Can anyone tell if there are any risks (not talking talking about underlying gold price movement risk) in gold mutual funds like https://www.valueresearchonline.com/funds/13190/sbi-gold-fund . I see that people prefer gold etf fund to this. What could be reason?. I know one is exchange traded and the other one one is mutual fund ( with 1% exit load for < 365 days). In fact return wise, the mutual fund return is slightly higher than etc. Are there any liquidity risks in mutual fund route?. Doesn’t etf also not have the liquidity risk?. Would appreciate any input. I think buying via mutual fund will be much simpler.