Gold is one of the most preferred way of investing for Indian more so because it has got huge emotional quotient (EQ) in our hearts. Gold gives a feeling of financial security. Besides Gold is the best and age old hedge against inflation. most liquid form of investment, universal acceptance. We Indians do tend to weigh our financial status with how gold we own.
But with that EQ also comes question of storing gold securely, purity checks, implication of wealth tax, income tax implication by way capital gains etc. Now with introduction of Exchange traded fund for golds since past couple of year this issue can be handled more efficiently. Yes by having gold in DEMAT (Dematerialize) form through Gold Exchange traded fund
Gold exchange traded fund offers investors an innovative, cost-efficient and secure way to access the gold market. Gold ETF is intended to offer investors a means of participating in the gold bullion market without taking physical delivery of gold,and to buy and sell on National Stock Exchange (NSE).
Gold ETF usually provide returns that closely correspond to the returns provided by domestic price of gold through physical gold
• Low cost way of investing in gold
• Excellent Diversification for Portfolio
• Quick and Convenient Dealing for investors
• No Storage & Security Issues
• Transparent Pricing
• Taxation of a Mutual Fund
• Listed and traded on NSE just like a stock-Easy
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