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A wealth basket is a term used to describe a collection of assets or investments that an individual has accumulated over time. These assets can include stocks, bonds, real estate properties, cash savings, and other valuable possessions. The idea behind building a wealth basket is to diversify one's portfolio investment and hedge against potential losses in any one asset class.
By spreading out investments across multiple assets, investors can reduce their exposure to market volatility and potentially increase their returns over the long term. Additionally, having a well-diversified wealth management can provide financial security for individuals. Make your investment basket with blinkX and plan your investment at ease.
Diversification: Wealth baskets allow you to invest in a pre-configured basket of assets like stocks, gold, debt funds, etc.
Easy rebalancing: Wealth baskets come pre-allocated with a set asset mix. The fund house automatically rebalanced periodically to maintain your chosen asset allocation.
Low cost: Wealth baskets from fund houses have lower costs compared to individually investing in each asset. It saves on brokerage and transaction fees.
Theme-based investment: Wealth baskets are thematic and cater to specific investment needs like regular income, tax savings, retirement planning, etc. This provides targeted investing.
Curated by Experts: Wealth baskets are created by fund managers to optimise returns for a particular theme or goal. This gives access to professional expertise.
