Queries

Gold ETFs Are Good For Long-term Investment Vinod Kumar, North Paravoor I want to build a long-term portfolio for my daughter. Please suggest a good combination of gold exchange-traded funds (ETF),  mutual fund systematic investment plans (SIPs) and stocks. Considering that you want to make a long-term investment that is for more than 10 years, gold ETF is a very good alternative asset class to buying physical gold which has disadvantages such as storage risk and extra making charges if it is in form of jewellery. ETFs are cost-effective, liquid, tradable, and long-term hedges against inflation. They can also be bought in small denominations to accumulate over the long term. Like any equity, there is a risk factor of NAV fluctuations in it but it is tax-effective. It attracts long-term capital gain tax. There are a few asset management companies whose gold ETFs have given good...