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Gold and Silver commodity mutual funds have outperformed equity funds in the latest month. Notable performers include Invesco India Gold ETF FoF and Aditya Birla SL Gold Fund. Silver funds led by UTI Silver ETF FoF showed significant returns.
Experts say the silver prices outlook is bullish in the long term but for mutual fund investors, taking precious metal exposure via gold may be a better bet.
Investors can put in a minimum amount of Rs 100 in gold and silver exchange-traded funds by Tata Mutual Fund. However, keep in mind that silver is more a tactical allocation as opposed to gold, which is more a strategic allocation for portfolio diversification.
The schemes are benchmarked against Gold-London Bullion Market association (LBMA), Gold-India, Gold-London AM, and FTSE Gold Mines. Gold-London AM gave around 9.60% in one month.