I want to invest about 2 lakhs in Gold ETF. Which method should I opt for – Lump Sum buy or SIP method? As gold rate rarely fall sharply, a lump sum investment seems logical. This way my investment would be at a lower value than after a period.
But I have read everywhere that a SIP method is best to invest in Gold ETF. My logic is that I would average out on the small ups and down with a SIP, but the final value would be lower than it would have been if I had inveted lump sum.
Please correct me if I am wrong and suggest the right method.