Gold Fund Account Types

• Gold Exchange-Traded Fund (ETF) Account:
• Allows investors to buy and sell shares that represent ownership in a gold fund, which tracks the price of physical gold.
• Requires a demat account for trading.
• Offers the option of physical delivery of gold after exceeding a certain quantity.
• Gold Savings Fund Account:
• Also known as a "gold fund," this account invests in an underlying gold ETF.
• Investors hold units in a paper form reflected in their mutual fund account statement.
• Suitable for those without a demat account.

Gold Fund Broker Account Opening Process

• Choose a Broker:
• Select a reputable broker that offers gold fund accounts.
• Complete the Application:
• Fill out the online account opening form provided by the broker.
• Document Submission:
• Upload required documents:
• Proof of ID: Color copy of a government-issued ID or passport.
• Proof of Residence: Recent utility bill (electricity, phone, etc.) dated within the last six months.
• Verification:
• The broker will verify your identity and residence to comply with AML regulations.
• Ensure all documents are uploaded correctly to avoid delays.
• Account Activation:
• Once verified, you will receive your account login details.
• You can then access your account to start trading in gold funds.
• Fund Your Account:
• Deposit funds into your trading account using various methods (bank transfer, credit card, etc.).
• Start Trading:
• Begin trading by selecting your desired gold fund and executing orders.