Investing in Gold Saving Funds

#1
A "Gold Savings Fund" (also known as a "Gold Fund") is generally Fund of Fund (FoF) scheme which invests its corpus into an underlying Gold ETFs and benchmarks its performance against the physical prices of gold. Hence by doing so, it attempts to provide returns that closely correspond to the returns of its underlying Gold ETFs.

Even though "gold saving funds" are passively managed, the most wonderful thing about them is that, they provide you the opportunity to invest in gold without really having to worry much about how to store it physically, since the units (your holdings in gold) are allotted in a paper form. Moreover, such a fund also provide you with the convenience of a Systematic Investment Plan (SIP) as well as lump sum investments, but without having you to open a demat account to avail its benefits (which is unlike Gold ETFs).

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Gold Saving Funds
 

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