SBI Gold Fund | SBI Gold Investment Funds
SBI Gold Investment Funds: Get Details why to invest in SBI Gold Investment Funds, Documents, Eligibility. SBI Gold Fund is Like an Mutual Fund.
SBI Gold Fund Benefits
No need to hold or open a DEMAT account: SBI Gold fund provides an opportunity for the investor, to take exposure into Gold as an asset class, in smaller and convenient investment amount without having a demat account.
Systematic Investment Plan (SIP): It is a long term disciplined investment technique which provides a systematic way of investing in Gold. This allows you to save and invest regularly without ‘timing the markets’.
Liquidity: An investor can subscribe and redeem gold fund on all business days.
Cost Effective
Tax Benefits: SBI Gold Fund is treated as a non equity product from tax perspective. It enables an investor to claim long term capital gains tax after a period of one year of investments, whereas for physical gold long term taxation is available after 3 years.
Convenience of investing: Investing in gold through SBI Gold Fund is easy – investors can directly subscribe units through at the various designated investor service centre across the country thereby making it easily accessible and convenient.
Assured Purity & Security: SBI Gold Fund would invest in units of SBI Gold Exchange Trade Scheme (SBI GETS) and all gold bullion held in SBI GETS shall be of fineness of 995 parts per 1000 and it will be held safe with the custodian.
Availability of add on facility: The fund allows investors to avail add-on facilities like systematic transfer plan, systematic investment plan and systematic withdrawal plan.
SBI Gold Fund is an open ended fund of fund scheme, which will invest in units of SBI Gold Exchange Traded Scheme (SBI GETS). The scheme seeks to provide returns that closely correspond to the returns provided by SBI GETS. It gives you the benefit of getting an exposure to gold asset class in a convenient way, without having a Demat Account.
