Wednesday, November 14, 2012

SBI Gold Fund

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Buy Gold Mutual Funds

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Call 0 94 8300 8300 (India)

SBI Gold Fund was launched by the country biggest bank and one of the biggest mutual fund company in August. SBI Gold have seen lot of interest among investors. This scheme will invest 95-100 per cent of funds in SBI Gold Exchange traded fund. It has got no entry load and the minimum amount of lump sum investment is Rs5000.

SBI Gold Fund also provides facility of Systematic Investment Plan. So if you are looking to invest your money in parts, so SBI Gold fund do provide this facility. To invest in a Gold ETF, you need a demat account but to invest in SBI Gold Fund, you are not required to have to demant account.

It's a fund of fund type mutual fund where money is invested in funds and not directly in the underlying equity or commodity. There is exit load of 1 per cent if you exit before 1 year from the date of purchase. As it is a fund of fund, so returns are expected less than GOLD ETF. So, if you have a demat account and want to invest in Gold, ETF could be a better choice for you.

I think most of investors are aware about it, but to make it clear, you will not get any physical gold by investing in GOLD Exchanges traded funds or Gold Mutual Funds. It has got its own advantage and disadvantages, if you are someone who would like to have that feel of possessing tangible, physical gold, then you will be disappointed. But if you are someone who want to invest in Gold simply because of the investment purpose and don't bother about its physical presence, then Gold ETF and Gold funds are better because you don't have to bother about their storage and security.

SBI Gold Fund is not the best but a good alternative for Gold investors in India 

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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

 

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

 

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

 

These Application Forms can be used for buying regular mutual funds also

 

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

1.      ICICI Prudential Tax Plan  Invest Online

2.      HDFC TaxSaver   Invest Online

3.      DSP BlackRock Tax Saver Fund   Invest Online

4.      Birla Sun Life Tax Relief '96 Invest Online

5.      Reliance Tax Saver (ELSS) Fund   Invest Online

6.      IDFC Tax Advantage (ELSS) Fund  Invest Online

7.      SBI Magnum Tax Gain Scheme 1993   Invest Online

8.      Sundaram Tax Saver   Invest Online

 
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    2. Gold Mutual Funds Invest Online
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