Is it worth investing in gold funds in India in 2021?
The fundamental reason for investing in gold funds in 2021 is to create wealth during the investment tenure and diversify the portfolio and minimising the market volatility risk.
Investors can buy/sell the gold ETF units according to their own convenience. Gold ETFs in India do not have any lock-in periods, thus offering liquidity to an investor’s mutual fund https://urzadzajzpasja.pl/
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https://polskiewyprawy.pl/ portfolio. Because gold funds in India can be owned and traded in digital format, this keeps them safe from theft and also provides security to the investor.
Taxability
In India, investments in gold mutual funds in India for more than 3 years are regarded as long-term. The LTCG on gold is taxed at a 20% rate while short-term capital gains (STCG) are taxed at the appropriate the slab rate applicable to the investor.
Who should invest?
In India, Gold funds are an excellent way to diversify one’s portfolios; thus helps to minimise the downside risk
As of 2021, with reference to gold funds in India, one should remember that gold is not just another investment. Gold funds in India can also be used as risk reducing portfolio diversifier against economic shocks because of its negative corelation with other asset class. Many individuals diversify their investment portfolio investing a part in gold funds to diversify portfolio investments from the fluctuating market. However, investing large sums even in the best gold funds in India to avoid fluctuations may not be a wise move. In fact, it could be counterproductive. Ultimately, one should invest according to one’s financial goals with the help of a good financial advisor.
Disclaimer: The views expressed here in this Article / Video are for general information and reading purpose only and do not constitute any guidelines and recommendations on any course of action to be followed by the reader. Quantum AMC / Quantum Mutual Fund is not guaranteeing / offering / communica