Monday, December 5, 2022
HomeBusinessYou can invest in both gold and silver through this mutual fund!...

You can invest in both gold and silver through this mutual fund! Know the details

Edelweiss Gold and Silver ETF Fund of Fund: Investing in gold and silver is considered very good and beneficial since ancient times in India. People have been saving money for their bad times by investing in gold and silver since ancient times. If you also want to invest in both gold and silver together, then asset management firm Edelweiss Asset Management has come up with a great scheme. For this scheme, you can invest in both gold and silver simultaneously. The name of this scheme is Edelweiss Gold and Silver ETF Fund of Fund. This is the first such mutual fund scheme to invest in both gold and silver simultaneously. You can invest in this scheme from 24 August 2022 to 7 September 2022. That is, you have only two days left to invest in it.

You can invest in both gold and silver
Let us tell you that both gold and silver precious metals can be targeted with this mutual fund scheme. At the time of the launch of this scheme, Radhika Gupta, Director, CEO of Edelweiss MF had said that although there are many schemes targeting gold and silver separately in the market, there is no scheme targeting both simultaneously. Huh. Gold is seen as a future investment and investment in bad times. On the other hand, silver gives quicker and higher returns. In such a situation, through this MF, you get assured of a secure future with better returns. Both of these work as a complement to each other. Along with this, both these metals have less relation with equities.

Know the details of this mutual fund-

    • Edelweiss Gold and Silver ETF Mutual Fund (Edelweiss Gold and Silver ETF Mutual Fund) is an open-ended scheme of funds through which one can invest in both gold and silver simultaneously.
    • This is the first such MF in the country in which you can invest in both gold and silver simultaneously.
    • Its subscription will end on 7 September 2022.
    • There is no lock in period to invest in this scheme, but if you withdraw money before 1 year, 1% amount will be deducted from you.
    • You can invest at least Rs 5,000 in this.
    • The returns of this scheme will depend on the price of gold and silver.

Gold and silver will get better returns
By investing in gold, you get protection against inflation and market downturns. At the same time, the growth of silver depends on how much it is needed in industrial use like market. In such a situation, gold gives better returns in times of inflation. On the other hand, silver helps in giving better returns to the people with increasing demand. Due to the increasing demand and limited supply in the market, the demand for both the metals is high in the market. High demand in the market makes investment in gold attractive. At the same time, the increasing demand in silver smartphones, electric vehicles (EV) and solar panels etc. makes it attractive.

- Advertisement -
MOBILE

- Advertisment -

- Advertisment -spot_imgspot_imgspot_img

Auto

Two Wheeler

BUSINESS AND FINANCE

Digit News

spot_img