The exchange-traded fund ticks all boxes as an efficient tool to track gold prices. In the past six months, the domestic price of gold has slipped nearly 11 per cent amid a strengthening rupee, falling global gold prices and reduction in customs duty.
Why are gold BeES down?
The changes in interest rate, dollar value, geo-political events etc have a big role to play in the gold asset price. If US interest rates remain low, the gold price will tend to move up but if yields rise as is seen in current times, the gold price tends to drift down.
How do I buy Goldbees?
For investing in the Gold BeES, investors need to have a demat account and a broking/trading account with a registered stock broker. During the NFO period, there is a variable entry load structure based on the investment amount.
What happened to Reliance Gold ETF?
Reliance Mutual Fund has decided to temporarily suspend the sale of units for subscription in Reliance Gold Savings Fund, with effect from today - August 1, 2013. The move by Reliance Mutual Fund is certainly indicative of the actions that will be taken by other fund houses as well with regards to their gold ETFs.
What is Reliance ETF gold BeES?
Nippon India ETF Gold BeES is an open-ended gold exchange traded scheme. As per the scheme description, a minimum of 95% of the assets will be allocated to gold-related and physical gold instruments, while a maximum of 5% of the investment will be directed to money market instruments.
Should I buy gold BeES?
Nippon India ETF Gold BeES is a good option on account of it being the most liquid and actively traded gold ETF. This must be seen in the context of the ETF being the biggest in terms of assets (₹5,519 crore) and having the highest six-month average daily turnover of ₹20 crore (NSE).
Which is better gold BeES or gold ETF?
As per the tax and investment experts, Sovereign Gold Bond and Gold ETF (Exchange Traded Fund) are suitable for two different types of investors. They said that those investors who want to invest for short-term keeping liquidity in focus, Gold ETF is better as it allows an investor to liquidate ones money at its will.
What are Nippon gold BeES?
The investment objective of Nippon India ETF Gold BeES is to provide returns that, before expenses, closely correspond to the returns provided by Domestic price of Gold through physical gold. There can be no assurance or guarantee that the investment objective of the Scheme will be achieved.