ETFs are exchange traded funds . They are similar to shares in the sense that they can be bought and sold like shares on an exchange platform. The various types of ETFS are:
- Gold Bees
- Liquid Bees
- NIFTY Bees
During NFO: The minimum amount of investment during NFO for Cash is 10000/- and in multiples of 1000/- thereafter. Each unit of Gold BeES being offered will have a face value of 100/- each and will be issued at a premium equivalent to difference between allotment price and the face value of 100/-
Ongoing Basis: Once listed on the exchange, 1 unit of Gold BeES will represent approximately 1 Gram of gold and investors can buy or sell units. The minimum number of units that can be bought or sold is 1 (one) unit.
- A trading account with a broker
- A Demat Account ( since Gold BeES can be settled only in Demat form)
Only in Demat account with T+2 rolling settlement.