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Why you should invest in ETF?
(From The Economic Times)
In India the mutual funds are no longer investing in equities only. In Budget 2005 the finance minister has proposed to introduce gold exchange traded funds. A gold exchange traded fund will represent gold as the underlying security. Exchange traded fund (ETF) has emerged globally as a new class of 'mutual fund' instruments.
What is an exchange traded fund?
An exchange-traded fund (ETF) is an investment fund that tracks an index and represents a basket of stocks like an index fund, but trades like a stock on an exchange. Investors may buy or sell ETF shares through a broker just as the shares of any publicly traded company. …
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