The benefit this funds provides over ETF is NO DEMATE ACCOUNT and Smaller Quantity can be purchased too. One can opt for regular SIP for as low as Rs 1000/- per month (Automated)
Hope i clarified.
Thanks for the interest taken
with regards
Zoher
On Fri, Aug 26, 2011 at 11:49 AM, rajen babu wrote:
can u kindly clarify why can't we buy sbi gold etf directly instead going thru this fund what advantage we get
From: Zoher Doctor <zoherdoctor@gmail.com>
To: smartmoneyinc <smartmoneyinc@googlegroups.com>
Sent: Friday, 26 August 2011 11:46 AM
Subject: Smart Money Inc. Article on GoldAttached find the Article on GOLD. It may be useful.**********--SBI Mutual Fund has launched a new fund offer, SBI Gold Fund, an open-ended fund of fund scheme to enable investors to invest systematically in gold and gain advantage of the recent rally in the metal's prices.The corpus collected from the NFO would be invested in SBI Gold Exchange Traded Fund."It is a convenient product and will give an opportunity to an investor to invest in the purest form of gold without the need of buying and storing physical gold, that too, without a dematerialised account unlike gold exchange traded funds," SBI MF Managing Director and Chief Executive Officer Deepak Chatterjee told reporters here.He said there was a demand for ETFs and the assets under ETF schemes in the country crossed Rs 6,000 crore last month.The minimum investment in the fund would be Rs 5,000. The new fund offer will open on August 22 and close on September 5, the fund house said.The fund house will offer systematic investment plan too. SBI MF Chief Investment Officer Navneet Munot said, "Gold could show some volatility in future and hence the SIP route makes more sense. Looking at the current global economic conditions and stock market volatility, gold is a better option".The fund house said the investors could avail gold loans from the country's largest lender State Bank of India for gold exchange traded funds.At the end of June quarter, SBI MF managed assets worth Rs 47,874 crore. State Bank of India is the sponsor of the fund.
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Information, charts or examples contained in this mail is for illustration and educational purposes only. It should not be considered as advice or an endorsement to purchase or sell any security or its financial instrument until you are well conversant and confident about the movement.
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Disclaimer
Information, charts or examples contained in this mail is for illustration and educational purposes only. It should not be considered as advice or an endorsement to purchase or sell any security or its financial instrument until you are well conversant and confident about the movement.
For indiviual guidance please write to me seperately at zoherdoctor@gmail.com
Visit Us at: www.smartmoneydirect.co.in
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