Mutual equity funds are better than gold in the long run. Investing in mutual funds through the SIP is the best option, since mutual funds offer higher returns than gold. Now that we know the basics, let's make a face-to-face comparison of the two assets. Mutual funds are a clear winner if you are looking to generate wealth.
Especially when you consider the ease offered by systematic investment plans. You can invest as little as 500 rupees and increase or decrease the monetary base of your financial comfort. Gold, on the other hand, is a large reserve or value, so keeping a small part of your savings as gold is not a bad idea. However, when wealth creation is the goal, gold falls flat on its face compared to mutual funds.
Mutual funds simply offer a wide variety of variations, permutations and combinations to suit your financial needs. At the end of the day, you're much more likely to get rich from your investments in mutual funds than from your investments in gold. In this case, you regularly invest a fixed amount in digital gold. Investing through the SIP is a convenient option for people who do not have a demo account, necessary to invest in gold ETFs.
A SIP in gold is also more affordable because the investor can deposit a fixed amount each month according to their convenience and budget. Investing in gold through the SIP will allow you to buy gold and accumulate your wealth on a consistent basis. There is a wide range of investment options, from stocks and SIPs to ETFs and even former FDs in which women can invest.