00:00Our main objective was that if you see till now, many investors are investing in gold in India, but all are investing in physical gold.
00:17And the investors who know that there is also a gold ETF, they invest in gold ETF in many ways and make their profit.
00:24And as soon as the custom duty and import duty decreased, the gold ETF reached 1300 crores in a month.
00:30And in the same way, our main objective of launching this ETF was to tell as many investors as possible that gold ETF exists.
00:41This is a superior way to invest in gold and take advantage of gold's long-term returns and hedge your portfolio.
00:48That's why we launched this scheme to our investors.
00:52What are your plans for gold ETF and what will be your roadmap for gold ETF?
01:00Our roadmap is very straightforward.
01:02On 18th October, our NFO will be over.
01:05After that, we will start the allocation process.
01:08We will try allocation on 24th or 25th October.
01:11After that, the listing happens in 1 or 2 days.
01:14We are trying to list 29th October before Dhanteras.
01:18So that investors who want to invest on Dhanteras or withdraw on Dhanteras can be well-fitted.
01:24So in this way, we are trying to be listed before 29th October.
01:28Before Diwali.
01:30Diwali is coming and the wedding season is also coming.
01:33In this case, buying gold is considered very auspicious.
01:38According to gold ETF, what would be your advice for all our investors who want to invest in Groww Gold ETF?
01:47It is very simple.
01:49If you have been buying physical gold on Diwali or any other festival,
01:57then consider investing in Groww Gold ETF instead of physical gold.
02:04If you are already investing, then it will be very easy for you to understand it.
02:10Invest in it and see daily how it has liquidity or how the price moves.
02:16If you are not investing in gold, then try investing a small amount.
02:21Then you will understand why gold ETF is much better than physical gold.
02:28Alright. Thank you so much Varun for connecting with us.
02:32Thank you so much Bhavna for the invitation and thanks to all the audience for the questions.
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