Where should employees invest their festive bonus. Experts recommend investing festive bonuses across mutual funds, gold and fixed deposits rather than spending them impulsively. Bajaj Capital's Uttam Agarwal suggested mutual funds for investments with a five-year or longer horizon, while recommending SIPs or STPs over three to six months to manage volatility. Another expert advised allocating 60% to mutual funds, 10% to gold and 30% to FDs.