HDFC Gold Mutual Fund are the newer products in comparison of many other financial instruments. Gold has been shining for very long time now. In last five years, gold has delivered very good return. Gold has been traditionally used as ornaments, they are still widely used as ornaments in rings, chain etc. India is one of the biggest consumer of gold. But in the last few years, with the constant turbulence and volatility in the stock market, Gold is gradually pulling more and more investors everyday.

HDFC Gold Mutual fund are catered to these investors who wants to invest in gold through mutual funds. They are easy to handle and manage. There are other ways of investing in gold also. Exchange Traded funds are fairly popular among them. Looking at the current status of stock market, more and more investors are opting for gold as an alternative for the stocks. Keeping this mind, mutual fund companies are accelerating them to attract customers towards them.

HDFC Gold Mutual fund is a open ended fund of fund scheme which has opened today and will close at October, 21. This will help investors to hedge themselves against stock market volatility. Investors can invest systematically into this stock. HDFC mutual fund house has recently taken the number one spot Indian mutual fund industry overtaking Reliance mutual fund.

HDFC Gold mutual fund will help long term investors to park their money in a good return generating financial instrument. Gold is the flavor of the season and it is expected to remain in same trend for next few years. There are other companies also in the market which are offering Gold mutual funds so better look at the fine prints of those schemes also before going for this one.

As it is Fund of Fund, it is going to invest in those mutual funds. The money collected from this fund would be invested in HDFC GETF (HDFC Gold ETF).

Gold prices have been zooming across the globe and India being the biggest consumer of gold in world is bound to see lot of happening in Gold. With the stock markets tumbling all over, Gold funds have been the favorite pick among investors. 2011 has seen lots of gold funds launched in the country and abundance of investors is pushing even more of mutual fund house to bring Gold fund