In our previous article on investing in digital gold, we have highlighted, why and when does it make sense to invest in gold and why should customers prefer digital gold over physical gold. We have received multiple requests from readers to shed some light on the various options available for retail investors to buy digital gold in India. Hence, we have decided to supplement our earlier article with options and considerations while investing in digital gold in India.
Various options for investing in Digital Gold
- Mobile wallets and Stockbrokers powered by metal trading companies
- Gold EFTs (Exchange Traded Funds) on stock exchanges
- Gold Funds through mutual fund houses
- Sovereign Gold Funds offered by RBI
Details of each option and Investment Considerations: Pros and Cons of each option
IPOs in India: An illustrative step by step view of how to apply for an IPO in HNI Category, highlighting the pros and cons of it
Should you apply for an IPO in HNI Category?
You cannot apply for an IPO via Retail and HNI categories simultaneously. You can only apply either in the Retail category or in the HNI category. There is a high chance for your application to get rejected if you apply in both categories.
Hence, an investor must first understand the advantages and disadvantages, in detail, before making a decision to apply for an IPO in HNI category.
IPO Snapshot 2020
Though 2020 will be remembered as a gloomy year in the history books due to the spread the COVID 19 pandemic and the suffering the world had faced, it proved to be a stellar year for the companies that raised money through the primary market route and had allayed all fears investors had on equities.
17 companies raised ₹46,128* crore via public offers in 2020
The year started a bit rough with SBI Cards IPO listing at ₹658, a discount of 12.84% to the issue price of ₹750. However, most of the IPOs that followed (the likes of Route Mobile…
What is Expense Ratio?
Simply put, Expense Ratio is the amount an investment company charges as a fee for managing your fund. This could be for a Mutual Fund, your NPS account, a ULIP you own or your overall investment portfolio if you plan to offload it to a fund manager. And this ratio generally varies from 0.1% to 2.5% based on the instrument of choice. Some Index Mutual Funds charge around 0.1%-0.2%, regular equity mutual funds charge around 1.2–1.5%, whereas for ULIPs this can go up to 2.5%.
Isn’t this just a negligible difference? Should I break my head over it?
In hindsight, this might look like a small difference of 1–2%, and not something you…
