I have query -
1- What is Gold ETF?
2- How to Trade in GOLD ETF?
I have query -
1- What is Gold ETF?
2- How to Trade in GOLD ETF?
Gold - Exchange Traded Funds are Gold ETF. They are like MF.Originally Posted by Mukulz
Just like MF.
What is KYC? Why it is required? Is it there for every customer?
KYC - W.E.F. February 1, 2008, Investors in Mutual Funds investing Rs. 50,000/- and above are required to comply with Know Your Client (KYC) norms under the Prevention of Money Laundering Act 2002 (PMLA). More Info - wikipedia.org
What is difference between dividend and growth in mutual fund? Which one is best for SIP? Please reply.
Income generated from profit of the mutual fund will be given to the unit holders in form of dividends in dividend funds and the income from the fund will be reinvested back into growth fund. So the net effect is that the dividend funds NAV keep decreasing when the MF make dividend payout, but in growth, NAV will keep on growing. So If you want regular income go for dividend and if you want capital gains go for growth funds.
Do NRIs need to open some different account to invest in MF in demat form? (like investing through ICICI Direct.)
Know Your Customer (KYC) refers to the process of verifying the identity of your customers, either before or during the time that they start doing business with you.
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