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Hi, I heard that reliance has launched Gold SIP.I need to know whether it is a viable option asked Feb 17 '11 at 10:55 by Vinay P 1●3●3●3 |
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Reliance Gold savings fund is a open ended mutual fund (you may purchase and redeem anytime) that will invest into Gold. You can start a SIP as well. There is no entry load on investment, but there is an exit load of 2% if redemption/switch is done before one year. Till now, Gold could be bought through ETF (exchange traded funds) or e-gold, both of which needs demat account to transact. Also there was no option for a SIP in these methods. If you want to diversify your portfolio by adding gold investment, this fund will be good option. But as its a new fund, there is no history of performance and as of yet it cannot be compared with returns from Gold ETFs. Only time will tell its performance. If you already have a demat account, I would advise you to invest in Gold ETFs, as they directly move with gold prices and there are not much management charges. answered Feb 18 '11 at 14:00 by Pankaj Batra 5.2k●3●20 |