Unlock growth with diversified investments through best stock baskets in 2024
As we approach the end of 2023, it’s the right time for you to consider your investment prospects for 2024. If you have some available cash and stumble upon the right stock at an attractive price, it might be worth considering strategic additions to your portfolio.
However, finding those companies characterised by consistent and sustained earnings growth can be daunting. There are numerous such companies in the market; analysing each can be overwhelming. A more straightforward approach for you is to consider investing in a stock basket.
In this article, we will explore the best stock baskets in 2024 that present promising investment opportunities for potentially aiding in the growth of your funds.
But first, what exactly are stock baskets?
Stock baskets and theme-based investing simplify stock market navigation. They consist of carefully chosen stocks that diversify your portfolio, providing exposure to multiple assets in one investment. What makes them unique is their thematic approach, aligning with trends like technology, sustainability, healthcare, consumer trends, and more.
Stock baskets diversify holdings, capitalise on growth sectors, and maximise returns while managing risk, empowering you to navigate the market confidently.
Digital India stock basket
This stock basket is centred around the rapidly growing digitalisation trend in India. It aims to capture the potential of the digital transformation that the country is undergoing.
The widespread use of UPI (Unified Payments Interface) in India reflects the growing adoption of a digital lifestyle. UPI transactions surged to 2.73 billion in March 2021, doubling from 1.25 billion in March 2020. Furthermore, Indian companies are now utilising emerging technologies like AI, IoT, cloud computing, blockchain, and robotics to boost digital growth further. There is a high chance that this sector might outperform in 2024.
India Titans is a stock basket for investors looking to benefit from “large organised players becoming larger.” It concentrates on well-established companies with significant market presence in India. Portfolio managers worldwide have displayed a sense of optimism around the growth of Indian companies. According to a report by Deloitte, India is expected to grow by 6.3% in 2024.
Investing in established industry leaders can offer stability and long-term growth potential. India titans may provide exposure to companies with a proven success track record and a strong market position.
India sector leader ETF
The “India sector leader ETF” is an exchange-traded fund offering exposure to top companies in India’s banking and financial services sector and PSUs (Public Sector Undertakings).
In the Asia-Pacific region, Indian banks are expected to outperform global peers in generating more robust net interest income. Banking and financial services are essential for economic development, while PSUs add stability. Investing in this ETF allows investors to access these vital segments of the Indian economy and potentially benefit from growth
opportunities and innovation while managing risk.
Alphaniti Nifty 50 momentum
Designed to align with the Nifty 50 Universe, this alphabasket focuses on momentum-based investing. It targets stocks that have shown recent strong performance.
Momentum-based strategies can capitalise on the current market momentum, potentially providing short- to medium-term gain opportunities. This basket seeks to capture stocks that are currently on an upward trajectory.
Sona chaandi ETF
Any diversified portfolio should have fewer risky investments and generate stable returns even when there is a crisis in the economy. This investment could be in precious metals. The Sona Chaandi ETF exposes two of the most renowned precious metals: gold and silver.
Assets like gold and silver have traditionally been considered safe-haven assets and hedges against economic uncertainty. This ETF provides a straightforward way to invest in these metals, which can be attractive during market volatility.
Summing up, stock baskets are an increasingly popular investment vehicle that allows investors to diversify their portfolios and align their investments with specific themes or trends. These stock baskets offer compelling opportunities for investors seeking growth, stability, and exposure to emerging trends in 2024.
Each investment option offers a unique thematic focus, catering to different investment preferences and goals. You can choose the stock basket that best suits you depending on your risk tolerance, investment horizon, and market outlook.
Readers must determine the suitability of investing in individual investment themes mentioned in this blog and should not construe this as any specific advice. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Past performance is not an indicator for future returns.
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