InvestorQ : What are the benefits of investing in gold funds? Please suggest some good gold funds.
Neha Sharma made post

What are the benefits of investing in gold funds? Please suggest some good gold funds.

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Deepali Khupte answered.
3 years ago
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Gold funds are mutual funds or exchange-traded funds that invest primarily in gold bullion or gold-producing companies. Gold funds are of immense value for investors as they help hedge against geopolitical worries and falling currencies.
If you invest in a gold fund, you avoid the hassle of taking delivery of physical gold as well as the tension of keeping it safe and secure. 
A few benefits of investing in gold funds are: 
- Unlike other investment avenues, you do not need to have a demat account to open a gold fund
- Investing in the gold fund gives investors the benefit of taking exposure to gold electronically
- You can benefit from rising gold prices without having to own the gold physically.
- It’s a great way to diversify your portfolio. 
- You can choose from growth or dividend option of the gold fund
Please note that effective July 1, 2017, GST of 18% would be applicable on all financial services. 
List of gold mutual funds in India:
- Axis Gold Fund
- ICICI Pru Regular Gold Savings Fund
- Canara Robeco Gold Savings Fund
- Birla Sun Life Gold Fund
- HDFC Gold Fund
- Invesco India Fold Fund
- IDBI Gold Fund
- Kotak Gold Fund
- Quantum Gold Saving Fund
- Reliance Gold Savings Fund
- SBI Gold Fund
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