Home Gold Investing Is it the right time to invest in gold funds? Kuka USA

Is it the right time to invest in gold funds? Kuka USA

Is it the right time to invest in gold funds?
I have invested Rs 7 lakh in HDFC Gold Mutual Fund over a period of two months (Rs 1 lakh every week). Knowing the market is currently high, is it the right decision to invest the money in this fund?

–Neethan cutinha

We believe you are trying to avoid the likely volatility in the market by investing elsewhere. However, you need to address two issues. One, a lot of pundits have been predicting a crash or correction even since COVID hit the global economy. However, the market went on to scale new highs. That is why most investment experts have been asking investors to continue with their investments, and avoid any adventure and proceed with utmost caution.

Two, gold is not just another investment. You must understand that it is used as a hedge- when everything goes down it is likely to provide stability. However, investing large sums in gold to avoid volatility may not be a smart idea. In fact, it could be counterproductive. It is not possible to avoid volatility and uncertainty when you are investing in equity for the long term.

You need to get a good financial planner or mutual fund advisor and invest according to your predetermined asset allocation plan. That is the only way to achieve your goals.

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Phillip Peters is an independent journalist, entrepreneur, digital marketer and press release publisher. He has a soft spot for technology, gadgets, cryptos and writing about health and politics. He also loves travelling the world! Phillip has been working with KukaUSA full time since September 2018.