Best Investment Ideas Ganesh Chaturthi 2024 for Young Stock Market Investors

In this article, we will discuss

• Stocks to Watch Out For This Ganesh Chaturthi 2024
• Mutual Funds to Watch Out For This Ganesh Chaturthi 2024
• Conclusion

As Ganesh Chaturthi 2024 fast approaches, devotees across India prepare to welcome Lord Ganesha, the remover of obstacles and the harbinger of good fortune. This celebration of new beginnings and prosperity also presents an opportune moment for young investors to reflect on their financial journey and consider fresh investment avenues. This is made easier with the advanced analytical tools available on the Samco trading app, which include live TradingView charts, up-to-date technical indicators and more.

The stock market, with its potential for long-term wealth creation, offers a plethora of opportunities for those willing to navigate its complexities. As we wait for Ganesh Chaturthi 2024, here are some promising investment ideas for young stock market investors that could potentially yield favourable returns in the long run.

Stocks to Watch Out For This Ganesh Chaturthi 2024

The Indian stock market has no dearth of good-quality stocks to invest in. Here are five of the top stocks you must have on your radar, along with some of its key financial metrics.

Note: All of the values in the table are valid as of September 4, 2024.

Let us now take a brief look into each of these five companies to understand their business model and how they operate.

• Larsen & Toubro

Larsen & Toubro, often referred to as L&T, is one of India’s largest conglomerates with a strong presence in engineering, construction, manufacturing, technology, and financial services. The company, however, is well-known for its engineering and construction prowess.

Over the 80 years of its existence, Larsen & Toubro has successfully executed several large-scale infrastructure projects across various cities and towns in India. As India continues to invest in infrastructure and urban development, L&T is likely to be a key beneficiary, making it one of the best long-term investments for those looking to invest in India's growth story.

• Zomato

Zomato, India’s leading food delivery and restaurant discovery platform, represents the new age of Indian startups that have successfully transitioned to publicly listed companies. Zomato's business model is not just restricted to food delivery and dining out.

In fact, the company has made a strong entry into the quick commerce and grocery delivery segment through its acquisition of Blinkit. After years of posting losses, Zomato finally turned profitable for the financial year 2023-2024, where it posted a profit of Rs. 351 crore. With the company expected to continue on the path of profitability, Zomato is one of the best investment ideas for the long term.

• JSW Energy

JSW Energy, part of the JSW Group, is one of India's leading private-sector power producers. The company has been at the forefront of India's transition towards cleaner energy sources, making significant investments in renewable energy projects.

Currently, JSW Energy has a total operational power generation capacity of 4,541 MW. The company is also expected to raise its renewable energy production to 81% of its total capacity from the current 52%. If you are planning on investing in stocks focusing on clean energy, JSW Energy could be a good long-term pick.

• Ambuja Cements

Ambuja Cements, now part of the Adani Group, is one of India's leading cement manufacturers. The company’s strong brand presence, widespread distribution network, and focus on sustainable practices are some of the key advantages that position it well in a highly competitive market.

The company aims to increase its total cement production capacity to 140 Metric Tonnes Per Annum (MTPA) by 2028. Furthermore, Ambuja Cements has also invested Rs. 10,000 crore for building solar and wind power generation systems with a total output of 1 GW and Waste Heat Recovery Systems (WHRS) with a total capacity of 376 MW.

• State Bank of India

The State Bank of India, the country's largest public sector bank, is often seen as a barometer for the Indian banking sector and the broader economy. With its extensive branch network, diverse product offerings, and strong government backing, SBI plays a crucial role in India's financial landscape.

Of late, the State Bank of India has been making significant strides in digital banking, improving its asset quality, and expanding its retail lending portfolio. The bank's efforts in financial inclusion, particularly through its YONO platform, have helped it tap into India's vast unbanked and underbanked population. For young investors, the bank is one of the best long-term investments that provide exposure to India's banking sector.

Mutual Funds to Watch Out For This Ganesh Chaturthi 2024

This Ganesh Chaturthi 2024, in addition to investing in stocks, young investors could also do well by including a few mutual funds in their portfolio. Here are a few of the top fund options that you can consider.

1. Samco Flexi Cap Fund - Direct Growth

The Samco Flexi Cap Fund invests in stocks across large-cap, mid-cap, and small-cap segments. This enables investors to enjoy unparalleled diversification and makes the fund resilient across all kinds of market cycles. As of August 31, 2024, the top industries that the fund has invested in include capital markets, personal products, aerospace and defence, industrial products, and chemicals and petrochemicals.

Key Metrics

• Net Asset Value (NAV): Rs. 13.20

• Expense Ratio: 0.93%

• Fund Size: Rs. 673.39 Crore

• 2-Year Returns: 17.24%

2. Samco Special Opportunities Fund - Direct Growth

One of the few mutual funds to focus on special situations and unique themes, the Samco Special Opportunities Fund aims to provide long-term capital appreciation by capitalising on market inefficiencies. As of August 31, 2024, the fund had major investments in consumer durables, finance, automobiles, power, and industrial products. Young investors with a high tolerance for risk and long investment horizons can consider investing in the fund.

Key Metrics

• Net Asset Value (NAV): Rs. 10.12

• Expense Ratio: 0.77%

• Fund Size: Rs. 200.83 Crore

3. Samco Dynamic Asset Allocation Fund - Direct Growth

The Samco Dynamic Asset Allocation Fund represents some of the best long-term investments in the equity market. Unlike other traditional funds where the asset allocation is static, this fund has the flexibility to quickly change the asset allocation between debt and equity depending on the prevailing market conditions. As of August 31, 2024, the fund’s top investments were from finance, automobiles, pharmaceuticals and biotechnology, real estate, and sovereign bonds.

Key Metrics

• Net Asset Value (NAV): Rs. 11.7

• Expense Ratio: 0.71%

• Fund Size: Rs. 643.73 Crore

• 6-Month Returns: 14.37%

Conclusion

These are some of the compelling investment ideas that new investors can consider pursuing this Ganesh Chaturthi 2024. With careful planning and disciplined investing, young investors can work towards building long-term wealth and achieving their financial goals.

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