The benefit of Fund over ETF
1) No need of demate & trading account
2) Charges / expenses is same as on brokerage charged by broker for purchase & on sale of Gold ETF and the same is equally charged by AMC
3) Small quantity can be purchased with Auto SIP
4) If u want to buy in different family members names then Fund is more easier and manageable. (Say i want to buy for 2 daughters of mine for marraige in view, they can have 2 MF folio and invest, save on demate & trading accounts and on tax maybe)
5) No entry load
I personally bought on this SBI GOLD FUND in my wife and sons name. No need of demate & trading account and no regular or brokerage charges
Think again, Think Wise. Happy Investing. GO FOR IT. Ask for Application forms (soft or hard copy)
with warm regards
Zoher Doctor
On Fri, Aug 26, 2011 at 12:25 PM, wrote:
Den why should v pay d FMCs when v hv demat n can invest app 5000 a month????????????Sent from my BlackBerry® smartphone from !DEA
From: Zoher Doctor <zoherdoctor@gmail.com>Sender: smartmoneyinc@googlegroups.comDate: Fri, 26 Aug 2011 12:09:12 +0530ReplyTo: smartmoneyinc@googlegroups.comSubject: Re: Smart Money Inc. Article on GoldOfcourse one can buy ETF if they have demate accountThe 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 takenwith regardsZoher--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.
--
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
You received this message because you are subscribed to the Google Groups "Smart Money Inc." group.
To post to this group, send email to smartmoneyinc@googlegroups.com
To unsubscribe from this group, send email to smartmoneyinc-unsubscribe@googlegroups.com
For more options, visit this group at http://groups.google.com/group/smartmoneyinc?hl=en
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
You received this message because you are subscribed to the Google Groups "Smart Money Inc." group.
To post to this group, send email to smartmoneyinc@googlegroups.com
To unsubscribe from this group, send email to smartmoneyinc-unsubscribe@googlegroups.com
For more options, visit this group at http://groups.google.com/group/smartmoneyinc?hl=en
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
You received this message because you are subscribed to the Google Groups "Smart Money Inc." group.
To post to this group, send email to smartmoneyinc@googlegroups.com
To unsubscribe from this group, send email to smartmoneyinc-unsubscribe@googlegroups.com
For more options, visit this group at http://groups.google.com/group/smartmoneyinc?hl=en
0 comments:
Post a Comment