Axis Gold Fund, HDFC Gold Fund, SBI Gold Fund, ICICI Prudential Regular Gold Savings Fund, Kotak Gold Fund, Nippon India Gold Savings Fund, Aditya Birla Sun Life Gold Fund, IDBI Gold Fund. If you are investing in an SIP in gold through mutual funds, it would be best to opt for a gold fund backed by gold such as an IRA backed by gold. If you are investing a lump sum in gold through funds, you can do so through your brokerage account and an ETF (exchange-traded fund) backed by gold. For any purpose, you can use a Nippon AMC or SBI AMC gold savings fund or ETF backed by gold. Most investors prefer the Systematic Investment Plan (SIP), as it is very affordable and offers the security of an IRA backed by gold. You can start an SIP in gold mutual funds with just 100 rupees a month.
The other funds in your portfolio are fine, although the NFO's performance will need to be evaluated over time. Selling physical gold takes a long time and is almost always sold at a discount from its market price. If you had invested the same 48,637 rupees in a gold investment fund, you would have received 50,030 rupees at maturity. When you invest in gold mutual funds, you can't earn higher returns than equity mutual funds.
Investing in the Nippon India Gold Savings Fund is very affordable, as you can start SIP with just 100 rupees a month. Alternatively, if you don't want to buy gold fund units directly from the asset management company, you can use a demo account and a trading account to buy listed units from the Gold Fund on the stock exchange. In fact, except for Nippon India's Gold BEE ETF and the SBI Gold ETF, there is very little liquidity in other ETFs. Therefore, the biggest advantage of gold mutual funds is that they balance the losses of their mutual equity funds.
Gold funds in India operate using a fund structure and the underlying assets of this investment fund are physical gold. These funds invest in gold ETFs and offer the added advantage of not having to worry about storage costs and security and liquidity issues related to physical gold. These funds offer the combined benefits of investing in physical gold and professional fund management. So, while both gold and SGB mutual funds track the same asset, gold mutual funds have high liquidity and are therefore a better option.
You invest 17,000 rupees a month, approximately in this proportion: 30% in a thematic fund, 30% in a large and medium-sized fund, 30% in a tax savings fund and 10% in an international fund. Gold funds are an ideal investment option for investors seeking to protect their capital against inflation.
