Top 10 Best Performing Gold Funds for the year 2023

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Top 5 Best Performing Gold Funds for the year 2023

Updated on April 22, 2024 , 555 views

Gold Funds or Gold Mutual Funds refer to the schemes that invest their corpus money in gold ETFs or Exchange Traded Fund. Though Gold ETFs and Gold Funds both are offered by the same fund house but to purchase Gold ETFs customers need to have a Demat account which is not required in case of Gold Funds. In addition, Gold ETFs invest their money in physical gold while the gold funds in Gold ETFs. In Gold Funds, people can invest through SIP mode. These schemes have been able to earn commensurate returns for their investors in 2023. So, let us have a glance at the performance of the top 10 Best Gold Funds for the year 2023 on the Basis of returns.

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Best Performing Gold Funds for the year 2023

Fund	NAV	Net Assets (Cr)	2023 (%)	2022 (%)	2021 (%)	2020 (%)	2019 (%)
IDBI Gold Fund Growth	₹19.1979 ↑ 0.00	₹49	14.8	12	-4	24.2	21.6
Axis Gold Fund Growth	₹21.4495 ↑ 0.11	₹410	14.7	12.5	-4.7	26.9	23.1
Invesco India Gold Fund Growth	₹20.889 ↑ 0.15	₹68	14.5	12.8	-5.5	27.2	21.4
Aditya Birla Sun Life Gold Fund Growth	₹21.1266 ↓ -0.37	₹316	14.5	12.3	-5	26	21.3
Nippon India Gold Savings Fund Growth	₹28.1654 ↑ 0.22	₹1,709	14.3	12.3	-5.5	26.6	22.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Apr 24

Top 5 Performing Gold Funds for the year 2023

1. IDBI Gold Fund

The investment objective of the Scheme will be to generate returns that correspond closely to the returns generated by IDBI Gold Exchange Traded Fund (IDBI GOLD ETF).

IDBI Gold Fund is a Gold - Gold fund was launched on 14 Aug 12. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 5.7% since its launch. Return for 2023 was 14.8% , 2022 was 12% and 2021 was -4% .

Below is the key information for IDBI Gold Fund

IDBI Gold Fund Growth
Launch Date	14 Aug 12
NAV (24 Apr 24)	₹19.1979 ↑ 0.00 (0.02 %)
Net Assets (Cr)	₹49 on 31 Mar 24
Category	Gold - Gold
AMC	IDBI Asset Management Limited
Rating	Not Rated
Risk	Moderately High
Expense Ratio	0.55
Sharpe Ratio	0.35
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	0-12 Months (1%),12 Months and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Mar 19	₹10,000
31 Mar 20	₹13,572
31 Mar 21	₹13,572
31 Mar 22	₹15,372
31 Mar 23	₹17,849
31 Mar 24	₹19,736

IDBI Gold Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹458,689.
Net Profit of ₹158,689 Invest Now

Returns for IDBI Gold Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Apr 24

Duration	Returns
1 Month	9.3%
3 Month	15.2%
6 Month	18.4%
1 Year	17.2%
3 Year	13.9%
5 Year	16.4%
10 Year
15 Year
Since launch	5.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	14.8%
2022	12%
2021	-4%
2020	24.2%
2019	21.6%
2018	5.8%
2017	1.4%
2016	8.3%
2015	-8.7%
2014	0.2%

Fund Manager information for IDBI Gold Fund

Name	Since	Tenure
Yash Dhoot	31 Jul 23	0.67 Yr.

Data below for IDBI Gold Fund as on 31 Mar 24

Asset Allocation

Asset Class	Value
Cash	0.57%
Other	99.43%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
LIC MF Gold ETF - \| -	100%	₹45 Cr	79,936 ↓ -816
Treps CBLO/Reverse Repo \| -	0%	₹0 Cr
Net Receivables / (Payables) Net Current Assets \| -	0%	₹0 Cr

2. Axis Gold Fund

To generate returns that closely correspond to returns generated by Axis Gold ETF.

Axis Gold Fund is a Gold - Gold fund was launched on 20 Oct 11. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 6.3% since its launch. Return for 2023 was 14.7% , 2022 was 12.5% and 2021 was -4.7% .

