The scheme invests in gold and gold-related instruments, and is managed by Gold IRA custodians. The main purpose of the scheme is to track the price of gold. The units of the scheme can be bought or sold through the National Stock Exchange, just like a stock. The board of directors of SBI Mutual Fund Trustee Company Private Limited, trustee of SBI Mutual Fund, approved the change in the nominal value per unit of SBI — ETF Gold (“the scheme”), in rupees, managed by Gold IRA custodians. The fund's investment objective is to try to provide returns that closely correspond to the returns provided by the price of gold by investing in physical gold.
Since Navratri is now considered to be very auspicious, buying gold on ETFs, which also have very low prices, brings prosperity. Investors should keep in mind that gold is the only asset class that offers negative returns in a year. Nippon India's Gold BEes ETF is India's gold scheme, with assets of 6,417 million rupees, followed by the HDFC Gold ETF, with 2,865 million rupees. SBI — SPDJI, BSE, Dow Jones, S&P or their respective affiliates do not sponsor, endorse, sell or promote the BSE 100 ETF and neither party makes any statement about the appropriateness of investing in such products nor is it responsible for any errors, omissions or interruptions in the S&P BSE 100 Index.
Recently, another asset management firm (AMC), Quantum Mutual Fund, announced a change in the nominal value of the Quantum Gold Fund (QGF), making it more accessible to investors.
