Gold ETFs are exchange traded funds offered by mutual funds that invest in gold bullion. Let us understand what an ETF is? An ETF is an Exchange Traded Fund that is traded on major stock exchanges like NSE or BSE. Gold ETFs are special types of exchange-traded funds (ETFs) that track the prices of gold and invest in gold.
Gold Exchange Traded Funds (GETF) are the latest trend in investment strategies. These are known as GOLD ETFs. These ETFs primarily invest the money they have collected in the bullion market. Gold ETF first came into existence in India during the second quarter of 2007. Investors need DEMAT account and trading account to buy or sell these ETFs. The pattern is same as for stock trading. In India, there are about 11 Gold ETF companies listed on NSE and BSE and the number is raising year after year as investors are finding it more convenient. Following is the list of Gold ETFs in India and their symbols in NSE / BSE exchanges:
- Axis Mutual Fund - Axis Gold ETF - Axisgold.
- Benchmark Mutual Fund - Gold Benchmark Exchange Traded Scheme - Goldbees.
- Birla Sun Life Mutual Fund - Birla Sun Life Gold ETF - Bslgoldetf.
- HDFC Mutual Fund - HDFC Gold Exchange Traded Fund - Hdfcmfgetf.
- ICICI Prudential Mutual Fund -ICICI Prudential Gold Exchange Traded Fund - Ipgetf.
- Kotak Mahindra Mutual Fund - KOTAK Gold Etf- Kotakgold.
- Quantum Mutual Fund - Quantum Gold Fund - Qgold.
- Reliance Mutual Fund - Reliance Gold Exchange Traded Fund - Relgold.
- Religare Mutual Fund - Religare Gold Exchange Traded Fund - Religarego.
- SBI Mutual Fund - SBI Gold Exchange Traded Fund - Sbigets.
- UTI Mutual Fund - UTI Gold Exchange Traded Fund - Goldshare.
- No theft concerns as like in physical gold
- One can buy and sell any quantity starting from minimum 1 unit.
- Fund houses charge minimum transaction charges and it is very less comparing to making charges of Jewellery shops.
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Sensex bounced exactly from the level of 16990, I had mentioned that sensex could hit 16969, sensex bounced exactly from 16990.
August will be volatile month and will see turbulent markets, the present correction would end in September, when markets take off in a big way.
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