Below is the key information for Axis Gold Fund

Axis Gold Fund Growth
Launch Date	20 Oct 11
NAV (24 Apr 24)	₹21.4495 ↑ 0.11 (0.54 %)
Net Assets (Cr)	₹410 on 31 Mar 24
Category	Gold - Gold
AMC	Axis Asset Management Company Limited
Rating	☆
Risk	Moderately High
Expense Ratio	0.27
Sharpe Ratio	0.36
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Mar 19	₹10,000
31 Mar 20	₹13,792
31 Mar 21	₹13,827
31 Mar 22	₹15,774
31 Mar 23	₹18,294
31 Mar 24	₹20,220

Axis Gold Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹458,689.
Net Profit of ₹158,689 Invest Now

Returns for Axis Gold Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Apr 24

Duration	Returns
1 Month	8.4%
3 Month	14.6%
6 Month	17.4%
1 Year	18.1%
3 Year	13.4%
5 Year	16.7%
10 Year
15 Year
Since launch	6.3%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	14.7%
2022	12.5%
2021	-4.7%
2020	26.9%
2019	23.1%
2018	8.3%
2017	0.7%
2016	10.7%
2015	-11.9%
2014	-11.4%

Fund Manager information for Axis Gold Fund

Name	Since	Tenure
Aditya Pagaria	9 Nov 21	2.39 Yr.

Data below for Axis Gold Fund as on 31 Mar 24

Asset Allocation

Asset Class	Value
Cash	3.65%
Other	96.35%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Axis Gold ETF - \| -	98%	₹371 Cr	69,909,666 ↑ 711,009
Clearing Corporation Of India Ltd CBLO/Reverse Repo \| -	2%	₹8 Cr
Net Receivables / (Payables) Net Current Assets \| -	0%	-₹1 Cr

3. Invesco India Gold Fund

To provide returns that closely corresponds to returns provided by Invesco India Gold Exchange Traded Fund.

Invesco India Gold Fund is a Gold - Gold fund was launched on 5 Dec 11. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 6.1% since its launch. Return for 2023 was 14.5% , 2022 was 12.8% and 2021 was -5.5% .

Below is the key information for Invesco India Gold Fund

Invesco India Gold Fund Growth
Launch Date	5 Dec 11
NAV (24 Apr 24)	₹20.889 ↑ 0.15 (0.71 %)
Net Assets (Cr)	₹68 on 31 Mar 24
Category	Gold - Gold
AMC	Invesco Asset Management (India) Private Ltd
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	0.47
Sharpe Ratio	0.35
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	0-6 Months (2%),6-12 Months (1%),12 Months and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Mar 19	₹10,000
31 Mar 20	₹13,450
31 Mar 21	₹13,745
31 Mar 22	₹15,550
31 Mar 23	₹18,151
31 Mar 24	₹20,081

Invesco India Gold Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹458,689.
Net Profit of ₹158,689 Invest Now

Returns for Invesco India Gold Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Apr 24

Duration	Returns
1 Month	8.5%
3 Month	15%
6 Month	17.2%
1 Year	18.1%
3 Year	13.2%
5 Year	16.3%
10 Year
15 Year
Since launch	6.1%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	14.5%
2022	12.8%
2021	-5.5%
2020	27.2%
2019	21.4%
2018	6.6%
2017	1.3%
2016	21.6%
2015	-15.1%
2014	-9%

Fund Manager information for Invesco India Gold Fund

Name	Since	Tenure
Krishna Cheemalapati	4 Jan 20	4.24 Yr.

Data below for Invesco India Gold Fund as on 31 Mar 24

Asset Allocation

Asset Class	Value
Cash	2.13%
Other	97.87%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Invesco India Gold ETF - \| -	100%	₹62 Cr	113,043
Triparty Repo CBLO/Reverse Repo \| -	1%	₹0 Cr
Net Receivables / (Payables) Net Current Assets \| -	0%	₹0 Cr

4. Aditya Birla Sun Life Gold Fund

An Open ended Fund of Funds Scheme with the investment objective to provide returns that tracks returns provided by Birla Sun Life Gold ETF (BSL Gold ETF).

Aditya Birla Sun Life Gold Fund is a Gold - Gold fund was launched on 20 Mar 12. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 6.4% since its launch. Return for 2023 was 14.5% , 2022 was 12.3% and 2021 was -5% .

