Thursday, August 13, 2015

COST OF INVESTING IN GOLD

INVESTING IN GOLD
 
1. Gold ETFs

These are the cheapest form of paper gold. The annual charges range from 0.5% to 1.2% of the AUM. But you also need to have a demat and trading account to be able to invest in ETFs.

 

2. Gold funds of funds

These are funds that invest in gold ETFs. Don't be misled by the low expense ratio of 0.5-0.6%. Your real cost is higher because you will also be paying the expense ratio of the ETFs in their portfolio.

 

3. Bars, coins, ornaments

When you buy a gold bar or coin from a bank, the mark up can be as high as 10-15% of the gold value. In jewellery, the making charges can be up to 25% of the gold value.

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1.ICICI Prudential Tax Plan

2.Reliance Tax Saver (ELSS) Fund

3.HDFC TaxSaver

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.IDFC Tax Advantage (ELSS) Fund

9.Axis Tax Saver Fund

10.BNP Paribas Long Term Equity Fund

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds

Invest in Tax Saver Mutual Funds Online -

Invest Online

Download Application Forms

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

---------------------------------------------

Leave your comment with mail ID and we will answer them

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Leave a missed Call on 94 8300 8300

---------------------------------------------

Invest Mutual Funds Online

Invest Any Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

0 comments: