What is GOLD-ETF Fund?
Ramalinga m K, MBA, CFP,
Director and Chief Financial Planner,
Holistic Investment Planners
Best Performing Financial Advisor Award Winners from CNBC TV18
Primary objective for such funds would be to diversiy the investors portfolio, hedging in a relatively safe commodity and a novel instrument for investments in India.
Gold Exchange Traded Mutual Funds would be perhaps first ever to be launched in India.
Gold Mutual Funds are intended to offer investors a means of participating in the gold bullion market without the necessity of taking physical delivery of gold, and to buy and sell that participation through the trading of a security on stock exchanges.
Gold ETF MFs are designed to provide returns that, before expenses, closely correspond to the returns provided by physical Gold.
Each unit is approximately equal to the price of 1 gram of Gold.
Advantages of investing in Gold/ Gold MFs : ...more