I want to invest in gold for around 6 to 9 months; please suggest which fund to invest in?
Investing in gold is advisable only once you have a fully diversified portfolio
I want to invest in gold for around 6 to 9 months; please suggest which fund to invest in?
Swapnil Ahuja, Delhi
Investing in gold is advisable only once you have a fully diversified portfolio and even then an allocation of not more than 5-10 per cent is suggested. Likewise, 6-9 months is too short a time for any investment, however, if you have to look at an option to invest in gold for this duration you can consider investing in a gold ETF for which you will need a demat account. When investing in an ETF, you buy units of gold from the stock exchange and there is little to choose between any of the gold ETFs; you can pick any fund that you wish based on the lowest expense ratio.