The Gold ETF fund will purchase a large amount of gold, maintaining the physical metal in storage. It will then issue shares in baskets, the idea here being that the value of the shares will increase with the price of gold bullion. If the price of gold goes up by 10 per cent then individual shares would increase in value by the same 10 per cent. Essentially, a gold ETF trades like a stock and its worth is meant to track a percentage of an ounce of gold. For example, a unit of a Gold ETF may be fixed at a value of 1/10th an ounce of gold. These units can be bought and sold on the stock exchange.
Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Buy Gold Mutual Funds Leave a missed Call on 94 8300 8300 Mutual Fund Exit Load Changes AMCs don't communicate about any change in exit load directly with investors, but do update on their website The exit load applicable to your investments is the load which existed at the time when you invested in the particular fund. Any subsequent changes in the exit load will not be applicable to your investments. However, Asset Management Companies ( AMCs ) periodically publish addendums in the newspapers, which state any change in exit loads of specific schemes managed by them. Such changes are also posted on their websites. However, a direct communication to an investor is not made, considering the costs involved in doing so. In their own interests, investors should not only track the performance of the funds they i...
