Discount of 3% on offer for the ETF which consists primarily of bluechip stocks. The NFO opens on Wednesday.
If you wish to invest in gold, you could do so with both the ETF and the gold fund
You will need to sell the gold that you have and then deploy the proceeds from such sales into gold ETF
ETFs are available on stock exchanges and you can even buy a minimum of one ‘share’
The key difference is that ETFs are available on the exchanges on real time Net Asset Value basis
Each category of mutual fund is suited for a particular purpose based on the investor’s risk profile
Both the options have advantages depending on the convenience that an investor seeks
All gold ETFs currently charge around one per cent as expenses
Use this opportunity to invest in government's ten Maharatnas and Navaratnas
The short-term capital gains on units held for less than 36 months will be added to your income and taxed.