You can now directly invest in a gold mutual fund (MF) scheme through a systematic investment plan (SIP). Reliance Capital Asset Management Co. Ltd has launched India’s first gold MF scheme that will passively track the price movements of gold. Called Reliance Gold Savings Fund (RGSF), it is actually a fund of funds (FoF) scheme that will invest its entire corpus in the MF’s own gold exchange-traded fund (ETF), Reliance Gold ETF.
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