Are you looking for investment options, here's a best opportunity for you to invest your money in 'GOLD'. Below is the details mentioned for the benefits & details regarding 'GOLD FUNDS'.
GOLD SAVINGS FUND:
Gold Savings Fund opens a new avenue for investing in gold as an asset class. The Fund seeks to provide returns that closely correspond to returns provided by Gold Exchange Traded Fund (GETF) which in turn invests in physical gold. It enables to reap returns of gold in paper form without the need of a demat account.
What are the benefits of investing in Gold Savings Fund?
1. Gold Savings Fund opens a new avenue for investing in gold. This fund enables to reap returns closely to returns provided by Gold ETF.
2. “Open door for non – demat a/c holders: Investors can invest in this fund through the physical mode across the country thereby making it easily available and convenient for non demat a/c holders”
3. This investment technique enables you the following benefits: Small, regular investments: A simple way to enter the market by investing small amounts. Small but regular investments go a long way in creating wealth over time
4. Availability of add-on facilities: Ease of availing add on facilities like Systematic Transfer Plan/ Systematic Investment Plan/ auto switch /trigger facility etc.
5. Liquidity: An investor of Gold Savings Fund can subscribe and redeem units on all business days directly from the AMC, while purchase and sale of gold ETF units is a factor of liquidity on the exchange.
6. Ease of investing: Investing in gold through Gold Savings Fund, the investor can directly subscribe/ redeem units thorough 'ONLINE PLATFORM' provided by us.
7. Cost Effective: Investing in gold through the gold Savings Fund in physical application mode enables you invest in a low cost manner as the investor does not have to incur charges like annual maintenance charges for demat account , delivery brokerages charges, transaction charges incurred for investing through the dematerialized mode.
8. The investors will be bearing the recurring expenses of the scheme, in addition to the expenses of underlying Scheme.
9. Taxation Benefits: Investments in the fund are eligible for long term capital gains tax after 1 year of investments whereas in case of physical gold the investor is eligible for long term capital gains after a period of 3 years. The investments in the fund get similar taxation as debt mutual fund schemes.
10. Wealth Tax Benefit: Investments in Gold Funds carries a exemption of 'Wealth Tax' whereas physical gold does not carry this benefit.
Why should one invest in Gold Savings Fund?
§ Gold Savings Fund provides an easy and a convenient way for Portfolio Diversification
§ Opens doors for non –demat account holders as it provides the facility to invest through the online medium
§ It enables you to avail long term taxation benefits from 1 year unlike physical gold wherein long term taxation can be availed after 3 years
§ The fund invests in Gold ETF which in turn invests in physical gold of purity of 99.5 % or higher, thereby relieves you of any impurity concerns.
§ The gold invested in Gold ETF is stored with the custodian; hence you need not worry about the storage cost.
Want to invest in this fund? We provide personalized services at your place. If yes contact Sanjeev Chandran +91 9994049977 / +91 92824 00328
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