No need of Demat and Trading account: Investors can invest in this fund through the regular process of investment. The availability of demat account is an added convenience but not necessary for investment in this fund.
Convenience of Buying / Selling / SIP directly with the AMC: Like any other mutual fund an investor can buy, sell, hold, conduct SIP/STP/SWP in this fund.
Liquidity: An investor can subscribe and redeem the units directly from the AMC on all business days.
Low Cost: Investing in gold through the Kotak Gold Fund in physical application mode enables you to invest at a low cost. The investor does not have to incur the charges for demat account & the brokerage charges. (However, the investors will have to bear the recurring expenses of the scheme, in addition to the expenses of the underlying Scheme.)
Taxation: A Gold investment by means of this fund attracts the benefit of long term capital gain tax after one year of investments only in contrast to physical hoard of Gold where you have to pay short term capital gain tax for a period upto three years. Also the returns of this fund do not attract any wealth tax, which is not the case with physical investment of gold.of gold.
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is kotak sip is tax exempted??
ReplyDeleteHi Navneet,
DeleteAll Sips in Kotak are not tax exempted.
If your query is related to Kotak Gold Fund, the answer to this is No
No tax exemption if you invest in Kotak Gold fund
Which mutual fund schemes give tax benefit
The tax benefit (exemption) is allowed under ELSS (equity linked saving schemes U/s 80 C) and Pension Plan of mutual funds (under section 80C)