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Investing in gold often bodes well for investors. However, investing directly in gold comes with its set of perils. For starters, you have to pay making charges, and there’s always a risk of theft. Why make investing in gold a messy affair? Keep things safe and simple by investing in gold indirectly through gold mutual funds.
Wondering what we are on about? Gold mutual funds allow you to invest in gold as a commodity without the frilly expenses of making charges. You can purchase gold units from the Gold Exchange Traded Fund, and there is no maximum limit to how many you can buy.
These funds are convenient and low-risk. They also act as a hedge to protect investors from the highs and lows of the stock market. Even if you have the stomach for risk when investing in mutual funds, put some money in gold funds. Doing this will provide more stability to your financial portfolio.
Apply for gold mutual funds online through the Moneyfy portal, and shield your money from stock market volatility. Remember, the long-term returns of gold funds can far exceed your returns expectations. Compare them on our website, and apply now!
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Now that you know about the benefits of investing in gold, let’s talk about the more important subject, i.e., “How to invest in Gold?” Apart from the traditional method of buying jewelry, gold coins, bars, billions, or artifacts, you can now invest in gold online through several modern methods. For example, you can invest in gold Exchange-Traded Funds (Gold ETFs) or gold mutual funds. Investing in gold ETFs is equivalent to buying physical gold, albeit in the digital form.
Below are the different methods in which you can invest in gold in India:
Buying physical gold (jewelry, gold coin, gold bar, gold biscuit, etc.)
Investing in gold ETFs through a Demat account
Investing in gold mutual funds
Buying sovereign gold bonds
Comparison Between Different Gold Investment Methodologies
Physical Gold |
Gold ETFs |
Gold Mutual Funds |
Sovereign Gold Bonds |
Buy gold in the physical form. |
Buy ETFs that invest in gold bullion. |
Buy mutual funds that invest in gold bullion or gold mining companies. |
Buy sovereign gold bonds issued by the Reserve Bank of India. |
No Demat account is required. |
A Demat account is required. |
No Demat account is required. |
No Demat account is required. |
You have to pay only the price of the gold and the making charges (if any). |
You can invest via a stockbroker that can levy asset management charges and brokerage fees. |
A fund management charge is levied by the Asset Management Company. |
You’re required to pay the price of the bond and nothing else. |
Fluctuations in gold prices may affect the value of physical gold. |
Market fluctuations may impact your investments. |
Changes in gold prices do not affect the value of gold mutual funds. |
Safer investment avenue that provides assured returns. |
No paperwork is required. |
Paperwork is required. |
Paperwork is required. |
Minimum paperwork is required. |
Documents Required to Invest in Gold
No documents are required to purchase physical gold worth less than Rs. 2 lakhs
For purchasing gold worth Rs 2 lakhs or more, you may have to submit your PAN card to the seller
For investing in Gold ETFs, you will need to have a Demat account
For investing in gold mutual funds or sovereign gold bonds, you will need to submit your KYC documents, including your PAN card, Aadhaar card, Voter ID card, and/or Passport
Benefits of Investing in Gold
Investing in gold offers several benefits to investors. First of all, it is not as risky as the stock markets. Secondly, investing in gold has historically provided inflation-beating returns with zero or very less chances of capital depreciation in the long term. And thirdly, it offers high liquidity as you can sell your gold anytime to liquidate your money.
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