Closing and Withdrawal of Gold Mutual Funds

How to Close your Gold Mutual Fund investment?

Once the units are redeemed, their amount will appear in your bank account (for Gold Savings Funds and Gold FoF) and your Demat-linked trading account (in the case of Gold ETFs)

Learn about Demat account and trading account here.

Please note that no broker, bank official or bank will call you or email you for any OTP, user-ID, password, PIN or any card number and CVV.

Is Partial Withdrawal allowed in Gold Mutual Funds?

Yes, partial withdrawal is allowed in gold mutual funds:

While redeeming, you can enter the number of units you wish to redeem.
Only those units will be sold or redeemed, and the rest of your investment will remain unaffected.

What is the penalty for partial withdrawal of Gold Mutual Funds?

No, there is no penalty for the partial redemption of gold mutual funds.

Gold mutual funds are virtual ways of investing in gold.
Gold mutual funds are of three types, Gold Savings Fund, Gold Fund of Funds (FoF) and Gold Exchange Traded Fund (ETF).
Gold mutual funds track the gold prices, and their returns are similar to that of gold.

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