Should you invest in Gold Funds in India

Physical gold such as gold jewelry or gold coins has several drawbacks such as storage in safety vaults and the associated locker charges. They also demand price markups due to the design and making charges. Apart from these, purity issues and lack of flexibility in investment amounts can make buying physical gold inefficient. In contrast, Gold ETFs and Gold Fund of Funds have become popular forms of investment. Gold ETFs have received rising net inflows from investors. The number of folios in Gold ETF surged by almost 10% in June to Rs. 18.32 lakh from Rs. 16.68 lakh in May as per monthly data from AMFI. Another way of investing in Gold digitally and overcoming the drawbacks of investing in physical gold is by investing in gold fund of funds instead.

The meaning of Gold Fund of Funds is an open-ended fund which has an underlying investment in Gold ETFs, that in turn is backed by physical gold and tracks the domestic price of Gold. The NAV is declared at the end of the trading day similar to other mutual funds. One can invest in a Gold Fund of Funds via an SIP, where you can invest a minimum of Rs 500. When comparing gold funds vs gold ETF, one doesn’t need a DEMAT account for investing in a gold fund of funds. The capital gain arising out of redeeming Gold Funds within less than three years is subject to short-term capital gains tax which will be taxed as per Income Tax slabs. For capital gains arising for a holding period of more than three years, then it will be long-term capital gain, which will be taxed at the rate of 20%.

Gold acts as a strategic asset in an investor’s portfolio, given its ability to be an effective risk-reducing portfolio diversifier. It helped alleviate losses for investors who owned them during the pandemic.

With the fall in gold prices in response to the strengthening of the US dollar in Jun 2021 and talks of interest rate tightening as early as CY 2023, investors can consider allocating a portion of their portfolio to Gold.

While selecting a Gold fund of Funds, just like any mutual fund, investors need to analyze the fund based on certain quantitative and qualitative parameters, that one can use to arrive at the best gold funds as per their requirements. Additionally, it would be best if one were to keep their financial goals, risk appetite and investment horizon in mind.

Disclaimer: The views expressed here in this Article / Video are for general information and reading purpose only and do not constitute any guidelines and recommendations on any course of action to be followed by the reader. Quantum AMC / Quantum Mutual Fund is not guaranteeing / offering / communicating any indicative yield on investments made in the scheme(s). The views are not meant to serve as a professional guide / investment advice / intended to be an offer or solicitation for the purchase or sale of any financial product or instrument or mutual fund units for the reader. The Article / Video has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. Whilst no action has been solicited based upon the information provided herein, due care has been taken to ensure that the facts are accurate and views given are fair and reasonable as on date. Readers of the Article / Video should rely on information/data arising out of their own investigations and advised to seek independent professional advice and arrive at an informed decision before making any investments. None of the Quantum Advisors, Quantum AMC, Quantum Trustee or Quantum Mutual Fund, their Affiliates or Representative shall be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary losses or damages including lost profits arising in any way on account of any action taken basis the data / information / views provided in the Article / video.

Fathers Can Give Their Daughters a Wonderful Present They Will Be Pleased With

When a male becomes a father his existence is right away going to start to change. When he has a daughter then that change could be quite noticeable because having a girl means that you will perceive existence from a fresh perception which would not have been possible even when you were raised with female siblings while you were a kid. This happens to be because a daughter provides her own form of love and while she is growing, she communicates things with her dad which she will not share with any other person, in the same style that she shares with her mother. When you are a dad with a little girl then you will want to take the time and the planning to really show her how much you appreciate the person she happens to be as a person and that your adoration is not about the things she does, however more about her own unique characteristics. You can do this so simply by giving flower arrangements.

It is realistic that most fathers happen to be hesitant to convey that they love you with an item the daughter is interested in. A lot of dads think that when they buy their daughter an item which is girly then they’re somewhat feminine also. Nothing can be further from the real story. Rather, when you think about how you felt of your mother it is rather likely that you did not feel like less of a guy for conveying adoration to her because she was caring for you. If you send your daughter flowers, it is not about how utilitarian the gesture is and it is not about how much it’ll show others. It is all about amazing her with something immediate and attractive which she can enjoy at the moment she gets it.

This is the fact that needs to be considered. Floral arrangements happen to be a surprise and they’re not that high priced. Why arrangements work so well happens to be that she won’t know about the present. Also, you don’t need to postpone until later if she will need to use the gift since when she sees the blossoms, the idea is certain. You are trying to help her sense of self esteem and communicate to her that later on in her life; any other man who respects her should be clear and tell her this in a rather real way. You should set a good impression and give her a range of faith that if her father loves her then she happens to be really the kind of person that needs to be treated as well as she acts towards other folks.

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Find a Present That’s Unique

The holidays are coming and so is the stress of shopping for presents. Wouldn’t it be nice to find a present with such broad appeal that you could give it to a lot of the people on your Christmas list? Wouldn’t it be even nicer to find a present with broad appeal that is unique and long lasting? There is such a gift. It’s a custom cookbook of your favorite family recipes. If you want to give the relatives on your Christmas list something that they won’t regift or shove in a closet, then give them a family cookbook. A family cookbook is the perfect gift because it’s unique, easy to make and will be enjoyed for many years.

If you’re like most people, you have a lot of relatives on your Christmas list and it’s challenging to come up with gift ideas for them. This year, you can cross-off a bunch of the names on your list by creating a cookbook of family recipes. A family cookbook is unique and the perfect gift for adult children who recently got their own place and started cooking. It will definitely save you the time and inconvenience of giving them the same recipe more than once. It’s not just the perfect gift for adult children. It’s also the perfect gift for other relatives on your list. Relatives who cook a lot will love getting more recipes to add to their collection. Relatives who don’t cook very often will appreciate having recipes for dishes that they’ve enjoyed at family gatherings.

Now that we have the personal computer, it’s easy to make a professional looking cookbook. You can do- it-yourself with a simple word processing program. Just open a new file, create a cover, type your recipes and then add an index. If you don’t want to make your cookbook from scratch, there are cookbook programs that provide pre-formatted templates for easy cookbook creation. The programs are available for purchase on CDs or by download on the internet. There are also websites that allow you to create a cookbook by entering recipes on their websites. If you don’t already have family recipes for your cookbook, then contact family members and ask them for their best recipes. Tell them that you’re updating your recipe collection and would love to add some of their best recipes to it. When you finish making your cookbook, you can either print it from your home computer or take it to a local print shop for printing and binding.

If you need to find a present that is unique and long lasting, then consider making a family cookbook. It’s the perfect present because everyone loves home-style cooking. The cookbook will be read and reread because it brings back memories of family gatherings and delicious food. It definitely won’t be regifted or thrown in the trash. With the holidays approaching in a few months, now is a great time to start creating your cookbook. Think of how great it would feel to cross-off a bunch of names from your Christmas list with one gift.