UTI Gold ETF is a bad Gold ETF with bad performance and bad expense ratio.It makes no sense at all to invest in Goldshare.There is no reason for such a high expense ratio in a passive fund which provides no investing expertise or great advantage.You are better off buying HDFC Gold ETF or Kotak Gold ETF.UTI despite being the oldest mutual fund house in India has come up with a very bad Gold ETF offering.You are best advised to look at the following Gold ETF to make an investment.

Best Gold ETF Fund in India

Goldman Sachs Gold Bees

Kotak Gold ETF Fund

HDFC Gold ETF

Mutual Funds are one of the most common ways to invest in equity and debt and a large mutual fund industry is involved in this endeavour.There are large number of high paying professions in Wall Street which depend on the mutual fund industry which include stock brokers and sales persons.However the amount of cost of mutual funds is not proportionate to the gains they give out.This is the reason that Exchange Traded Funds (ETFs) and passive funds which have lower expense ratios and expenses are gaining billions of dollars in money.The reason is that a large number of mutual funds regularly underperform the benchmarks.This has caused massive heartburn amongst investors who have to pay large amounts of fees for the services of the professional fund managers.This has been the trend historically and found amongst numerous countries as well.Besides the costs of the sales and distribution of these mutual fund with their hefty commissions also falls on the investor ultimately.However the prevailing custom of investing in mutual funds is not easily broken despite the underperformance of the mutual fund industry.Most of the advantages of mutual fund can now be found in ETFs which have much lower costs.They also remove the disadvantages such as the possibility of a bad mutual fund manager.

Credit Cards in our debt and credit fueled economy have become almost as indispensable as cash money.It is impossible to think of days when Credit Cards did not exist.But Credit Cards are a recent phenomenon and their ubiquity is owing to the ease with which Banks give these Cards.The reason is that Banks make a ton of money through the issue and usage of these credit cards at the expense of the consumers.The hidden costs of credit cards are not known to the customers as credit card processors like Mastercard and Visa make billions of dollars each year.This money is taken from the vendors of goods and services which charge you for this extra money that they pay.However Credit Cards also have substantial advantages if they are used wisely.However as we know in case of credit and debt the human mind is not prone to prudence and care.Many Americans have wracked up unsustainable credit card debt and destroyed their lives.The reason is that you get easy credit on thse cards .The incentive of short term pleasure buying stuff from your credit cards is too much to resist for most people.If the credit was unavailable then people would not have fallen into the problem of debt in the first place.

India’s Supreme Court took over the investigation of vast amoutnof black money stashed in foreign money accounts from the compromised government.The ruling Congress party has proven to be remarkably reluctant to take action against corruption and black money despite huge pressure from the civil society and the judiciary.The government itself has ministers who are highly corrupt with a telecom minister in jail and the textile minister who may be on the way as well.Other ministers like the Agricultural Minister Pawar has repeatedly surfaced in numerous scams rocking the country.The Supreme Court has also taken the government to task for granting a retail banking license to the Swiss giant bank UBS.Note UBS had not been given a license as it was under suspicion for facilitating the movement of ill gotten money into Swiss bank accounts

Green Banking in India has started increasing at a rapid pace as concerns over Global Warming increase.Most of India’s Banks are pushing for Clean Technology in their separate ways.Though there is lack of regulation on funding of environment friendly projects,Banks are pushing ahead on their own anyway.India’s Financial Sector has seen the writing on the wall as the largest bank SBI is using Wind Energy for captive consumption to reduce its carbon footprint.The Bank is also reducing the interest rates for Green Projects beside helping in carbon consulting of customers.SBI is also implementing thousands of Green Kiosks to reduce the need for paper.ICICI Bank is helping funding research in clean technology using TFD while Canara Bank has funded almost 50,000 units of Solar Lighting .

Not only that but with the loss of political power,Sun TV executives can no longer manage to intimidate the industry.The Sun TV COO Saxena was hauled off to jail in a cheating case filed by a film producer.Note this would have never happened in the earlier DMK regime as the police would have refused to even lodge a case let alone put Saxena in jail.Crony Capitalism is not without its dangers and betting on these stocks is not a great idea.The reason is that once the political party loses power which happens quite frequently in India then the businesses close to that party come under serious fire.Note Dayanidhi Maran is also facing the heat in the 2G Scam where he has been accused of amassing huge amounts of money by favoring close promoters.When he was the Telecom Minister the whole Sun TV group of companies used state telecom infrastructure for free.The whole lesson from this is that betting on stocks/companies close to the ruling party might not be a good idea.In fact opening an event driven hedge fund might be a good idea using power changes in crony capitalist democracies.Thanksin stocks are rallying Thailand today as his sister has won the elections.