Personal Finance Looking to invest in gold mutual funds? Here's all you need to know Updated : August 22, 2020 05:08 PM IST Gold mutual funds are open ended funds that allows the citizens to invest without demat account. In gold MFs, there are asset management firms who purchase gold on investors’ behalf through exchange traded funds (ETFs). The value of these funds is determined by way of Net Asset Value (NAV), which is disclosed at the end of the trading hours. 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.