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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 2022. So, let us have a glance at the performance of the top 10 Best Gold Funds for the year 2022 on the Basis of returns.
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Fund NAV Net Assets (Cr) 2022 (%) 2021 (%) 2020 (%) 2019 (%) 2018 (%) Invesco India Gold Fund Growth ₹17.2017
↑ 0.06 ₹63 12.8 -5.5 27.2 21.4 6.6 ICICI Prudential Regular Gold Savings Fund Growth ₹18.7074
↑ 0.06 ₹703 12.7 -5.4 26.6 22.7 7.4 HDFC Gold Fund Growth ₹18.1118
↑ 0.08 ₹1,512 12.7 -5.5 27.5 21.7 6.6 SBI Gold Fund Growth ₹17.6311
↑ 0.05 ₹1,341 12.6 -5.7 27.4 22.8 6.4 Axis Gold Fund Growth ₹17.6993
↑ 0.06 ₹328 12.5 -4.7 26.9 23.1 8.3 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Aug 23
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 Below is the key information for Invesco India Gold Fund Returns up to 1 year are on ICICI Prudential Regular Gold Savings Fund (the Scheme) is a fund of funds scheme with the primary objective to generate returns by investing in units of ICICI Prudential Gold Exchange Traded Fund (IPru Gold ETF).
However, there can be no assurance that the investment objectives of the Scheme will be realized. ICICI Prudential Regular Gold Savings Fund is a Gold - Gold fund was launched on 11 Oct 11. It is a fund with Moderately High risk and has given a Below is the key information for ICICI Prudential Regular Gold Savings Fund Returns up to 1 year are on To seek capital appreciation by investing in units of HDFC Gold Exchange Traded Fund (HGETF). HDFC Gold Fund is a Gold - Gold fund was launched on 24 Oct 11. It is a fund with Moderately High risk and has given a Below is the key information for HDFC Gold Fund Returns up to 1 year are on The scheme seeks to provide returns that closely correspond to returns provided by SBI - ETF Gold (Previously known as SBI GETS). SBI Gold Fund is a Gold - Gold fund was launched on 12 Sep 11. It is a fund with Moderately High risk and has given a Below is the key information for SBI Gold Fund Returns up to 1 year are on 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 Below is the key information for Axis Gold Fund Returns up to 1 year are on 1. Invesco India Gold Fund
CAGR/Annualized
return of 4.7% since its launch. Return for 2022 was 12.8% , 2021 was -5.5% and 2020 was 27.2% . Invesco India Gold Fund
Growth Launch Date 5 Dec 11 NAV (22 Aug 23) ₹17.2017 ↑ 0.06 (0.34 %) Net Assets (Cr) ₹63 on 31 Jul 23 Category Gold - Gold AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 0.47 Sharpe Ratio 0.59 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 30 Sep 18 ₹10,000 30 Sep 19 ₹12,254 30 Sep 20 ₹15,917 30 Sep 21 ₹14,246 30 Sep 22 ₹15,569 30 Sep 23 ₹17,662 Returns for Invesco India Gold Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 22 Aug 23 Duration Returns 1 Month -1.2% 3 Month -4.2% 6 Month 3.5% 1 Year 13.4% 3 Year 2.9% 5 Year 13.3% 10 Year 15 Year Since launch 4.7% Historical performance (Yearly) on absolute basis
