Tips for investing in legumes and riceImage credit source: Unsplash
Recently, the Assam police have exposed a stock market scam worth crores of rupees. This news has shocked everyone. In Assam, 22-year-old Bisal Phukan has defrauded thousands of people of Rs 2.2 crore by promising them a 30% return within 60 days. When this news spread, many questions about safe trading started to arise. In such a situation, an expert in the mutual fund market has advised people to invest in ‘dal-rice’. What is its significance?
Speaking on this issue, Radhika Gupta, CEO and MD, Edelweiss Mutual Fund, told people that if they want, they can take the option of investing in ‘dal-rice’ instead of the stock market.
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There are no shortcuts to getting rich
Shark Radhika Gupta, who appeared on India Shark Tank season 3, while referring to the fraud in Assam, said that it is better to invest in pulses and rice than to be a victim of fraud.
In a post on social media platform X, Radhika Gupta wrote, “The Rs 2,200 crore fraud is a very shocking incident. Just to understand that there is no shortcut to becoming rich…how many more frauds will we have to go through? If someone shows you the way to become rich overnight by showing you shiny cars…then the fate of such ways is only bad. ,
Radhika further wrote, “Stay safe. It is better to ‘invest in pulses and rice’. This investment gives you benefits without indigestion.”
2,200 crore fraud is a heart-breaking thing. How many reminders do we need that there is no quick route to riches and that usually, if that route is advertised with luxury cars in tow, it leads to fatal accidents?
Stay safe. And stick to investing in dal-rice. It works. No https://t.co/InLVbry9rv
—Radhika Gupta (@iRadhikaGupta) September 6, 2024
What is the ‘Pulse-Rice Fund’?
There are many such funds in mutual funds that are limited to a single sector, but Dal-Rice Fund gives you the opportunity to invest across sectors. These funds may include hybrid funds, flexible funds, diversified equity funds, active or passive funds. Dal-Rice Fund offers stable returns to its investors even in volatile conditions.
