Skip to main content

Featured Post

How to Pick Mutual Funds That Beat the Market

  Smart Strategies for Investing in Mutual Funds: A Guide to Maximising Your Returns One of the most well-liked investing options for people looking for expert management and diversification without having to choose individual equities is a mutual fund. One of the easiest ways for people to accumulate wealth over time is through mutual fund investments. Mutual funds combine the capital of numerous individuals to invest in a diverse portfolio of stocks, bonds, and other securities, in contrast to direct stock market investing, which necessitates considerable time, study, and risk tolerance. Mutual funds are a well-liked option for both new and experienced investors due to their expert management and diversification. But merely investing in a mutual fund and crossing your fingers seldom yields the best outcomes. A comprehensive approach that matches the appropriate fund selection and management strategies with your financial objectives, risk tolerance, and investment timeline is nece...
Post a Comment

Investment in GOLD | Investing in gold through Pager Gold is a profitable deal

 

Investment in GOLD | Investing in gold through paper Gold is a profitable deal



Due to the global economic uncertainty due to the COVID-19 epidemic, there has been an increased interest in gold as a safe investment. In such a situation, you too can earn better profits by investing in gold. For this, mutual funds can also be resorted to. With their help, you can invest in yellow metal in many ways like Gold ETF, Gold Fund, Multi-Asset Allocation Fund and International Gold Fund. The special thing is that through these methods you do not buy physical gold but invest in paper gold, which has many benefits. In this, you do not have to pay the making charge or premium nor worry about the safety of gold. However, experts believe that its share in the portfolio should not exceed 10-15 per cent.

 

Gold Fund: Like any other mutual fund, you can also invest in a gold fund. It is an open-ended mutual fund scheme that invests in units of gold ETFs. You do not need a Demat account to invest in it. The special thing is that like any other mutual fund, you can invest in gold from the gold fund and redeem it. Every gold fund has given over 30 per cent returns in a year.

 

Gold ETFs: Gold exchange-traded funds (ETFs) are funds that invest in gold. This is an economical way to invest in gold. It can be bought and sold on stock exchanges like common shares. An investment in gold ETFs requires the purchase of at least one unit, which is equivalent to one gram of gold. On selling it, you get not an amount of gold but an amount equal to the market price of the time. The special thing is that the returns are about 7 times more than the fixed deposits. Gold has given more than 37% return since December 31, 2019, while FD gets 5-6% interest.

 

International Gold Fund: Investing wisely one can also invest in gold through this. However, only some international gold funds are available. It invests in units of foreign gold funds. Mutual fund investors believe that these funds are very risky, which are not suitable for retail investors. According to him, only those who understand the international market better can invest in it.

 

A diversified portfolio, it is a hybrid category of mutual funds. It invests in multiple asset classes simultaneously. For a multi-asset allocation fund, it is necessary to invest at least 10-10% of the portfolio in each asset class. This leads to diversity in the portfolio. In this way, a fall in one asset class compensates for another asset class. Gold is a better option for safe investment. Its prices have increased rapidly in the last few months. Last week, it reached the level of Rs 56,000. However, there was a slight decline after that. But, due to the circumstances caused by COVID-19, the US elections and the ongoing tension between the US-China, gold will remain bright.


Labels:

Comments

Post a Comment

Popular posts from this blog

Know All About Sovereign Gold Bond Scheme (SGB)

    The first time Sovereign Gold Bond Scheme was first introduced by the Government of India in the Union Budget of 2015-16. It was introduced by the Government of India to reduce the demand for the physical gold form and a part of this physical gold is bought every year in the form of gold bands for the purpose of invest in SGB.   Latest on Sovereign Gold Bond Scheme    A tenth tranche of the buy SGB Series – The Sovereign Gold Bond Scheme 2021-22 - Series X in which the Reserve Bank of India (RBI) sell gold bonds linked to the market price of gold on behalf of the government made available for investment will be open for buy SGB for the period from February 28th to March 4th.   What is Sovereign Gold Bond?   The Sovereign Gold Bond is an initiative taken by the Government of India to reduce the demand for physical gold as per the Reserve Bank of India as the increasing import of gold is affecting the growth and investment of India. Large quantities ...
Post a Comment
Read more

Know that senior citizens get many special concessions in income tax

  People above 60 years of age, i.e., senior citizens, not only get the benefit of income tax exemption but also receive special relief from income tax on investments and returns. Elderly citizens do not have to pay any income tax on income up to Rs 3 lakh.   Exemption in tax limit under 80C limit: The tax exemption limit for old citizens in a financial year is Rs 3 lakh, while a common man gets tax exemption only up to Rs 2.5 lakh. For very senior citizens who are above 80 years of age, it is Rs 5 lakh. That is, if the annual income of a senior citizen is up to Rs 3 lakh and TDS has not been deducted, then he need not file an income tax return. Similarly, very senior citizens need not file income tax returns if they do not have an annual income up to Rs 5 lakh.   If the age is more than 75 years then no return is required: Those above 75 years of age are not required to file tax returns. There is no any need to file ITR for people above 75 years of age who are ...
Post a Comment
Read more

SEBI introduces a new category of funds flexi-cap in mutual funds

  Securities and Exchange Board of India (SEBI) has introduced a new fund category, Flexi-cap, in mutual funds. According to the circular, mutual funds in this category need to invest at least 65 per cent of the portfolio in equities. However, there is no restriction in terms of allocation to market capitalization range and they can dynamically shift across large-cap, mid-cap and small-cap. So, effectively, the new category of the fund in a mutual fund is how SEBI used to define the multi-cap category until it changed the category's mandate.   On September 11, 2020, SEBI issued a circular informing about the change in the mandate of the multi-cap fund's category. According to the new guidelines of SEBI, multi-cap funds need to allocate 25 per cent of the portfolio to each-large-cap, mid-cap and small-cap stocks, increasing the minimum equity allocation to 75 per cent. AMC has been given time until January 2021 to make the required changes in the portfolios of their multi-c...
Post a Comment
Read more