Indians prefer to buy gold for jewelry or investment in bridal goodies. As far as investing in gold is concerned, experts recommend investing money in other ways instead of physical gold.
Gold is very important in India. Gold is used in many ways in the country. Indians prefer to buy gold for jewelry or investment in bridal goodies. As far as investing in gold is concerned, experts recommend investing money in other ways instead of physical gold. One of these options is ETF (Exchange Traded Fund). Gold ETFs are a great choice to make a profit by investing. Mutual fund investors are also interested in investing more in gold ETFs. Data released shows that it invested Rs 579 crore in Gold ETFs in September. Gold ETFs had a capital of Rs 907.9 crore in August. Gold has raised a net investment of Rs 5,957 crore in ETFs so far this year. Gold ETFs are far ahead in terms of giving better returns. This is why investors like them so much. Not only this, in the opinion of experts there is a possibility of better returns from Gold ETFs.
Gold ETFs are a gift to investors. From here, options like FD and post office scheme get a lot of revenue. Here we inform you about 4 gold ETF funds that have given returns up to 26%. These funds include HDFC Gold Exchange Traded Fund, SBI ETF Gold, ICICI Prudential Gold ETF and Nippon India ETF Gold.
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Strong gains in 1, 3, 5 years
HDFC Gold Exchange Traded Fund has given strong returns of 28.52 per cent in the last 1 year, while returns for 3 and 5 years are 18.26 per cent and 12.44 per cent respectively. SBI ETF Gold returned 28.98 per cent, 18.50 per cent and 12.33 per cent for the first, third and fifth years respectively. ICICI Prudential Gold ETFs gained 28.18 per cent, 18.32 per cent and 12.12 per cent, while Nippon India ETF Gold gained 28.66 per cent, 18.41 per cent and 12.35 per cent during the same period. Diwali is coming up, so this is a good opportunity for you to invest in this golden ETF.
Interest from investors
Investors are more interested in gold ETFs than ever before. This is due to the rise in gold prices. This is because the return you get on gold is equal to the return on gold ETFs. As far as investment is concerned, the corona crisis is not over yet and the economy is not doing much better. In such a situation, gold ETFs are a good option to invest money. However, the price of gold fell by about Rs 6,000. In such a situation, it is a good opportunity to invest in gold ETFs. What is Gold ETF?
Before investing in a gold ETF, find out at once what a gold ETF is. Gold ETFs are mutual funds only. It is also upside down at the gold rate. Gold ETFs provide strong returns to investors in the long run. It is in electronic form, so you do not have to worry about accuracy. You can sell faster than physical gold and at the current rate.
How to invest A
demat account is required to invest in Gold ETFs. Gold ETFs can also be invested initially for 1 gram (1 gold ETF unit). The good thing is that you can also borrow from a Gold ETF. You have to give it as security. There is a need to pay a making charge on physical gold, but gold ETFs can be found at full value without such work.
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