The plan seeks to offer returns that closely correspond to those provided by SBI - ETF Gold (formerly known as SBI GETS). Electronic gold is the process of buying gold electronically. To invest here, you must have a trading account with specific NSEL distributors. e-Gold units can be bought and sold through the stock exchange (NSE) just like stocks.
Here, one unit of e-gold is equivalent to 1 gram of gold. Investors can buy and sell gold in small denominations. For example, if you keep this product for less than 36 months, the short-term capital gains tax will apply based on sales rates. And if e-gold is held for more than 36 months, an e-Gold capital gains tax of 10 percent will apply.
The minimum investment amount in gold mutual funds is 1000 INR (as a monthly SIP) SBI Gold Fund Vs Nippon India Gold Savings Fund. Gold ETFs are similar to digital gold, reducing the risk and costs of storing gold. In addition, these funds are more fiscally efficient than physical gold. Therefore, investors who want to invest in gold for a return and hedge their portfolio against stocks may consider investing in gold ETFs.
In addition, gold ETFs track gold prices in real time with tracking errors. Therefore, investors who want to track their gold investments in real time may consider investing in gold ETFs. The biggest advantage of electronic gold is that it allows investors to invest in gold with much lower denominations than physical gold. If you wish, you can receive gold in physical form at any time by redeeming units of electronic gold in your Demat account.