Year Returns 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% 2013 -7.6% Fund Manager information for Invesco India Gold Fund
Name Since Tenure Krishna Cheemalapati 4 Jan 20 3.66 Yr. Data below for Invesco India Gold Fund as on 31 Jul 23
Asset Allocation
Asset Class Value Cash 2.62% Other 97.38% Top Securities Holdings / Portfolio
Name Holding Value Quantity Invesco India Gold ETF
- | -99% ₹62 Cr 117,715
↑ 75 Triparty Repo
CBLO/Reverse Repo | -1% ₹1 Cr Net Receivables / (Payables)
CBLO | -0% ₹0 Cr 2. ICICI Prudential Regular Gold Savings Fund
CAGR/Annualized
return of 5.4% since its launch. Return for 2022 was 12.7% , 2021 was -5.4% and 2020 was 26.6% . ICICI Prudential Regular Gold Savings Fund
Growth Launch Date 11 Oct 11 NAV (22 Aug 23) ₹18.7074 ↑ 0.06 (0.33 %) Net Assets (Cr) ₹703 on 31 Jul 23 Category Gold - Gold AMC ICICI Prudential Asset Management Company Limited Rating ☆ Risk Moderately High Expense Ratio 0.4 Sharpe Ratio 0.69 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-15 Months (2%),15 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 30 Sep 18 ₹10,000 30 Sep 19 ₹12,147 30 Sep 20 ₹16,024 30 Sep 21 ₹14,477 30 Sep 22 ₹15,628 30 Sep 23 ₹17,766 Returns for ICICI Prudential Regular Gold Savings Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 22 Aug 23 Duration Returns 1 Month -1.4% 3 Month -3.9% 6 Month 3.7% 1 Year 12.6% 3 Year 2.6% 5 Year 13.1% 10 Year 15 Year Since launch 5.4% Historical performance (Yearly) on absolute basis
Year Returns 2022 12.7% 2021 -5.4% 2020 26.6% 2019 22.7% 2018 7.4% 2017 0.8% 2016 8.9% 2015 -5.1% 2014 -9.2% 2013 -6.7% Fund Manager information for ICICI Prudential Regular Gold Savings Fund
Name Since Tenure Manish Banthia 27 Sep 12 10.93 Yr. Nishit Patel 29 Dec 20 2.67 Yr. Data below for ICICI Prudential Regular Gold Savings Fund as on 31 Jul 23
Asset Allocation
Asset Class Value Cash 1.75% Other 98.25% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Pru Gold ETF
- | -100% ₹714 Cr 137,571,884
↑ 2,539,926 Treps
CBLO/Reverse Repo | -0% ₹2 Cr Net Current Assets
Net Current Assets | -0% -₹1 Cr 3. HDFC Gold Fund
CAGR/Annualized
return of 5.2% since its launch. Return for 2022 was 12.7% , 2021 was -5.5% and 2020 was 27.5% . HDFC Gold Fund
Growth Launch Date 24 Oct 11 NAV (22 Aug 23) ₹18.1118 ↑ 0.08 (0.45 %) Net Assets (Cr) ₹1,512 on 30 Jun 23 Category Gold - Gold AMC HDFC Asset Management Company Limited Rating ☆ Risk Moderately High Expense Ratio 0.54 Sharpe Ratio 0.54 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 300 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 30 Sep 18 ₹10,000 30 Sep 19 ₹12,184 30 Sep 20 ₹16,253 30 Sep 21 ₹14,593 30 Sep 22 ₹15,792 30 Sep 23 ₹17,984 Returns for HDFC Gold Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 22 Aug 23 Duration Returns 1 Month -1.4% 3 Month -3.9% 6 Month 3.8% 1 Year 13.1% 3 Year 2.7% 5 Year 13.3% 10 Year 15 Year Since launch 5.2% Historical performance (Yearly) on absolute basis
Year Returns 2022 12.7% 2021 -5.5% 2020 27.5% 2019 21.7% 2018 6.6% 2017 2.8% 2016 10.1% 2015 -7.3% 2014 -9.8% 2013 -7.2% Fund Manager information for HDFC Gold Fund
