Now here's your chance to add some glitter to your portfolio. Presenting the Birla Sun Life Gold ETF, which invests on your behalf in Gold having purity of 99.5% or higher, sourced from London Bullion Market approved refiners.
Gold ETF is an excellent option for having exposure to Gold as an asset class due to the following reasons:
- Potentially cheaper to have price exposure to gold price as compared to other available avenues
- Quick and convenient dealing through Demat account. Can be traded on stock exchange like buying / selling a stock.
- No storage and security issue for investors
- Transparent pricing
- Taxation of non-equity Mutual Fund. No Wealth Tax.
- Ideal for accumulation as minimum lot size to trade is one unit of Gold ETF which is approximately equal to one gram of Gold.
- Facility of conversion of units to Physical Gold Provided by some market participants# (refer product note).
New Fund Offer for the scheme opens on 25th Apr 2011 and closes on 09th May 2011.
The Fund will be managed by Mr. Satyabrata Mohanty.