Because of the weak Dollar, the demand for Gold has been risen. In fact, India is the world’s largest consumer of Gold. As Governments and Central Banks all around the world are printing more and more money in the economy, the value of currencies is going down world wide.
And that’s why once again the Gold is in Demand. And thus the Gold Mutual Funds India.
Basically there are 2 types of Gold Mutual Funds India.
01) Gold ETF Fund – These are the funds which actually Invest in the Gold itself. It is the Paper Gold nothing else. Means each unit of such funds track the price of 1 gram of Gold. So owning 1 Unit of Gold FETF Fund means you are the owner of 1 Gram of Gold.
02) Gold Funds – These are the funds which does not invest in the metal Gold it self. But these are the Sector funds which invest in the Stocks of Gold Mining companies world wide. So these are basically Equity funds specialized in Gold Mining Sector.
Following are the Best Gold ETF Mutual Funds of India -
01) Kotak Gold ETF
02) Reliance Gold ETF
03) UTI Gold ETF
04) Gold Benchmark ETF
05) Quantum Gold ETF
06) SBI Gold ETF
In short, all of the above are the Best Gold Funds of India. Investing in these Mutual Funds is worth it…!!!
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