I want to invest in gold for around 6 to 9 months; please suggest which fund to invest in?
Swapnil K, Ratlam
Investing in gold is advisable only once you have a fully diversified portfolio and even then an allocation of not more than 5 per cent is suggested. Moreover, six to nine 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.
