News for SBI ETF Gold (SBIGETS.BO)

Zerodha Fund House announced the launch of the Zerodha Gold ETF. The scheme opened for public subscription on February 16, 2024, and will close on February 21, 2024.

Tata Mutual Fund announced the launch of the Tata Gold Exchange Traded Fund. The scheme opened for public subscription on January 02, 2023, and will close on January 09, 2023.

Baroda BNP Paribas Mutual Fund announced the launch of the Baroda BNP Paribas Gold ETF. The scheme opened for public subscription on November 28, 2023, and will close on November 30, 2023.

Edelweiss Mutual Fund announced the launch of the Edelweiss Gold ETF. The scheme opened for public subscription on November 02, 2023, and will close on November 06, 2023.

Benchmark indices were trading with marginal gains amid subdued global sentiment. A total of 60 stocks touched 52-week high on BSE, while over 30 scrips were at fresh lows.

Net inflows into gold ETFs dip 63 per cent last fiscal even as AUM rally on mark-to-market gain

Gold and silver ETFs have been regarded as the finest investment option in times of crisis and uncertainty like it is doing now. These two commodities funds have recently attracted the attention of mutual fund investors.

Gold ETFs are similar to stock exchange-traded funds in that they allow you to acquire shares of a firm. ETF helps you to diversify your investment portfolio. As Gold ETFs invest in as invest specifically in the yellow metal, it lowers your dependence on the industry. And because of its gold pricing, there is complete transparency on the holdings of an ETF.

Following the split, each unit of the SBI - ETF Gold will trade with a face value of ₹1 with effect from 6 January 2022 instead of ₹100 at present

Inflow and outflow in gold ETFs will highlight the investors interest in short-term and long-term opinions and desires to have a position in gold. Generally, physical gold holdings are a long-term investment, due to lesser liquidity of gold coins, bars, or enthronements, rather than virtual gold. Often investment in physical gold will pressurize the pocket far more.