What is a gold saving fund? It is actually a fund of fund which invests in the ETF of the same mutual fund. So, practically you are not investing directly in ETF but investing through gold saving fund. The advantages are many. If you were to compare investment with physical gold for example you don't have to worry about purity of the gold because that is well taken care of by the fund house, you don't have to buy in large quantities. One unit is equal to one gram of gold, so you can buy even in smaller quantities. There is ease of buying, you don't have to go to jewellery shop every time you want to buy, you just can buy one or two units and you can accumulate gold over a period of time which could be for your child's wedding. So, there are many advantages as far as the gold saving funds are concerned. However if you were to compare that with ETFs may be the costs can be a little bit of a factor because the cost can be slightly higher but if you go deeper into it, if you work out all the costs which are involved in ETF, for example you have to have a demat account, so there is going to be a maintenance charge, there is going to be a transaction charge. In the long run you may not actually see much of a negative in terms of cost from gold saving funds.
So, for me if you are an investor who wants to participate in gold and want to accumulate gold, are not aware of how to invest through the market, do not want to open a demat account, I think gold saving fund is the best option for you.
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