Curated By: Business Desk
Last Updated: October 23, 2023, 11:56 IST
To invest in Gold ETFs, you must first open a demat account.
Over the past year, certain Gold ETFs have yielded returns of as much as 19 per cent.
During the festive season, many people purchase gold. It is not only seen as a symbol of good luck but is also regarded as a secure investment option. If you’re thinking about investing in gold, you might consider Gold ETFs (Exchange-Traded Funds). Gold ETFs are open-ended mutual funds that track the fluctuations in gold prices and offer the added advantage of investing in stocks. Over the past year, certain Gold ETFs have yielded returns, of as much as 19 per cent.
Gold ETFs are akin to shares and can be traded on stock exchanges such as BSE and NSE. These ETFs allow you to purchase gold in the form of units, with each unit equivalent to one gram of gold. This method simplifies the process of acquiring gold in smaller quantities or via Systematic Investment Plans (SIP). It’s important to note that you don’t receive physical gold; instead, the gold units are credited to your demat account, giving you the flexibility to sell them at your convenience.
To invest in Gold ETFs, you must first open a demat account. The acquisition of Gold ETF units listed on NSE is exclusively possible through your demat account. When you buy these units, the funds are deducted from the bank account linked to your demat account. After placing the order in the demat account, the gold is credited to the ETF account within two days. When you decide to sell Gold ETFs, you can do so through your trading account.
As reported by the financial services platform Grow, certain gold ETF schemes in the country have delivered impressive returns, outperforming traditional bank Fixed Deposits (FDs). For instance, Axis Gold ETF has generated a remarkable return of 19.74 per cent in the past year, with a three-year average return of 16.44 per cent. Similarly, SBI Gold ETF has yielded a one-year return of 19.77 per cent and a three-year return of 16.37 per cent. These returns are approximately two and a half times higher than those typically seen in bank FDs.
Investors in Invesco India Gold ETF have also enjoyed strong returns in the past year, with a one-year return of 19.49 per cent and a commendable three-year return of 17.58 per cent. Nippon India Gold ETF has displayed a one-year return of 19.75 per cent and a three-year return of 14.64 per cent, further illustrating the favourable performance of certain Gold ETFs in the market. These returns make them appealing investment options for those seeking exposure to gold.
Where we collect the information from Source link
Disclaimer:- We include in each post a link to where each content on our website is collected from.If there is a complaint against any post please contact us directly.
Email: post-support.dailyfastnews24.com
You can also write on the popular online news portal dailyfastnews24.com. Writing topics feature, travel, lifestyle, career, IT, agriculture and nature. Send your entry today to [email protected]
advertisement:-If you would like to advertise on our website please contact us here.Our Ads team will contact you very soon.
Email: [email protected]
The cost of advertising:- 1 Post 100 USD Lifetime.
Thank you very much for visiting our website. Have a good day.