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Finance & Stock Groups Forum Index » Mutual Funds » Need for SIP in Gold ETF mutual fund
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| allmutualfund |
 Posted: Tue Nov 11, 2008 6:37 pm |
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Guest
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Have you ever thought of SIP in GOLD ETF???????
Many of us have started SIP in gold fund which are available in
market. We were very happy when NAV of gold fund going up even though
equity market were correcting form Jan 2008.
Today we observed that fund sold as gold fund which have no perfect co
relation with equity market. Today we are witnessing a once in a life
time global turmoil. We have seen that prevailing gold fund is just
like one sector fund, like we were typically investing in sector fund
like financial services, power, IT, telecom, healthcare, auto, etc;
which invest particularly in one sector of equity market.
After learning lesson from existing basket of gold fund we must look
for a fund that have perfect correlation between gold price and NAV of
fund. At present we do not have any mutual fund which has perfect
positive co relation with price of gold.
At the same time we have gold ETF fund which have correlation with
price of gold and price of one unit. But we do not have option to go
for an SIP in the same.
In gold ETF investor must have a trading and demat account of his/her.
Even after having trading and demat account we cannot go for SIP as
there is no such option available in scheme.
We have to every time manually bought on particular day a specified
amount of units. Which a normal SIP does with the help of ECS mandate
or post dated cheques.
Do you feel there is a need of SIP in gold ETF in your portfolio for
asset allocation? What is you say?
Source: http://indian-mutualfund.blogspot.com/ |
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