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Below the Quote on Akshaya Tritiya 2024: Key Sectors and Strategies for Wealth Creation by Dr. Vikas Gupta, CEO and Chief Investment Strategist, OmniScience Capital

Akshaya Tritiya" is considered one of the most auspicious days for Indians, as it is believed that making an investment or purchase on this day will lead to steady growth and maximum returns over an extended period. Therefore, investors can begin their investment journey or diversify their investment portfolio into equities based on various factors suitable for long-term investment and wealth creation.

The year 2024 witnessed significant market fluctuations influenced by various global events that indirectly impacted the Indian stock market. Additionally, with general elections nationwide, investors anticipate new policies and reforms post-election.

India recorded a GDP growth rate of 7.2% in 2022, and with the ongoing 2024 general elections, the stock market is trading at all-time highs. The market sentiment appears favorable, but it's uncertain whether this will persist post-election. Assuming the current government is re-elected, investors may consider staying invested during the election season and exploring sectors likely to surge afterward.

This can be a great time to consider investing through smallcase strategies in sectors positioned for growth in the coming days. The top strategies and sectors to invest in the current period to create wealth from the stock market on the smallcase investment platform include Ayodhya & UP, Power, Banking, FinTech, Digital Banking & Payments, Defense, Railways, Bharat Amrit Kaal, AI-Tech Global, and Future of Mobility.  These sectors are expected to experience significant growth and represent promising investment opportunities.

To benefit from these investment strategies, one can start with a lump sum of INR 5 Lakhs or invest one lakh for a lower starting amount, and then do an SIP monthly thereafter, with a minimum holding period of preferably 5 years but at least 3 years.  One should make nearly 40% to 60% investments in the core strategies like flexicap or Amrit Kaal or large, mid and small cap and the remaining can be divided in 5% or 10% each in various growth vectors.

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