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Gold ETFs And FoFs
Outlook Money
|November 2024
While Indians love to invest in physical gold, even mutual funds offer the option, but in paper format.
In India, gold funds are, typically, of two types-gold exchange-traded funds (ETFs) and gold fund of funds (FoFs). Gold ETFs track the price of gold and are backed by actual gold bullion, while gold FoFs invest in gold ETFs. A third type is World Gold FoF. It invests in stocks of companies involved in gold mining and production.
While you need a demat account to invest in gold ETFs, the other two options can be bought through fund houses directly.
TYPES OF GOLD FUNDS Gold ETFs: These track the price of physical gold, which is the underlying asset. The concept of gold ETFs was first introduced in India by Benchmark Asset Management Co.
Denne historien er fra November 2024-utgaven av Outlook Money.
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