Double Gold ETF

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Double Gold ETF is defined as the leveraged ETF which moves up or down which is equivalent to twice the movement of the price of Gold either ways. To illustrate further we can say that once the prices of Gold rise by 10% the price of Double Gold ETF would rise by 20%. On the other hand when the prices of Gold falls by 10% the price of the Double Gold ETF falls by 20%. Last few years the investment in the Double Gold ETF has considerably increased with the gold prices touching new heights. [click to continue…]

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SPDR Gold Trust (GLD) – A Physical Gold ETF

SPDR Gold Shares (GLD) is the world’s largest physically backed Gold ETF, traded on NYSE ARCA Exchange in the US and three other countries. SPDR is a short name for Standard and Poor’s Depository Receipt, which is originally designed to track S&P’s 500 stock market index in the US. State Street Global Advisors (SSgA), a [...]

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ICICI Prudential Regular Gold Savings Fund Details

Similar to other major AMCs, in September 2011, ICICI Prudential has come up with Gold savings Fund. ICICI prudential regular gold savings fund is an open ended fund of funds which primarily invests in its own ICICI Gold ETF and can invest in oversees gold ETFs in future. ICICI Gold savings fund mainly targets retail [...]

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SBI Gold Fund

In late 2011 SBI launched a Gold Fund, which primarily invests in its own SBI Gold ETF. The fund belongs to the Gold Savings funds category under which most of the mutual fund houses in India in last couple of years launched funds. SBI Gold fund, which allows SIP in gold investment, is aimed at [...]

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List of Gold Savings Funds

Ever since mutual fund houses started promoting gold ETFs through Gold Savings funds, the retail participation has increased quite a lot. Since gold savings funds offer SIP facility and accept amounts as low as Rs 500, house wives too have shown interest. The article aims to provide you the list of all gold savings funds [...]

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