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No Sense in Switching Gold Funds

All gold ETFs and gold funds are alike. Switching funds within the same asset class won’t increase gains...

I have invested in HDFC Gold and HDFC Top 200. My gold fund investments are currently making losses. Should I switch to some other gold fund?

All gold ETFs and gold funds are alike as they invest in the same commodity. So, moving from one gold fund to another won’t make a difference to your investments. We don’t recommend investments in gold anyway. Gold isn’t a viable long-term investment. Hence, we would recommend that you move your investments in the gold fund to either an equity fund or a balanced fund. You can invest more in HDFC Top 200 itself, or pick a well-performing balanced fund if you're a risk averse investor.

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