Diwali, the festival of lights, is considered to bring wealth & prosperity with the blessings of Goddess Laksmi to fulfill your financial dreams along with good fortune and happiness.
Well, it’s not just us! For more than half a century, stock traders all around India trade stocks on Diwali for one hour (popularly known as “Muhurat Trading.”) This auspicious hour also embarks the beginning of the Hindu calendar year (Vikram Samvat 2076). Hence, any trade during these 60 minutes is considered to bring great prosperity and wealth.
This year the Muhurat Trading is scheduled to be held on October 27 with the opening bell ceremony at 6.15 pm, and trading will continue for an hour up to 7.15 pm.
However, even in the most auspicious hour, one cannot avoid risks such as high volatility and lack of diversification in stocks trading. Hence if you are a long term investor (and not a trader), you can instead start an SIP during the “Muhurat” to get blessings of goddess Lakshmi.
Don’t worry, we will remind you few minutes before “mahurat” (6:12 pm on October 27) to invest in “Axis Bluechip Fund – Direct/Growth” (5-star fund recommended by our research team) which has delivered 16.43% returns in the last 3 years. Within just 5 mins, you can start an SIP of Rs.500 while still making the most of your precious time with your family.
Click the button below to explore the Axis Bluechip Fund now (to make sure that you are ready to invest immediately during Muhurat trading hour, instead of wasting time on the day of Diwali).
Happy Diwali from our team at MyWay Wealth!