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Gold funds have been the fastest growing type of MF during the last 1 year, given general market downturn & the gold price upturn.
Summary : There are 5 ways by which one can procure gold - A-Jewellery(from shops), B - gold coins(from banks&others), C - Gold ETF(from AMC), D - Gold FOF(from AMC) and E - e-gold(&gold commodity futures).
Honestly, each of these 5 ways have separate plusses & minuses (full table in a later post). Financial Planners mainly hawk C & D.Feel free to comment in our blog ( link given at beginning). An example of D ( Reliance Gold Savings Fund).