Planning To Invest In Gold Through SIP? Here’s What You Need To Know

If you are looking at a gold SIP, we have all the information you need to understand the process

SIP or a Systematic Investment Plan is a facility offered to investors through which they can invest fixed amounts into various funds at regular intervals. This fixed amount does not need to be very high, it can be as low as Rs 500 and the timeline an investor chooses can be on a weekly, monthly, annually, and semi-annually basis, as per their convenience. Gold is a very sought-after investment. Earlier, people would invest their money in gold by buying jewelry or coins. However, now it is possible to buy or invest in gold digitally through Gold Mutual Funds and a Gold Exchange Traded Fund (ETF). So, if you want to invest your money in gold, these 2 reasons would make it a good choice: 1) Gold is a safe investment, as it's known as a hedge against inflation. In other words, it's considered an investment that beats inflation. 2) Even when the market is going through turbulence, gold prices usually don't fall. Having said that, there could be times when the price of gold does actually fall, but those phases don't last long.