For thousands of years, gold has been prized for its rarity, its beauty, and above all, for its unique characteristics as a store of value. It's an effective hedge against inflation. It adds stability to your portfolio. It has the ability to retain value & appreciate in value. In today's uncertain climate, many investors turn to gold because it is an important and secure asset that can be tapped at any time, under virtually any circumstances.
Now here's your chance to add some glitter to your portfolio. Presenting the Birla Sun Life Gold ETF, which invests on your behalf in Gold having purity of 99.5% or higher, sourced from London Bullion Market approved refiners.
Gold ETF is an excellent option for having exposure to Gold as an asset class due to the following reasons:
- Potentially cheaper to have price exposure to gold price as compared to other available avenues
- Quick and convenient dealing through Demat account. Can be traded on stock exchange like buying / selling a stock.
- No storage and security issue for investors
- Transparent pricing
- Taxation of non-equity Mutual Fund. No Wealth Tax.
- Ideal for accumulation as minimum lot size to trade is one unit of Gold ETF which is approximately equal to one gram of Gold.
- Facility of conversion of units to Physical Gold Provided by some market participants# (refer product note).
New Fund Offer for the scheme opens on 25th Apr 2011 and closes on 09th May 2011. The Fund will be managed by Mr. Satyabrata Mohanty.
Please find more details in the attached Product note. Also attached NFO Application form.
