Kindly let me know the best MIPs. I have a 1-3 year time frame. Is it advisable to invest in Gold ETFs?
- Dharamdev Saini
HDFC MIP Long Term, HSBC MIP Savings, Reliance MIP and Canara Robeco MIP are four good options to make your choice from. Investors can diversify the risk of a portfolio by including various asset classes into it. If you want gold to be part of your portfolio, a Gold ETF is the best avenue to explore. It's the closest you can get to an investment in physical gold. You will need a demat account to invest in an exchange traded fund (ETF) since the units are listed on a stock exchange. The other gold funds (AIG World Gold Fund and DSPBR World Gold) invest in stocks of gold mining companies and are much more volatile.
This article was originally published on July 21, 2010.