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Gold As An Investment

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Kiran Gupta
Gold As An Investment

Gold is one of the most preferred investments in India. High liquidity and inflation-beating capacity are its strong selling points, not to mention charm, prestige, and so on. Gold prices shoot up when the markets face turbulence. Though there are phases when markets witness a fall in gold prices, it won’t last for long, and always makes a strong comeback.

How to Invest in Gold

The ‘golden question’ here is – how does one invest in gold? Traditionally, it was by buying physical gold in the form of coins, bullions, artefacts, or jewellery. However, there are newer forms of gold investments nowadays, such as gold ETFs (exchange-traded funds) and gold mutual funds.

Gold ETFs are similar to buying an equivalent sum of physical gold but without the hassles of having to store the physical gold. Hence, there is no risk of theft/burglary as the gold is stored in Demat (paper) form. Gold funds involve investing in gold mining companies.

How to invest in mutual funds in India?


You can invest in mutual funds directly with the asset management company (AMC) through the direct plan. You must complete your KYC at a KRA (KYC Registration Agency) online by filling the KYC registration form and uploading the self-attested identity proof such as PAN Card and address proof such as Passport/Driving License/Voter ID and also a passport size photograph. You will also have to complete the IPV (In-Person Verification).

You may also invest in mutual funds through a mutual fund distributor by opting for a regular plan. The mutual fund house would pay a commission to the mutual fund distributor or the intermediary. You may invest in mutual funds offline by visiting the mutual fund house and filling up the application form and submitting documents for KYC compliance.

How to invest in mutual funds online in India?


You may invest directly with the mutual fund house through the direct plan. You just have to visit the website of the fund house and fill up your relevant details such as name, email id, mobile number and bank details.

You may complete the KYC online through eKYC where you enter the Aadhaar and PAN details. Your information would be verified at the backend and you may start investing in mutual funds after transferring money online from your bank account.

You may also invest through an online platform such as Cleartax Invest.

You must log on to cleartax invest
You then select the mutual fund house from the list of fund houses
Pick the mutual fund scheme based on your investment objectives and risk tolerance and click on Invest now
You must select the amount you plan to invest in the mutual fund scheme and the mode as either One Time or Monthly SIP
You must fill up the requisite details such as name, email ID, mobile number and complete the transaction.


DIGI GOLD


Digital gold is a method of investing and buying gold without literally holding the gold yourself. Using our online app ‘Gold For All’ buyers can easily purchase gold in amounts they require and build up their gold holdings without visiting any store. The gold will be secured in a vault where you are free to sell or convert it into physical gold at your convenience. Gold because of its rich history and value is considered an investment throughout the world. It helps people create wealth and is used to control and hedge financial market risks and rising inflation. Being one of the most beneficial assets it has proved in providing good returns in the future.

With Augmont, you can buy digi gold for as low an investment amount as Re.1 from the comfort of your home without worrying about its quality, safety, and storage. The purchased gold online would be 24K genuine with 999 purity. The purchase made would be 100% safe and insured. You can also exchange this gold for any physical jewellery.

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