After many years, it happened, invest money in gold, silver, shares, mutual funds and earn good returns

Wealth is the hope, the biggest financial year started with the biggest decline, it will end up being the most memorable in terms of returns.

After many years, it happened, invest money in gold, silver, shares, mutual funds and earn good returns. See the report below:

The beginning of the current financial year 2020-21 is as bad as it could have been in any other financial year. The entire country was in lockdown. The business was closed, the market was in historical decline and it seemed that this year would prove to be very bad. However, after the third quarter of the financial year has passed, it looks like this year is going to be memorable for investors. Investors made significant profits at the beginning of this financial year, wherever they invested money on the stock market, mutual funds, gold, or silver. This is the first time since 2008. Experts believe that the last quarter of the financial year will also prove to be better for investors.

Gold to historic high

At the beginning of the financial year, gold was Rs 43,474 per 10 grams. It jumped 30 percent in the next four months and reached its all-time high of Rs 56,126 per 10 grams in August. Even at this time, gold is about 14 percent above the April level.

What next According to Ajay Kedia, MD, Kedia Advisory, gold will increase further. By March it is 58-60 thousand rupees. Can reach up to 10 grams.

Silver has given a 90 percent return of white metal

At the beginning of the financial year, silver was selling at Rs 39,250 per kg. In the next four months, it reached the level of Rs 75.013. That is, the one who put one lakh rupees in silver on April 1, his amount was 1.90 lakh rupees. At this time also, silver is about 67 percent above the April level. Further, according to Angel Broking's AVP Research Anuj Gupta, silver may show pressure by March, but later silver may cross 75 thousand levels. 

Sensex market has given 75% return in nine months

The Sensex was at 28,265 points at the beginning of the financial year, reaching 49,584 points in less than 10 months. That means 75 percent profit. The one who would have invested one lakh rupees in the Sensex on April 1, its amount has become 1.75 lakh rupees in that time. According to Umesh Mehta, research head of SAMCO Securities, the market move will be decided by the budget. Sensex can remain in the upside-down range from 50 thousand to 5%.

Mutual funds have given double the returns till now

The average return of mutual funds is considered to be 13 to 15 percent. Most equity mutual funds return in the range of 25 to 30 percent in this financial year. That is, in the first 9 months of this financial year, one lakh rupees engaged in equity mutual funds have become 1.30 lakh rupees today. Further, according to the equity outlook of Bajaj Capital, the ongoing flow from foreign investors is expected to continue the better return of equity mutual funds.

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