What is SCBGOLD Fund?
The SCBGOLD Fund is a mutual fund that primarily invests in gold and gold-related assets, such as gold futures and exchange-traded funds (ETFs) that track the price of gold. The fund aims to provide capital appreciation by investing in instruments that reflect the value of gold.
Key Features of SCBGOLD Fund
- Gold Exposure: This fund offers direct exposure to the price of gold, which is beneficial for investors looking to hedge against inflation or currency devaluation.
- Convenience: Instead of buying and storing physical gold, investors can gain exposure to gold via the fund, making it a convenient alternative.
- Diversification: While the fund primarily invests in gold, it may also include gold-related securities, further diversifying the portfolio.
- Risk Management: Like all investments, the SCBGOLD Fund carries risks. The price of gold can be volatile, and changes in market conditions, geopolitical events, or changes in interest rates can impact its performance.
- Accessibility: SCBGOLD is easily accessible to retail investors. The fund is available through SCB Asset Management, making it easy for investors to buy and redeem units. shutdown123