Are there any GOLD ELSS funds which can help me save tax too?

I was keen to know if there exist any gold investments which help me save tax when invested for a particular lock in period. Also considering todays conditions of the market is it wise to invest in gold? or Mutual funds?

asked May 26 '12 at 09:17 by Amit Patil 1111


there is no such Gold ELSS fund in the market. Not more than 10 percent of your portolio should be allocated to gold. and buy the gold thru ETF(GOLD BEES). if you have a demat account. if you dont have a demat account buy some gold mutual funds are there.

We can use mutual funds for achieving our long term goals.

answered May 26 '12 at 21:56 by vignesh 94671423


Know someone who can answer? Share a link to this question via Email, Twitter, or Facebook

Your answer
toggle preview

Follow this question

Once you sign in you will be able to subscribe for any updates here

Markdown Basics

  • *italic* or __italic__
  • **bold** or __bold__
  • link:[text]( "title")
  • image?![alt text](/path/img.jpg "title")
  • numbered list: 1. Foo 2. Bar
  • to add a line break simply add two spaces to where you would like the new line to be.
  • basic HTML tags are also supported



Asked: May 26 '12 at 09:17

Seen: 2,659 times

Last updated: May 26 '12 at 21:56