What is Kotak Gold ETF?
Enjoy the security of investing in gold with the Kotak Gold ETF scheme. Kotak Gold ETF is an open-ended Exchange Traded Fund, which invests in physical gold and endeavors to track the domestic spot price of gold as closely as possible. Thus it provides an option to invest in gold without taking physical delivery of gold. Each unit of the KGETF is approximately equal to 1 gram of gold. Thus the investment objective of the scheme is to generate returns that are in line with the returns on investment in physical gold, subject to tracking error.
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Allotment Date: 27th July 2007 |
Benefits of investing in Gold ETFs
- Good control on quality of gold
- Low cost of Holding
- No risk of theft
- Available in small denominations
- Payment of wealth tax not required
- Long term investment
- Long term capital gain tax can be availed after 1 year
Want to buy Kotak Gold ETF online?
Buy through your Broker:
| 1. | Open a trading & demat account with a broker affiliated with National Stock Exchange (in case you don’t have an existing one) |
| 2. | Place an order for Kotak Gold ETF units with your broker. NSE symbol for Kotak Gold ETF is “KOTAKGOLD” & ISIN Code of NSE is INF373I01015 |
| 3. | Broker executes the order on the NSE terminal |
| 4. | Broker confirms the order to you and issues Contract Note for the trade |
| 5. | You issue the Demat instructions and the Cheque for the purchase consideration (in case the DP and Broker are different) |
| 6. | Units are credited to your demat account on Trade Day + 2nd day |
Note: Similar process applies for sale transactions
Buy through your Online Trading Account:
| 1. | Open an Online Trading & Demat account with a broker affiliated with National Stock Exchange (in case you don’t have an existing one) |
| 2. | Log on to the web site of an online trading portal (kotaksec.com, icicidirect.com, hdfcsec.com etc) Use your login ID & password to access your account. |
| 3. | Place the buy order for the purchase of specified number of Kotak Gold ETF Units (The input code for purchase/sale of Kotak Gold ETF Units has to be ascertained from the broker with whom you have registered for online trading. *Few online trading codes are mentioned below) |
| 4. | Web system debits your bank account (Fund transfer through linked savings account) and credits your demat account with the units on Trade date + 2nd day |
Note: Similar process applies for sale transactions
| *Kotak Gold ETF Online Trading Codes | |
|---|---|
| Bloomberg | KOGOLD |
| HDFC Securities | KOTGOL |
| ICICI Direct | KOTGOL |
| Kotak Securities | KOTAKGOLD |
| India bulls | KOTAKGOLD |
| Motilal Oswal | KOTAKGOLD |
| Reuters | KTGF.NS |
| Sharekhan | KOTAKGOLD |
Want to buy other Kotak Mutual Fund schemes online?
If you are an existing Kotak Mutual Fund investor, click here to invest online
If you are a new investor, make your first transaction through a Mutual Fund distributor first. Then, follow these steps to generate your PIN:
| 1. Apply for PIN to start your online transaction. Click here for the Pin Request Form. | |
| 2. Submit the Pin Request form at: | |
| a. any of the Kotak Mutual Fund branches (click here to view list of branches) OR | |
| b. any of the CAMS Investor Service Centers. | |
| 3. Now transact online with your folio number and your newly generated Pin number |