Business News Desk, Investors in this scheme named Mirae Asset Gold ETF Fund of Fund can invest in gold without the hassles associated with buying or storing physical gold. Overall, Mirae Asset Gold ETF Fund of Funds is an easy and affordable way to invest in gold. If you want to provide some stability to your portfolio amid market fluctuations and hedge against inflation, then this NFO can be a good investment option for you. However, the risk level of this scheme has been kept ‘high’ on the riskometer, hence before deciding to invest in it, carefully check your risk appetite.
Mirae Asset Mutual Fund has introduced a new fund offer (NFO). New Fund Offer (NFO) – Opened on Wednesday, 16 October 2024 and will close on 22 October 2024. The minimum amount of investment in this NFO has been kept at Rs 5,000, while investment can be started with a minimum of Rs 99 every month through Systematic Investment Plan (SIP). This is an open-ended fund which works like Mirae Asset Gold. Will invest in units of ETF (Mirae Asset Gold ETF). Its main objective is to provide capital growth to investors in the long term. This is a good option for those investors who want to invest in gold but want to avoid the hassle of buying and storing physical gold.
Important things about NFO – When will the scheme reopen – It will open on 28 October 2024. Minimum investment: Rs 5,000, and thereafter in multiples of Re 1. Additional minimum investment: Rs 1,000, and thereafter in multiples of Re 1. Linked ETF: Mirae Asset is a gold ETF. Through this fund, you can take advantage of the rising gold prices by investing in gold ETFs without the hassles associated with buying physical gold. The units of Mirae Asset Gold ETF in which this scheme will be invested are linked to investment in gold of 99.5% or more purity certified by the London Bullion Market Association (LBMA). Therefore, investors can get the option of better returns without the risks like storage and purity associated with buying physical gold.
For this reason, investing in gold is considered a better way for investors to diversify their portfolio. Investing in this fund can also bring stability to your portfolio, especially in times of economic uncertainty, as gold often performs better during market fluctuations and inflation. This is the reason why gold is considered a strong and safe investment.
This fund is a better option for investors who want to take advantage of the potential rise in gold prices, but want to invest in gold ETFs instead of physical gold. It is also a good option for investors looking for long-term capital growth. The advantage of investing in Gold ETF Fund of Funds instead of investing directly in Gold ETF is that investors can easily make regular investments in it through SIP also.
