Gold Buying Tips
Best MCX tips provides at 24cfin.
Gold Exchange Traded Funds (ETFs)
ETFs and gold funds (mutual funds that invest in gold ETFs) remove the issues of storage, assurance of purity, liquidity and the facility for regular investment associated with physical holding in gold. Gold ETFs invest in 99.5% purity gold which is held with the custodians. Divisibility of the investment in ETF is high since even one unit of gold ETF can be liquidated or sold in the market. In the case of physical gold, while it is easy to sell gold, liquidating it for smaller values may be an issue, unless the investor is holding gold in the smallest physical denomination possible. Moreover, the deductions on account of wastage and making charges, among others, at the time of sale of gold jewelry can eat into the realizable value. Get a good knowledge base about gold ETFs at 24 Carat Financial Services apart from the gold buying tips.
Though SIP is not possible in an ETF structure, there are three ways for the regular systematic investment in gold:
Buy a gold savings fund. Gold Savings Fund is a fund of funds that holds ETFs. It gives investors indirect way of investing through SIP in gold ETF. Even investors who do not have Demat accounts can take exposure in this way to a Gold ETF. Only drawback is the higher expense ratio for the FoF structure.
Through SIP options provided by online brokers.
Setting up manual reminders.
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