We as Indians have a tradition of investing in gold. India is one of the largest consumer of gold. At present estimates say that India has $950 Billion of gold reserves. The value of currency also depends on the gold reserves of a country. We all have a tradition of accumulating gold in the jewelry by paying there gold savings scheme. The procedure is that they get cash for each month and at the end of the scheme they pay us a premium of 2 installments or provisions as per there scheme. But the disadvantage here is that you buy gold at the rate which is prevailing at the end of your scheme. So there is a solution to put an end to all this. In today’s world there are much more better solutions for gold savings rather than an traditional way. In today’s financial markets you can buy gold in the form of ETF (Exchange Traded Fund) for investors who can buy a minimum of one gram for small investors they can invest in Mutual funds that invest in GOLD ETF.
There are many advantages in investing in such products. By investing in such products you can buy gold at the current market price on the day of investing. There is no possibility for theft of gold. So the locker charges for safeguarding the gold is prevented. You can also mortgage such instruments ( GOLD ETF) for your financial requirements as (Loan Against Shares).
Types of Mutual Funds Equity Funds : Funds that invest in equity shares are called equity funds. They carry the principal objective of capital appreciation of the investment over a medium to long-term investment horizon. Equity Funds are high risk funds and their returns are linked to the stock markets. They are best suited for investors who are seeking long…Read More
Mutual Fund is an investment vehicle that is made up of a pool of funds collected from many investors for the purpose of investing in them in various kinds of assets to generate returns. In other words instead of you investing your money directly, it is being invested by professional fund managers. By investing in mutual funds, the investor is…Read More
The need for such a portfolio is to remove the disadvantages and higher charges incurred in a product like ULIP’S and also have the benefits of a ULIP’S. ULIP (Unit Linked Insurance Plan) is nothing but a combination of Term insurance plan + Investment Plan with tax benefits under the section 80 C . This can be achieved by investing…Read More