is also an ideal time to invest, as it aligns with the spirit of new beginnings and long-term growth. It is not just about making money; it’s also about building a stable financial future. As the festival brings positivity, hope and blessings, this is a great time to double down on your personal growth and secure your financial well-being and prosperity. And what is a better way to do this than through mutual funds and SIPs?
The Significance of Navratri
Navratri is a very vibrant and spiritual festival that celebrates the victory of good over evil and honours the divine feminine energy. For nine days, we worship different forms of Goddess Durga, each representing unique qualities that guide us toward personal and spiritual growth.
Let’s take a brief look at the significance of each Goddess worshipped during Navratri:
- Goddess Shailputri – She represents strength and purity, symbolising the power to overcome challenges and set a solid foundation for growth.
- Goddess Brahmacharini – She represents devotion and determination, teaching us the value of perseverance and dedication in our endeavours.
- Goddess Chandraghanta – Known for courage and serenity, she reminds us of the importance of balance in life, blending strength with calmness.
- Goddess Kushmanda – Representing creation and new beginnings, she signifies the power of starting something new with positivity and hope.
- Goddess Skandamata – A symbol of nurturing and protection, she teaches us the importance of caring for what we build, whether it’s family, career, or wealth.
- Goddess Katyayani – She represents courage and righteousness, inspiring us to take bold steps and make decisions that align with our values.
- Goddess Kalaratri – Known for her fierce form, she signifies the end of darkness, helping us eliminate negativity and fear from our lives.
- Goddess Mahagauri – A symbol of peace and purity, she encourages us to embrace inner calm and seek clarity in all aspects of life.
- Goddess Siddhidatri – The granter of wishes and wisdom, she represents the fulfilment of our goals and the rewards of hard work and faith.
Compounding your Wealth with the Power of Mutual Funds and SIPs
Mutual funds, with their excellent growth prospects and diversified portfolios, provide an accessible gateway for investors looking to grow their wealth over time. Whether you’re a beginner or a seasoned investor, mutual funds offer the flexibility of choosing from a variety of sectors, risk levels, and time horizons.
This Navratri, take a step forward to grow your investments by harnessing the power of compounding. Starting SIPs, even with a minimal amount, builds the habit of saving and investing regularly. With simplicity, time and patience, it builds up your corpus over time so that you can buy your dream house, settle your kids or even retire without having to worry about your bills. Like a sapling that flourishes into a tree with time and nourishment, your regular investments grow into substantial wealth and may even build generational wealth.
Make This Navratri Count
As you celebrate the divine feminine energy that empowers and uplifts, remember that your financial growth can also be a source of empowerment. Take a step towards building wealth and securing your future this Navratri. Whether it’s starting a new SIP, increasing your investments or simply reviewing your portfolio, now is the best time to take action.
Let this Navratri and the Goddess guide you towards financial security, stability and prosperity.
Happy Investing, and Happy Navratri!
NRIs can now download the SBNRI App and choose to invest in different NRI mutual fund schemes in India with ease. You can also get detailed mutual fund advice from experts at SBNRI. Visit our blog and YouTube channel for more details.
SBNRI is an authorized Mutual Fund Distributor platform & registered with the Association of Mutual Funds in India (AMFI). ARN No. 246671. NRIs willing to invest in mutual funds in India can download the SBNRI App to choose from 2,000+ mutual fund schemes or can connect with the SBNRI wealth team to better understand Mutual Fund investments.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions. SBNRI does not intend to predict future returns, please read all related documents before investing.
Frequently Asked Questions
What is the best investment for NRI?
There is no one-size-fit for all, since the best investment depends on factors such as financial goals, risk capacity and time horizon. NRIs have a wide pool of opportunities to invest in, which includes mutual funds, real estate, stocks, and fixed deposits, and each of them varies in liquidity, risk, and returns, allowing NRIs to tailor their portfolios as per their priorities.
Can NRI invest in PMS in India?
Yes, NRIs are eligible to invest in PMS (Portfolio Management Services) in India. PMS provides tailored investment solutions with a personalised approach to managing portfolios. It can be a good option for investors looking for professional management of their portfolio that typically starts from ₹50 lakhs. NRIs can invest in PMS through their NRE or NRO accounts.
What is the tax on investment by NRI in India?
The amount of taxation on an NRI depends on the type of investment, the holding period, and whether the income is repatriable (can be sent abroad) or not. NRIs can also benefit from DTAA (Double Taxation Avoidance Agreements) between India and several countries, which exempts NRI from getting taxed twice on the same income.
Can NRI invest in SIP?
Yes, NRIs can invest in SIPs in India. NRIs can invest in SIPs through their NRE or NRO accounts, and depending on the mutual fund, they can choose equity, debt, or hybrid funds.
