Update: Click here to read about the latest SBI Gold Fund launched on 19 August 2011.
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.