Achi news desk-
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- Explanation of the return of benefits for investing in an ETF (money in the stock market)
New Delhi15 hours ago
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Money exchange-traded funds are rapidly growing in popularity. Due to this, the asset under management (AUM) of silver ETFs crossed Rs 5,000 crore in April. AUM is the money given by investors to finance investment houses.
Using a money ETF, you can invest in stocks like money. It has given returns of more than 10% in the last year. In such a situation, if you are also planning to invest in money, then today we are telling you about a money basket certificate.
First of all, understand what an ETF is?
The facility for buying shares like silver is called Silver ETF. These are exchange-traded funds, which can be bought and sold on exchanges. Since the benchmark for a silver ETF is spot silver prices, you can purchase it at a price close to the actual silver price.
There are many advantages of investing in silver ETFs
- You can buy money even in small amounts: Buy silver units through a ETF. It facilitates buying money in small amounts or through SIP (Systematic Investment Plan). The price of one unit of silver ETF is currently less than 100 rupees. This means you can start investing in it with less than 100 rupees.
- Money stays safe: Electronic money is held in a demat account where only annual demat fees have to be paid. There is also no fear of theft. Besides the risk of theft of physical money, there is also the expense of securing it.
- Ease of doing business: Silver ETFs can be bought and sold instantly without any hassle. This means you can sell it whenever you need money.
How to invest in a money basket certificate?
To buy a silver ETF, a demat account is required. By this, you can buy units of Silver ETF available on NSE or BSE and the corresponding amount will be deducted from the bank account linked to your Demat account. You can open a Demat account for free through apps like Groww, Upstox and Paytm. After that you can choose the silver ETF of your choice.
