Personal Finance Gold or equity mutual funds: Which is a better investment option? Updated : July 18, 2020 04:58 PM IST While gold has always been considered a safe haven investment, the importance of a long-term growth opportunity via equity mutual funds too has gained currency in recent years. However, both of these investments have their own set of pros and cons. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.