Below is the key information for Aditya Birla Sun Life Gold Fund

Aditya Birla Sun Life Gold Fund Growth
Launch Date	20 Mar 12
NAV (23 Apr 24)	₹21.1266 ↓ -0.37 (-1.74 %)
Net Assets (Cr)	₹316 on 31 Mar 24
Category	Gold - Gold
AMC	Birla Sun Life Asset Management Co Ltd
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	0.49
Sharpe Ratio	0.36
Information Ratio	0
Alpha Ratio	0
Min Investment	100
Min SIP Investment	100
Exit Load	0-365 Days (1%),365 Days and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Mar 19	₹10,000
31 Mar 20	₹13,554
31 Mar 21	₹13,472
31 Mar 22	₹15,412
31 Mar 23	₹17,654
31 Mar 24	₹19,539

Aditya Birla Sun Life Gold Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹447,579.
Net Profit of ₹147,579 Invest Now

Returns for Aditya Birla Sun Life Gold Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Apr 24

Duration	Returns
1 Month	7.2%
3 Month	13%
6 Month	17%
1 Year	16.8%
3 Year	12.8%
5 Year	15.9%
10 Year
15 Year
Since launch	6.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	14.5%
2022	12.3%
2021	-5%
2020	26%
2019	21.3%
2018	6.8%
2017	1.6%
2016	11.5%
2015	-7.2%
2014	-9.4%

Fund Manager information for Aditya Birla Sun Life Gold Fund

Name	Since	Tenure
Pranav Gupta	31 Mar 23	1.01 Yr.
Haresh Mehta	28 Apr 23	0.93 Yr.

Data below for Aditya Birla Sun Life Gold Fund as on 31 Mar 24

Asset Allocation

Asset Class	Value
Cash	3.05%
Other	96.95%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Aditya BSL Gold ETF - \| -	99%	₹291 Cr	52,257,587 ↑ 225,000
Clearing Corporation Of India Limited CBLO/Reverse Repo \| -	1%	₹3 Cr
Net Receivables / (Payables) Net Current Assets \| -	0%	₹0 Cr

5. Nippon India Gold Savings Fund

The investment objective of the Scheme is to seek to provide returns that closely correspond to returns provided by Reliance ETF Gold BeES.

Nippon India Gold Savings Fund is a Gold - Gold fund was launched on 7 Mar 11. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 8.2% since its launch. Return for 2023 was 14.3% , 2022 was 12.3% and 2021 was -5.5% .

Below is the key information for Nippon India Gold Savings Fund

Nippon India Gold Savings Fund Growth
Launch Date	7 Mar 11
NAV (24 Apr 24)	₹28.1654 ↑ 0.22 (0.80 %)
Net Assets (Cr)	₹1,709 on 31 Mar 24
Category	Gold - Gold
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆
Risk	Moderately High
Expense Ratio	0.38
Sharpe Ratio	0.35
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	100
Exit Load	0-1 Years (2%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Mar 19	₹10,000
31 Mar 20	₹13,573
31 Mar 21	₹13,513
31 Mar 22	₹15,549
31 Mar 23	₹17,934
31 Mar 24	₹19,816

Nippon India Gold Savings Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹458,689.
Net Profit of ₹158,689 Invest Now

Returns for Nippon India Gold Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Apr 24

Duration	Returns
1 Month	8.4%
3 Month	14.7%
6 Month	17.6%
1 Year	18.1%
3 Year	13.1%
5 Year	16.4%
10 Year
15 Year
Since launch	8.2%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	14.3%
2022	12.3%
2021	-5.5%
2020	26.6%
2019	22.5%
2018	6%
2017	1.7%
2016	11.6%
2015	-8.1%
2014	-9.8%

Fund Manager information for Nippon India Gold Savings Fund

Name	Since	Tenure
Himanshu Mange	23 Dec 23	0.27 Yr.

Data below for Nippon India Gold Savings Fund as on 31 Mar 24

Asset Allocation

Asset Class	Value
Cash	1.24%
Other	98.76%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Nippon India ETF Gold BeES - \| -	100%	₹1,589 Cr	301,090,489 ↑ 725,000
Triparty Repo CBLO/Reverse Repo \| -	0%	₹4 Cr
Net Current Assets Net Current Assets \| -	0%	-₹4 Cr
Cash Margin - Ccil CBLO \| -	0%	₹0 Cr

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.