Aditya Peete, Director, WHP Jewelers, said that gold will continue to grow rapidly in the coming years as it has achieved a tremendous growth rate over a period of ten years.
SIPs or regular investments are not only easier for investors but also reduce the burden and provide financial discipline. The SIP plan is useful in estimating profits due to the high volatility in equities at present. Aditya Peete, Director, WHP Jewelers, said: Also, if gold prices show a correction it will be a very small amount compared to the earnings earned in a year.
What is Gold Mutual Funds : Investors in open mutual funds buy gold through ETFs. This gold requires a demat account to invest in mutual funds. These funds have value based on NAV. These will be revealed at the end of trading. The returns from gold mutual funds are seasonal.
Where to Buy Gold Mutual Funds .. Contact Gold Mutual Funds Offering Platforms. These can be invested on completion of KYC (Know Your Customer).
Why invest in gold mutual funds: Investing in gold .. Investing in other market liabilities works against inflation. In addition inflation .. gold causes mutual funds to put money.
Taxation on
Gold Mutual Funds .. Taxes on Gold Mutual Funds are levied in the same way as profits on them. Investors are taxed on total income if these funds are sold within 3 years. Units over three years are taxed at 20.8 percent, including long-term capital gains index
benefits.Gold Mutual Funds Invest in gold as well as other liquid funds. This is not even the case with gold ETFs. Investing in Gold Mutual Funds can take the SIP investment path unlike the gold ETF.
Defects in
Gold Mutual Funds Compared to Gold ETFs .. -The cost is higher if invested in Gold Mutual Funds through brokers. 1.5 per cent in AUM.
-In gold MFs, units cannot be transferred into metal. However gold can be made in ETFs.
-Gold ETFs have better liquidity. Also there is no exit load when taking investments.
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