Sep 06, 2011 09:47 AM IST | Source: Moneycontrol.com

SBI Gold Fund: Time right to look at gold funds?

The glitter of gold is far brighter today than before. The yellow metal touched Rs 28,000 per 10 gram, making it far too expensive for the burgeoning middle class who exhibit maximum buyer interest but have limited financial strength. Here is a viable option for them: Check out gold funds!

SBI Gold Fund: Time right to look at gold funds?

Saikat Das
Moneycontrol.com

The glitter of gold is far brighter today than before. The yellow metal touched Rs 28,000 per 10 gram, making it far too expensive for the burgeoning middle class who exhibit maximum buyer interest but have limited financial strength. Here is a viable option for them: Check out gold funds!

"This type of investment is ideal for a small investor who may not be disciplined," says Brijesh Damodaran, founder and CEO of Wealthways, a Delhi-based financial advisory firm. Gold funds do not require opening any demat account and the trading method is very much like with gold ETFs. The tax benefits are equal to that of gold ETFs.

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