Investment Ideas: The Indian stock market is still seeing a decline. By 11.43 am on Monday, the Sensex was trading at 75,658.37 points with a decline of 280.84 points (0.37%). On the other hand, the Nifty 50 was also trading at 22,845.50 points with a loss of 83.75 points (0.37%). Let us tell you that the process of decline in the Indian stock market started from the end of September last year, which is still intact.
Investors are fed up with the ongoing decline in the stock market
On September 27, the Sensex made a lifetime high of 85,978.25 points, while the Nifty 50 also touched his lifetime high of 26,277.35 points on the same day. However, due to the ongoing decline in the stock market, common investors are getting fed up and they are looking at a plan for investment, where there is no risk like stock market.
Gold ETF will be a great option for investment
If you are also fed up with the ongoing decline in the stock market and are looking for a safe investment, then Gold ETF (exchange tradered fund) may be a better option for you. Gold ETF is a kind of special mutual fund. Its one unit, 1 gram is equal to 24 carat gold. However, its purchase and sale is also in the stock market itself. The price of gold ETF also keeps decreasing and increasing along with the price of gold.
Neither making charge nor GST mess
When the price of gold increases, the price of a unit of gold ETF also increases. But like physical hold, you will neither have to pay the making charge nor GST on Gold ETF. If you sell Gold ETF, then you are transferred directly to your bank account, not physical gold but equal to it. To trade Gold ETF, you must have a demat account.
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