The best stocks for college students to invest in in India are those with strong fundamentals and high dividend yields, such as Reliance Ltd., ITC Ltd., and Infosys Ltd.
College is actually one of the best times to start investing because the earlier you start, the more time you will give your money to grow. When most college students spend money on useless items, you will be growing your money and learning to manage risk without taking a significant financial loss, which will set you apart from the crowd.
Here are the pros of investing early:
Putting money into investments teaches you to manage your finances wisely, and watching your money grow will turn you into a savvy investor.
The earlier you start investing, the more time you will give your money to grow through compounding and generate income for you.
Your future will be secured by early investments, and you will have enough money to rely on after 40 or 50 years.
The money will keep compounding and eventually become a source of passive income.
To start your investment journey, you need to open a demat account. You can open a demat account with any SEBI registered discount broker available in India.
It's simple to open a demat account with online brokers; all you need is a savings bank account, a PAN card (mandatory), and a valid address proof. After following a few quick steps, your account will be ready for investments.
Here's a list of some of the best stocks for students:
Reliance Industries is the industry leader in both the products and services sectors. It engaged in the oil, gas, retail, and digital services industries.
ITC Limited is a high dividend-yielding company engaged in the marketing of fast-moving consumer goods (FMGC). The company operates through four segments: FMGC, Hotels, Paper, Packaging, and Packaging and Agri-Business
HDFC Bank Limited offers a range of banking services like savings accounts, fixed deposits, personal loans, education loans, SME loans, etc.
Infosys Limited provides outsourcing, next-generation services, and technology consulting.
Hindustan Unilever Limited's business is centered on fast-moving consumer goods. The company is engaged in soap and detergents, personal care products, beverages, packaged foods, chemicals, and infant care products.
Reliance Ltd., ITC Ltd., and Infosys Ltd. are the best stocks for college students to invest in because they have strong fundamentals, consistently make a profit, and offer high dividend.
Important: Stock Market is subject to market risk. We are not recommending to invest in any of these stocks. Please do thorough research and follow due diligence before putting in your money in any risky asset class.
This website is an informational platform only and not a substitute for any professional advice. Please take required professional advice before making any decisions based on the information given here.