India is one of the largest consumer of gold in the world.
This itself says a lot about faith that we Indians have in this asset class. Its performance in last couple of years (2008-2011) has further reinforced this belief. Traditionally considered as an effective hedge against inflation, it has a negative correlation with major asset classes. Some exposure to gold is “a must” in any balanced portfolio.
There are several ways to take exposure in gold – jewellery, gold bar and coins, ETF, MF, bonds, shares in gold mining company etc. However, issues such as safekeeping, wastage, quality etc makes it cumbersome to hold it in the physical form.
It is far more convenient and effective to hold gold in paper form (ETF/MF/Bonds). RBI introduced Sovereign Gold Bonds which allows you to earn interest while your investment tracks gold price. ETF/MFs provides flexibility in terms of time horizon and investment can be made in fractional amounts in line with your portfolio strategy.
Your Fin@Work advisor will work with you actively to get this important asset class in your portfolio.
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