Axis Bank Gold ETF Review

Axis Bank Gold ETF Review

Axis Bank has recently launched its own Gold ETF (Exchange Traded Fund). So now after Benchmark, Reliance and Kotak, The Axis bank will also have its own gold etf in which the investors can invest money.

The main advantage of the gold exchange traded funds is that, they primarily invest in the the physical gold on your behalf. 1 unit of gold exchange traded fund closely tracks the price of 1 gram (or sometimes (1/2 gram) of gold.

So if your pure purpose of buying gold is the investment purpose than you can invest in gold etf. The gold etfs also save wealth tax as the gold is not in your possession.

The minimum investment in Axis bank gold ETF is Rs.5000.

Axis Gold ETF is the seventh Gold ETF fund in India. And since past 3 years we are witnessing the gold price shooting up to the sky because of the quantitative easing by the US Federal government.

The world economy is full of liquidity right now and that’s why Axis gold fund is the right fund for the investors who want to invest in gold.