Name Since Tenure Arun Agarwal 15 Feb 23 0.54 Yr. Nirman Morakhia 15 Feb 23 0.54 Yr. Data below for HDFC Gold Fund as on 30 Jun 23
Asset Allocation
Asset Class Value Cash 1.89% Other 98.11% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Gold ETF
- | -100% ₹1,569 Cr 301,783,048
↑ 3,845,756 Treps - Tri-Party Repo
CBLO/Reverse Repo | -0% ₹2 Cr Net Current Assets
Net Current Assets | -0% -₹1 Cr 4. SBI Gold Fund
CAGR/Annualized
return of 4.9% since its launch. Return for 2022 was 12.6% , 2021 was -5.7% and 2020 was 27.4% . SBI Gold Fund
Growth Launch Date 12 Sep 11 NAV (22 Aug 23) ₹17.6311 ↑ 0.05 (0.29 %) Net Assets (Cr) ₹1,341 on 30 Jun 23 Category Gold - Gold AMC SBI Funds Management Private Limited Rating ☆☆ Risk Moderately High Expense Ratio 0.28 Sharpe Ratio 0.53 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 30 Sep 18 ₹10,000 30 Sep 19 ₹12,262 30 Sep 20 ₹16,321 30 Sep 21 ₹14,738 30 Sep 22 ₹15,935 30 Sep 23 ₹18,170 Returns for SBI Gold Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 22 Aug 23 Duration Returns 1 Month -1.7% 3 Month -4.1% 6 Month 3.6% 1 Year 13% 3 Year 2.8% 5 Year 13.5% 10 Year 15 Year Since launch 4.9% Historical performance (Yearly) on absolute basis
Year Returns 2022 12.6% 2021 -5.7% 2020 27.4% 2019 22.8% 2018 6.4% 2017 3.5% 2016 10% 2015 -8.1% 2014 -10.2% 2013 -6.6% Fund Manager information for SBI Gold Fund
Name Since Tenure Raviprakash Sharma 12 Sep 11 11.98 Yr. Data below for SBI Gold Fund as on 30 Jun 23
Asset Allocation
Asset Class Value Cash 1.52% Other 98.48% Top Securities Holdings / Portfolio
Name Holding Value Quantity SBI Gold ETF
- | -100% ₹1,395 Cr 267,839,586
↑ 3,400,000 Treps
CBLO/Reverse Repo | -0% ₹3 Cr Net Receivable / Payable
CBLO | -0% -₹3 Cr 5. Axis Gold Fund
CAGR/Annualized
return of 4.9% since its launch. Return for 2022 was 12.5% , 2021 was -4.7% and 2020 was 26.9% . Axis Gold Fund
Growth Launch Date 20 Oct 11 NAV (22 Aug 23) ₹17.6993 ↑ 0.06 (0.31 %) Net Assets (Cr) ₹328 on 31 Jul 23 Category Gold - Gold AMC Axis Asset Management Company Limited Rating ☆ Risk Moderately High Expense Ratio 0.27 Sharpe Ratio 0.76 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 30 Sep 18 ₹10,000 30 Sep 19 ₹12,216 30 Sep 20 ₹16,285 30 Sep 21 ₹14,774 30 Sep 22 ₹15,988 30 Sep 23 ₹18,274 Returns for Axis Gold Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 22 Aug 23 Duration Returns 1 Month -1.5% 3 Month -4% 6 Month 3.6% 1 Year 13.3% 3 Year 2.8% 5 Year 13.6% 10 Year 15 Year Since launch 4.9% Historical performance (Yearly) on absolute basis
Year Returns 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% 2013 -7.5% Fund Manager information for Axis Gold Fund
Name Since Tenure Aditya Pagaria 9 Nov 21 1.81 Yr. Data below for Axis Gold Fund as on 31 Jul 23
Asset Allocation
Asset Class Value Cash 4.35% Other 95.65% Top Securities Holdings / Portfolio
Name Holding Value Quantity Axis Gold ETF
- | -97% ₹325 Cr 64,056,809
↑ 553,457 Clearing Corporation Of India Ltd
CBLO/Reverse Repo | -3% ₹9 Cr Net Receivables / (Payables)
CBLO | -0% ₹0 Cr