I wish to invest in gold mutual funds through SIPs. Which is the best gold fund that I can invest in?
– Raj Kumar
There is a class of funds that invests in physical gold called gold exchange traded funds. Currently, there are ten gold ETFs that are listed on the major stock exchanges. One can buy and sell them just like you do with shares, but none of them offer systematic investment plans (SIPs) facility.
On the other hand, AIG World Gold and DSPBR World Gold (these are not gold ETFs), which invest in international funds that buy into stocks of mining companies involved in gold and precious metals, can also be looked at if investing in gold through SIPs is your goal.
This article was originally published on January 06, 2011.
Disclaimer: This content is for information only and should not be considered investment advice or a recommendation.
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