Gold mutual fund

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Gold mutual fund

A mutual fund that primarily invests in gold-mining companies' stock.

Gold Mutual Fund

A mutual fund or other investment company that invests predominantly or exclusively in securities related to gold. For example, it may invest in futures contracts or options in gold itself or in stock in gold mining companies. See also: Precious Metals Fund.
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Gold mining stocks, gold mutual funds, and gold mining ETFs provide investments in gold but with limited investments in physical gold bullion.
The example assumes that the costs and fees for buying, owning, and selling gold coins, gold mutual funds, and gold futures ETFs are the same.
On May 28, the Reserve Bank of India (RBI) had barred banks and non-banking finance companies from extending loans against units of gold exchange-traded funds (ETFs) and gold mutual funds.
MUMBAI -- The Reserve Bank of India has said that banks would not be allowed to give loans against units of gold exchange-traded funds (ETFs) and gold mutual funds.
The RBI also said NBFCs should not give loans for the purchase of gold in any form including primary gold, bullion, jewellery, coins, units of gold ETFs and units of gold mutual funds.
THE Reserve Bank of India ( RBI) has barred banks from giving loans against units of gold exchange- traded funds ( ETFs) and gold mutual funds.
As these products are backed by bullion and primary gold, the restriction on grant of loan against gold bullion will be applicable to loan against units of gold ETFs and units of gold mutual funds," RBI said in a statement on Monday.
On Monday, the central bank said that commercial banks in the nation would not be allowed to provide loans against units of gold exchange-traded funds (ETFs) and gold mutual funds.
However, no advance can be given by a bank for purchase of gold in any form, as well as for purchase of gold exchange traded funds and units of gold mutual funds.
Tocqueville manages one of the most successful and award winning gold mutual funds in the US (Tocqueville Gold Fund) which has consistently delivered top quartile performance since 1998.
Certain affiliates of Bexil are engaged in stock market and gold investing through investment management of equity and gold mutual funds and closed end funds.
Incorporated is engaged through subsidiaries in stock market and gold investing through its investment management of equity and gold mutual funds.