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Is it good to invest in gold savings fund?

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Is it good to invest in gold savings fund?

Safe investment avenue – Gold funds are one of the safest investment options, as these mutual funds are regulated by the Securities and Exchange Board of India (SEBI). SEBI periodically monitors and reports on the condition of these funds, which can help investors measure and predict their returns.

Which is the best gold fund?

  • Kotak Gold Fund.
  • Axis Gold Fund.
  • SBI Gold Fund.
  • HDFC Gold Fund.
  • Invesco India Gold Fund.
  • Aditya Birla Sun Life Gold Fund.
  • Nippon India Gold Savings Fund.
  • ICICI Prudential Regular Gold Savings Fund.

How do gold funds work?

How do Gold Funds work? Gold funds are open-ended funds which invest in units of a Gold Exchange Traded Fund (ETF). The primary aim of gold funds is to create wealth by making use of the potential of gold as a commodity. It is suitable for investors who have a desire to take exposure to gold.

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How is HDFC Gold Fund?

The Current Net Asset Value of the HDFC Gold Fund as of 22 Nov 2021 is Rs 15.3859 for Growth option of its Regular plan. 2. Its trailing returns over different time periods are: -9.3\% (1yr), 13.68\% (3yr), 7.87\% (5yr) and 4.25\% (since launch). The expense ratio of the fund is 0.6\% for Regular plan as on Sep 30, 2021.

How do I invest in a gold savings fund?

You need a demat account to invest in Gold ETF and you can trade these ETFs through stock exchange. Gold savings funds are nothing but mutual funds which invests majority of its corpus (90\%-100\%) in Gold ETFs (of the same sister company), a small portion might also be in money market instruments or some short term debt products.

What is the difference between gold ETFs and gold saving funds?

In the case Gold ETFs which are highly flexible one requires to purchase minimal one unit. The investor can buy or sell as per their own investment strategy and asset allocation requirements and skills. Gold ETFs are tradable at the market and Gold Saving Funds cannot be traded in the market.

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What is the igold savings fund?

Gold Savings fund consists of simple investments. It is basically a mutual fund that invests in their Gold ETFs instead of regular ETFs. They also invest in some other short term funds as well.

Which is the best gold mutual fund to invest in 2020?

8 Best Gold Mutual Funds to Invest in 2020 are, Axis Gold Fund, Kotak Gold Fund, SBI Gold Fund, ICICI Prudential Regular Gold Savings Fund, HDFC Gold Fund, Nippon India Gold Savings Fund, Invesco India Gold Fund, Aditya Birla Sun Life Gold Fund