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Gold ETF normally invest in Gold or equity of Gold mining companies. Some ETF go for only Gold in their portfolio. Some ETF maintains a ratio between Gold and other debt instruments and fixed deposits. Since it is linked to market, it is prone to variation in price. Some time the value of the ETF may go up than that of Physical Gold. Some time the value decreases. Volume of the ETF traded in the exchanges also play a part in the valuation of the ETF. Each unit of ETF represent a certain grammage of Gold. When you a unit ETF , the company buys certain grammage of Gold.
Bench mark, Kotak, Sbi, Icici, Axis, Reliance, Quantum, Hdfc, ICICI, Birla Sun Life etc..are the main companies in Gold ETF. The NAV of Gold ETFs changes among companies because of the volume traded in the market and proportion of Gold to other instruments maintained by them. When you are selecting a Gold ETF go for the one having enough liquidity in market, so that you can sell the units whenever you like. By this route you are not prone to liquidity based price risk. You will be getting the market rates prevailing at that time.
Gold ETF have expense ratio of 1% to 3 %. It is much less compared to Gold ornaments or Gold coins. You can sell the entire units in a day. That too sitting in your home through internet. No need for the lump sum investment. You can start investment in Gold ETF from Rs.5000 onwards. You can gradually build your Portfolio. Through systematic route you can average your purchase price of Gold.
Happy Investing!!
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