Mirae Asset Mutual Fund has come up with the new investment offer of gold in Diwali for as low as ₹99 per month. This investment plan is known as the Mirae Asset Gold ETF Fund of Fund, the applications of which were opened on October 16, 2024, and will be closed on October 22, 2024.
Gold Investment: Online Availability
The Mirae Asset Gold ETF Fund of Fund is free from the ordinary complications of acquiring gold or maintaining its physical possession. This scheme is for those individuals who want to invest and diversify their portfolio, given volatile market conditions and inflation risks.
Minimum subscription for the NFO is ₹5,000 and for SIP one can start with just ₹99 which allows regular monthly investment on this fund. This relative flexibility aids with is availability to a wide market especially to those starting their investment journey in gold.
Assessing the Risks
This means that here is a simple way to get into gold through this NFO but the risk level is high according to the riskometer. One has to be very careful and assess the level of risk tolerance in terms of investing in this scheme. Before stepping to make such an investment, more research should be done, or one should ask a financial planner to explain the consequences.
Why Consider Gold?
Gold has been widely regarded as a safe-haven instrument particularly over the period when other commodities face increasing risks. Several reasons can make gold a worthwhile investment; it can act as an inflation hedge or a defensive tool in a portfolio that can help to reduce an investor’s exposure to some other assets. For these reasons, the Mirae Asset Gold ETF Fund of Fund provides an opportunity to gain all these advantages without the typical difficulties with physical gold.
