India has long been a land of tradition, and one of the ancient traditions dictates that gold be purchased in some form as a celebration of a festival. These forms included physical bullion forms like bars or coins and jewellery, but now it can be made online via Gold ETFs. Technological evolution has made it easier for investors to make online investments efficiently. ETF has also increased benefits like affordability as it allows small ticket expenses. It also extends tax benefits that are crucial in filing tax returns.
“As part of asset allocation, some part of your portfolio should be invested in gold. Traditional ways of investing in gold were jewellery; however, today, if you are not in need of jewellery, you have the option of investing through gold ETFs and gold Mutual Funds, which are easier to invest in the denominations or form that are convenient for the investor. That is dematform or the mutual fund form.” Said Chintan Haria, Principal Investment Strategy, ICICI Prudential AMC. He continues to explain digital gold investment options and the increased affordability that every type of investor has without being worried about key risks like purity or storage issues.
Learn more from the expert and watch the video about how investors can diversify within the asset class of gold.
