The biggest advantage of investing in gold through mutual funds is that you can also buy gold worth Rs 500 in it. You can invest in gold every month through SIP.
Gold Investment Plan: Who does not like gold? Gold has been a symbol of prosperity for centuries, not now. It is a practice for people to display their prosperity, to pass on to future generations as an inheritance or to save gold for use in times of crisis.
This importance of gold remains intact even today. But due to the ever-increasing prices, this precious metal is becoming beyond the reach of the common man.
Even though the market is buzzing with its boom these days, people still turn to gold for a safe investment. In terms of investment, gold is that safe option, which has been giving good returns to the investors for a long time. Financial advisors say that the share of gold in the portfolio of a good investor should be up to 15-20 percent.
At present, the trend of people is moving towards other options instead of investing in real gold (metal gold). Because buying genuine gold is not everyone’s power.
Ever since other alternatives to gold have come, common man has also started investing in gold. One can invest in gold through gold bonds, gold ETFs and mutual funds.
Gold Mutual Fund is a safe way to get good returns. By investing here, you do not have to worry about the maintenance of gold like physical gold. There are many such mutual gold funds which have given higher returns than FDs.
500 can buy RS Gold
biggest advantage of investing in gold through mutual funds is that you can buy gold in the 500. You can invest in gold every month through SIP. It can be invested like any other mutual fund.
Axis Gold Fund, Kotak Gold Fund, SBI Gold Fund and HDFC Gold Fund are some of the gold funds which are giving good returns.
Kotak Gold Fund Among
such mutual fund schemes, Kotak World Gold Fund is an international fund that invests in gold mining companies and firms marketing it. The returns of these schemes are linked to the daily movement of gold. Therefore, one should use Systematic Investment Plan (SIP) or Systematic Transfer Plan (STP) to invest in this scheme.
Gold Mutual Fund is an open-ended product that invests in Gold ETFs. There are many such gold funds, which have given 14 to 15 percent returns in just 3 years.
