I am planing to buy gold after 1 or 1 and 1/2 year. is it good idea to invest in gold fund through SIP now till 12/18 months. if yes please suggest few gold fund. if no then where to invest . Thanks in advance
1 Answers
Its advisable not to invest more than 10-15% of your investment amount into Gold. If you have already invested in equities/equity mutual funds, then only we would advise you to put your money into gold.
If you have a demat/online trading account, It would be better if you can invest through Gold ETF (Exchange traded funds) rather than gold mutual funds.
All of the ETFs and Gold mutual fund buy gold on your behalf and hardly there is much difference among different funds offered by AMCs.
You can read more here: Gold ETFs v/s Gold Mutual Funds
sir i have to buy gold after 12 or 15 month from now. wouldn't it good to invest in gold fund however whether price is up or down i have to buy (for marriage).
If there is a compulsion to buy gold, then you can start SIP in gold funds so that cost of buying is averaged out in these 12-15 months.
please suggest me some good funds. Reilance,Kotak,HDFC which one should i buy?
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