February 20th, 2010 
Malvika
Today when Property is unsafe, Dollars are fluctuating and Euro is unstable.
Then everyone thinks about what to do now. If you are in a dilemma then here is the great solution. You can in the precious metal fund or the gold fund.
About the gold funds
If you want to invest money in a safe and secure way, then the latest word is gold funds. It is a type of mutual fund where most or all of the money is invested in funds, related to the gold mining or gold refining. A unit of gold exchange trade fund is approximately equal to a gram of gold.
Beginning of gold fund trading
In India it was first proposed to SEBI, in 2002 by Bench Mark Asset Management Company Private Ltd. Though proposed in 2002, it was actually launched in 2007. Australian Stock Exchange marketed it first in 2003. It started as a protection from financial instability and ill health.
The trading
In gold, everything is shining. The present fluctuation of gold price is positive. A big part of investors’ money is used to buy real gold and funds related to gold. The value of the fund is expressed in net asset value. So we can invest money in Gold, any time.
Who can invest?
Most of the gold ETF is done through NSE. So, one who has an NSE broker can do the trading. The traders assure that it is safe to invest around 5 to 10% of your savings in this – precious metal fund. It has given 7–8% returns in the past. It is only second to property and equities.
Taxes
Unlike mutual funds gold funds are not tax free. Capital gains tax and indexation benefits are to be paid. The gold is obviously the new investment mantra is here to stay. Invest in it for prosperity with peace of mind.
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