Over the past few years gold has metamorphosed from a glittering piece of jewellery to a valuable investment option. Even if you are a stickler for tradition, you can buy Gold the smart way by opting for God ETFs
Gold has undergone a complete metamorphosis from a glittering piece of jewellery to a valuable investment option.
Gold Exchange Traded Funds (ETFs) are the smartest way to invest in gold. They are dematerialised form of gold and they directly invest in 99.5% purity gold.
While Asset Management Companies (AMCs) do charge an annual fee, Gold ETFs are more tax efficient than physical gold. They are listed on the stock exchange hence easily tradable like any company scrip.
Gold ETFs are available in small denominations, and can be kept in the demat account. Each unit of Gold ETF represents one gram of gold in case of most ETFs.
You have to open a demat account and buy units of Gold ETF.
You also have the option of doing DIYSIPs monthly in Gold ETFs with us. It would be a good way to invest if you need to buy jewellery in the future for events such as your daughter’s wedding.
Through DIYSIP, you can keep buying gold units at various points in time, averaging out the price at which it is bought. This is much like SIP in mutual funds.
Benefits of investing in Gold ETF
No storage cost or security concerns
No risk of impurities
Listed and traded just like a stock
Flexibility to buy gold in smaller lots
Potentially cheaper and Transparent Pricing
No wealth tax unlike gold coins/ bars