Gold ETF...what are the all charges???

I was trying to search about gold etf did got a rediff article dating back to 2007 as what are the charges involved


http://www.rediff.com/money/2007/mar/09gold.htm

http://www.rediff.com/money/2009/apr/13perfin-how-gold-etfs-are-taxed.htm

http://www.rediff.com/getahead/2007/feb/28gold.htm

Though i guess now entry and exit load is removed

But there are some charges which we need to pay which is not mentiuoned here but have description in nsel promoting topic like this

http://economictimes.indiatimes.com/quickiearticleshow/5758993.cms

It mentions amc,vault charges,insurance and all (4%)

http://economictimes.indiatimes.com/quickiearticleshow/5758996.cms


i dont know 4% on investment or profit

Can somebody who is trading in same explain about it?

As far as we are concerned, all charges are the same as buying or selling shares in the secondary market except that no STT is charged on purchase or sale of gold ETF units.

Are u sure the last link states 4% insurance charges and all others.....

I want to be doubly sure before start investing in it

Anyways there do exist AMC which does include what i said

check this blog link to

http://khotapaisa.wordpress.com/2009/12/10/gold-etf-vs-coins/

Anyone???

Still looking for the charges

I am newbee in share trading, My Angel broker suggest me to buy gold shares (I bought Reliance gold in NSE) which does not fluctuate as the The gold rate increases and he told me that GOLD ETF funds bear Hidden cost and are not preferable and in my opinion the ETF funds shall deemed to fluctuate directly with the market Gold price and my be more profitable.

1. Does Gold ETF funds bear hidden Charges and how much charges are there?
2.Is gold shares in NSE are less profitable then ETF funds?


Please help Professionals.

Tarun,

You've got it all mixed up.

A Gold ETF is the same thing as a Gold Share on NSE.

You should read this:

http://www.valueresearchonline.com/story/h2_storyview.asp?str=15478

The only charges you need to pay over and above the NAV is brokerage charged by your broker (typically between 0.5 to 1%) and Demat transaction charges.

Write back if you have any queries.

Thanks a lot mate, now i got it

Hi

TER is what you have to look at :

http://ch.ishares.com/en/rc/landing/etf-total-cost

You have to know your ETF provider. Here an example :

http://www.dailyfinance.com/story/i...roviders-before-shopping-for-an-etf/19327331/

The next links will bring you to a new world, if you are new to ETFs or even if you have some knowledge about it :

http://etfdb.com/

http://etfdb.com/compare/lowest-expense-ratio/

Take care

DanPickUp

Heyy! pal, can you suggest me some ETF to buy, i have Reliance gold ETF in my portfolio, and should i buy at this level of market, as in December gold price see some downside as according to my expeience.. your help will be appreciated,:thanx:

Hi tarun

Appreciating work means also to do some thing by your self. We have to split the work.

I would need some links from ETF and ETC providers in India. As I do not speak any of your Indian languages, I need links in English. I need to see, what they offer.

I then can filter on that pages and then I can give you some ideas. Your part of this work relation, is to show me the links.

Some more clarification : Not all kind of ETFs and ETCs are allowed in your country. You have to be sure, that the links you show me, show ETFs and ETCs, which can be normally traded in your country. Clear

Take care

DanPickUp