Wonderfully explained. Thanks a lot!

Quote Originally Posted by tigershark View Post
What is Paper Gold?

What is GOLD ETF?

What is Gold Fund of Funds?

Expenses for investor on ‘GOLD ETF’ and ‘Gold Fund of Funds’?

Which one should I buy ‘GOLD ETF’ and ‘Gold Fund of Funds’?


What is GOLDEX?
GOLDEX is the code to buy a Demat Gold (Gold ETF) on the ICICIDirect.com website. Even though it is a Gold Mutual Fund, you can buy it from the stock exchanges as shares. Each unit of Gold ETF represent 1 gram of gold price.
Here are the popular codes for some Gold ETFs -
1. Benchmark Gold ETF – GOLDEX
2. Reliance Gold ETF – RELGOL
3. Kotak Gold ETF – KOTGOL
4. UTI Gold ETF – GOLDSHARE

Source – economictimes.com
a. However, I am able to buy GOLDEX in SIP format in ICICI. How could that be possible, when Gold ETF's are not supposed to be providing in SIP format?
b. How do the additional charges vary between "Paper Gold" and "Gold ETF" and pros and cons investing in "Paper Gold" and "Gold ETF"?