HSBC launches 1st-ever gold ETFs in India
How do the 2 funds work? 
Both funds are managed by Dipan S Parikh and the HSBC Gold ETF has no entry or exit loads; the HSBC Gold ETF Fund of Funds charges an exit load of 1.00%.
Plus, your investment is deployed after allotment, making it a pretty hassle-free way to add some gold to your portfolio.
The HSBC Gold ETF puts almost all your money (95% to 100%) into real gold or gold-backed assets, while up to 5% can go into short-term money market securities.
The Fund of Funds (FoF) option invests mostly in the Gold ETF itself, with a tiny slice in debt or money market instruments.
You can start investing with just ₹5,000 during the NFO period, and add more in multiples of ₹1 after that.
Plus, your investment is deployed after allotment, making it a pretty hassle-free way to add some gold to your portfolio.
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