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Manappuram Kanaka Deepam (GOLD INVESTMENT SCHEME) - A Challenge to Gold ETF

Manappuram Kanaka Deepam (GOLD INVESTMENT SCHEME) - A Challenge to Gold ETF

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Published by Raghu.G
MANAPPURAM KANAK DEEPAM (GOLD INVESTMENT SCHEME) - A CHALLENGE TO GOLD ETF
MANAPPURAM KANAK DEEPAM (GOLD INVESTMENT SCHEME) - A CHALLENGE TO GOLD ETF

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Published by: Raghu.G on Jul 14, 2010
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11/20/2012

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MANAPPURAM KANAKA DEEPAM - A CHALLENGE TO GOLD ETF
In terms of return if you explore the oppurtunities the best options will be investmentin shares and Gold. With the launching of Gold ETF (Exchange Traded Funds) in Indiaby Bench Mark, a new era of savings has begun. Gold ETFs are open-ended mutualfund schemes that will invest the money collected from investors in standard gold bullion (0.995purity). The investor's holding will be denoted in units, which will be listed on a stock exchange.Currently in India, 7 fund houses are offering Gold ETF, and on an average, investor have gained 27% from these ETFs, since the date of inception. Normally in ETF, fundhouses usually levies a loading /processing fee of 1.5% to 2.5% per instalment, andminimum instalment is based on price for 1 gram. These are the points wereManappuram Kanaka Deepam (Gold Investment Scheme) has got an really upper edgeagainst these gold ETFs . Manappuram Kanaka Deepam has several postive features aslisted below and it is the best Gold Investment Scheme available currently in India. Inother words this can be called as Gold Savings Bank Account1) absence of loading /processing fee2) Minimum amount Rs.250 only3) flexible installments system4) assured return of 7% p.a.5) simple foreclosure/settlement norms6) absence of foreclosure charges7) remittance facility of the instalments through over 1300 branches .8) Longer duration , upto 10 years9) Similar to savings bank account operation10) No restrictions on no. of transactions11) Bank Account & PAN is not mandatoryIf you compare the Manappuram Kanaka Deepam with the other Gold ETFs, annualreturn from Manappuram Kanaka Deepam will be much higher than the return fromGold ETFs simply as it does not levies any upfront/loading fee.Inflation, increasing fisical deficits, crude oil price,uncertainity in Euro & US dollars,recession, diminishing gold mines, increased consumption, reduced supply etc arecommon factor in a growth driven economy, and investment in gold plays as a crucialhedge instrument for arresting these concerns. During the last 9 years average returnfrom the gold is between 16 to 18% . And in almost all the recession period goldhas performed very well and even in the last recession period, the following tablesubstantiate that gold is the best hedging product to challenge both the depressionand the inflation in recession and boom respectively. Currently the NAV (Net AssetValue of all the ETF units are in the range between 1800 - 1900.

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