Gold Investment on Diwali: Should we invest in gold this Diwali: The scheme opened for application on 16 October 2024. It will close on 22 October 2024. The minimum investment amount in this NFO has been kept at Rs 5,000, while through Systematic Investment Plan (SIP), one can start investing with a minimum of Rs 99 every month.
Gold Investment on Diwali: Investors in this scheme introduced under the name of Mirae Asset Gold ETF Fund of Fund can invest in gold without the hassles associated with buying or storing physical gold. Overall, Mirae Asset Gold ETF Fund of Fund is an easy and inexpensive way to invest in gold. If you want to give some stability to your portfolio amid market fluctuations and hedge against inflation, then this NFO can be a good investment option for you. However, the risk level of this scheme has been kept ‘high’ on the riskometer, so check your risk taking ability thoroughly before deciding to invest in it.
Mirae Asset Mutual Fund has introduced a new fund offer (NFO). New Fund Offer (NFO) – is open on Wednesday, October 16, 2024 and will close on October 22, 2024. The minimum investment amount in this NFO has been kept at Rs 5,000, while through Systematic Investment Plan (SIP), investment can be started with a minimum of Rs 99 every month.
This is an open-ended fund that will invest in units of Mirae Asset Gold ETF. Its main objective is to provide capital growth to investors in the long term. This is a good option for those investors who want to invest in gold but want to avoid the hassle of buying and keeping physical gold.
Important things about NFO- When will the scheme reopen- It will open on 28 October 2024. Minimum Investment: Rs 5,000, and thereafter in multiples of Rs 1. Additional Minimum Investment: Rs 1,000, and thereafter in multiples of Rs 1. Linked ETF: Mirae Asset Gold ETF.
Through this fund, you can take advantage of the rise in gold prices by investing in gold ETFs without the hassles associated with buying physical gold. The units of Mirae Asset Gold ETF, which will be invested through this scheme, are linked to investment in gold of 99.5% or more purity certified by the London Bullion Market Association (LBMA). Therefore, investors can get the option of better returns without the risks like storage and purity associated with buying physical gold.
For this reason, investing in gold is considered a better way of diversification in the portfolio for investors. Investing in this fund can also bring stability to your portfolio, especially in times of economic uncertainty, as gold often performs better during market volatility and inflation. This is why gold is considered a strong and safe investment.
This fund is a better option for investors who want to take advantage of the potential rise in gold prices, but want to invest in gold ETFs instead of physical gold. It is also a good option for investors looking for capital growth in the long term. The advantage of investing in Gold ETF Fund of Funds instead of investing directly in Gold ETFs is that investors can easily make regular investments through SIP. Whereas ETFs do not have the facility of SIP. The minimum amount of SIP in Mirae Asset Gold ETF Fund of Funds is only Rs 99, which makes investing in it even easier. However, the expense ratio in ETFs is very low.
Related Articles:-
Top CNG Cars: These are the 10 CNG cars that give the most mileage, know details
Atal Pension Yojana: Get Rs 5000 pension by save only Rs 7 per day, know scheme details
Cash Withdraw from Aadhaar Card: How to withdraw cash from Aadhaar card, know full process
