|Mutual fund schemes for gold investments
Through mutual funds one can invest in gold asset class. The fund may invest 100% in gold asset class through gold ETF. It enables to reap returns of gold in paper form without the need of demat account.
It is passively managed fund which would enable an investor to save for gold in convenient manner either through lumpsum investment & through SIP (systematic investment plan) the mutual fund way from a long term perspective. It will give investor the opportunity to participate in bullion market in a relatively cost effective and convenient way as one can purchase and sell units directly with the amc.
The fund houses may also invest partly in gold asset class and balance in asset classes like equity and/or debt as per the scheme objective.