How To Invest in Gold Mutual Fund Through SIP?

Women and gold share a deep bond for ages. Traditionally, buying gold jewelry or physical gold in the form of bars, coins, etc. has been seen as a form of investment. But times have changed & evolved, so we need to evolve too! Now, you can invest in gold without physically owning it, with no extra charges like GST, making & design charges, no risk of loss, no worries about purity, and no stress about storage. Enter Gold Mutual Funds, a hassle-free and smarter way to invest in gold!

If you’re new to investing, don’t worry! Here’s everything you need to know about SIP in Gold MF. We’ll understand everything about how to invest in gold mutual funds and why it’s beneficial.

What are Gold Mutual Funds?

Gold Mutual Funds are mutual funds that invest in gold and different gold-related assets including Gold ETFs.

What are the Features of Gold Mutual Fund?

• They are professionally managed funds that invest in gold assets on your behalf.
• Gold Mutual funds invest in Gold ETFs and in turn, Gold ETFs invest in physical gold. 
• They are a pure form of investment, hassle-free, and fairly valued.
• There are no additional costs involved like GST, making & design charges, storage charges, etc. Moreover, there are no risks involved like the risk of theft or purity.
• You don’t need a huge amount of money to invest in gold mutual funds, you can start with as low as just ₹100.
• Gold Mutual Funds offer flexibility in investing, as there are two ways to invest: lump sum and SIP.

What is SIP?

SIP means Systematic Investment Plan, it’s a way of investing in Mutual Funds. It allows you to invest a fixed amount in a Mutual Fund regularly, i.e., monthly. This method automates your investment, making it consistent and convenient. Every month, a set amount will be deducted from your bank account and it will get invested in the chosen mutual fund scheme.

If you want to start investing in a well-researched and expert-curated Gold Mutual Fund, then you can check out the Rs.100 Gold Fund on the Lxme App-Investment for women 

What are the Key Features of Lxme’s Rs.100 Gold Fund?

 – Smart way to invest in gold

– Consists of a well-researched Gold mutual Fund, suitable for the long-term

– No GST, making or design charges, and storage, insurance costs

– It’s a fairly valued, hassle-free, and pure form of investment

– Can start investing with just Rs.100

– 3 Years CAGR- 19.82%* (As of 3rd March 2025)

– Curated by experts!

*Mutual funds investments are subject to market risks, read all scheme-related documents carefully. These returns are based on past fund performance and do not indicate future performance growth. 

How To Invest in Gold Mutual Funds Through SIP on the Lxme App?

Following are the steps to invest in a gold mutual fund through SIP,

Step 1: Download & sign up on the Lxme app (if you don’t have the app). If you already have then it’s great you can directly start from the next step.

Step 2: On the Lxme app, look out for “My Money Tab” and click on the same. It will take you to the page as shown in the below screenshot. Then, click on “Open Your Free Lxme Account” and open your investment account, which will take 5 mins, if you are KYC verified. If you are not KYC verified, then our money buddy team will help you with the KYC verification process.

Step 3: Then scroll below in the My Money tab which will show you various mutual fund portfolios, out of which you can select Rs.100 Gold Fund, to invest in Gold Mutual Fund as shown in the below screenshot.

Step 4: After selecting the Rs.100 Gold Fund you’ll be redirected to the below page. You can check the mutual fund details and to invest click on “Invest Now”.

Step 5: Then click on “Monthly SIP”, select the SIP amount (The minimum investment required is Rs.100), select the SIP date, and then click on “Start growing your money”. As shown in the screenshot below.

Step 6: Then you will get an OTP on your mobile number, enter the same, and proceed towards payment. You can make payments through UPI or net banking at your convenience.

Step 7: After payment, your investment will flow as mentioned below

Step 8: Approve your e-nach mandate (E-NACH Mandate is an online permission you give to your bank to automatically deduct payments from your account on a set date. It’s commonly used for SIPs, loan EMIs, and bills) this will automatically invest your money every month in the selected mutual fund.

Step 9: Sit back, relax, and let your money grow over time! Gold Mutual Funds are a long-term investment, so patience is key.

Note: The way you don’t check your gold jewelry prices every day and feel worried in case of a price drop, similarly don’t get worried when there is volatility in the gold prices over the short term because gold is a long-term asset class

Now, you might be thinking is it safe to invest in Lxme? So, to answer your question, yes, Lxme is safe to invest as it is an AMFI-registered mutual fund distributor that is regulated by SEBI. And you can withdraw your money whenever you want through the app.

So, this is how you can do SIP in Gold Mutual Funds. It offers women a smart and hassle-free way to invest in gold without the worries of purity, theft, or storage. By starting small and increasing over time, can help you slowly build your wealth and secure your financial future.

On the Lxme we are running the fun “Golden Girls Savings Challenge” where you can save 50k in just 4 months by investing daily in Gold Mutual Fund. If you are interested you can download the Lxme and check out the savings challenge.

FAQs:

Further read:

• Which is the Best Investment for a Woman? Gold or Diamonds?

• Expert Tips on How Much of Your Portfolio Should Be in Gold?

• What is Nifty and Sensex?