Winning Bizness Desk
Mumbai. As financial literacy spreading its wings, everyone nowadays chooses the option of investment for the future and one of them is gold investment. One of the best options currently available for gold investors is gold ETFs as it is an exchange traded fund. This helps you to know the actual prices in the country. Gold ETFs can be a great option for investors who want to invest in gold, but don't want to go through the hassle of storing that investment. This can help you get many benefits of gold investment in digital form. Also in this investment you do not need to pay any kind of installment, so investors can benefit from this investment.
Invest even by buying 1 gram gold ETF
You can invest even by buying 1 gram gold ETF and after that you can invest more in ETFs as per your requirement. Experts have said that the main function of ETFs is to tell investors the right price of gold. Hence it is also said that the ETF route is always profitable as compared to other routes of investing in gold. Therefore, it is also said that investors can rest assured about this investment. While choosing the right gold ETF, look at the expense ratio of the gold ETF, as the lower the ratio, the better the investment is likely to be. The returns from gold ETFs are in the form of short-term or long-term gains. Long-term gains are taxed at 20 percent while short-term gains accrued to the investor's income are taxed according to the tax structure.
Read the rules of the ETF before investing
The cost of trading activities is determined by the value of your assets. So you need to choose the ETF according to the trading volume. Some people do not face much fluctuations while trading, while others face hourly price ups and downs at times. Investors are also advised to read the rules of the ETF before investing. Sometimes investments may incur additional fees which may also increase your transaction fees. For those who want to invest through digital means, ETFs can be a great investment option.
