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Gold ETFs: Gold is considered a very important commodity in India since time immemorial. People have come to consider investing in gold as very beneficial since the very first time. With the changing times, although many options have come for investment in the market, but even today people like to buy gold very much.
There was a time when gold could only be bought in physical form, but now you can buy it digitally or through gold ETFs as well. When you buy gold ETFs, the worry of storing it goes away. Even in this time of inflation, people are very much like to invest in Gold ETF.
Today the festival of Dhanteras (Dhanteras 2022) is being celebrated all over the country. Investing in gold on this day is considered very auspicious. If you do not want to buy gold this Dhanteras in the traditional way, then you can invest in Gold ETFs. In this you can get maximum return in less money. Let us first know what is Gold ETF and how beneficial is investing in it-
What is Gold ETF?
Gold ETF is a mutual fund scheme in which you can buy gold unit wise. By selling it according to your need, you can get the price of gold according to the market. The biggest advantage of buying this gold is that you can buy gold ETF according to your need for less money. You need to have a demat account to buy this gold.
These benefits are available on buying Gold ETF-
- You can buy gold units as per your need.
- You can start investing with a minimum of Rs 50.
- By buying this gold, there is no worry of missing gold or keeping it.
- You do not have to worry about buying fake gold.
- You will not have to pay any other kind of fee to buy this gold.
- If you invest more than 3 years in this gold, you put the income by this in the long term gain category. In such a situation, it also helps you in tax exemption.
Things to keep in mind before buying Gold ETFs
The prices of gold ETFs also keep on increasing and decreasing like the gold price of the market. In this investment also you buy gold which is not physical. In such a situation, this purchase also depends on the market risk. By investing in this gold, you can enhance the brightness of your portfolio this festive season.
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