SBI GETS is a Gold ETF by SBI and is open to investors in India. You can invest in this ETF through a stock exchange much like any other stock.
The SBI Gold ETF invests in physical gold, and at any time - it will have 90% – 100% of its investments in gold and gold bullion. Up to 10% of its investments can be in debt and money market instruments.
The expense ratio of this scheme is 2.5% for Plan A and 1.5% for Plan B. Plan A is for retail investors and Plan B for institutional investors. So retail investors should really think about the expenses as 2.5% of average daily net assets.
Bank of Nova Scotia is the gold custodian for this scheme and all the physical gold will be held with either them or sub custodians appointed by them.
The price of SBI Gold ETF is dependent on two things:
- Price of gold: Since this is an ETF that invests in gold, the price and NAV will be dependent on the gold that this ETF owns, and the price movement of gold.
- Demand and supply: At the same time, this is an ETF, so it trades on a stock exchange and therefore the value of the ETF also depends on the how it is trading.
Because of these two factors it is possible that the market price is different from the NAV of the ETF. It can be higher or lower based on the demand in the market.
SBI publishes its latest NAVs on its website and you can find that here. You can take a look at the latest NAV of SBI GETS, and then compare it with the price it is trading at on the stock exchange to find out the difference between NAV and actual market price at any given time.
SBI Gold ETF is one of six Indian gold etfs available to Indian investors right now.
This is a brief summary of this plan and is not a buy or sell recommendation. It doesn’t cover several risk factors related to the price of gold or ETFs..
Ratings:
Loading ...
{ 12 comments… read them below or add one }
sir,
i want to invest in SBI Gold ETF.i want to know what are the procedure to invest in gold
Sir,
i want to invest in SBI Gold ETF.i want to know what are the procedure to invest in gold
thanks ®ards
Sapna
You can invest in it like any other stock or share. You can use your current broker to buy it.
plz send the details how we can invest in sbi gold ETF
we are placed at bahraich (U.P.)
Ritesh you can can buy an ETF just like you buy any stock or share. Do you have a broker? You can buy ETFs from your broker.
Sir,
i want to invest in SBI Gold ETF. I want to know what is the procedure to invest in gold
Attma Nand
Good Morning,
I want to invest in gold ETF, I have read the details, but have some doubts ,
1. If I buy a Gold ETF now, can I sell it in the same bank at anytime I like?
2. what are the additional charges an ETF is subjected to?
3. Any Risk factors?
4. when exactly should I buy , a small advice from you side?
5.
Sir,
i want to invest in SBI Gold ETF.i want to know what are the procedure to invest in gold
thanks ®ards
Bharati.
It is just like a stock or share Bharti. You can buy an ETF in the same way you buy a stock. Contact your broker and he will help you. Here is a post I did on the subject too.
http://www.onemint.com/2009/10/20/how-to-buy-etfs/
If you have any questions, leave a comment, and I will try and answer them.
i am interested in gold etf. so please contact me in -9433098065
interested in SBI GOLD ETF. Please let me know the procedure for this. Can local SBI branch provide help for investment?
pls advise good time to invest in gold etf.Also can i get a market study chart of last 3 years of gold etf.