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8 Best Performing Gold Mutual Funds to Invest in 2024

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8 Best Gold Mutual Funds 2024

Updated on May 15, 2024 , 255111 views

Gold has emerged as an important Asset Class in most portfolios given its ability to grow with Inflation and protect the Portfolio from Volatility caused due to a financial and economic crisis.

Today, gold as an investment is available in many forms such as- physical gold, E-Gold, etc. But, Gold Funds have emerged as one of the most popular routes for gold investments. So, let’s have a close look at some of the best Gold Mutual Funds to invest in 2024.

Indians are very culturally inclined towards buying gold, whether for ornamental purposes or even for wealth creation. Also India being the country of various festivals all year round, investors always look at buying gold. While earlier physical gold used to be the choice, Gold Mutual Funds are clearly better in every aspect (except for ornamental purpose where once needs to buy physical gold), with benefits like minimum investment amount, diversification, no Demat account required, SIP growth, etc.

Gold Mutual Funds is a variant of Gold ETFs. A gold ETF (Exchange Traded Fund) is an instrument that is based on gold price or invests in gold bullion. A gold ETF specialises in Investing in a Range of gold securities. Gold Mutual Funds do not directly invest in physical gold but take the same position indirectly by Investing in Gold ETFs. Also, the minimum investment amount one would require to do in Gold Mutual Funds is of INR 1,000 (as monthly SIP). Since this investment is made through a Mutual Fund, investors can opt for systematic investments or withdrawals too. As Gold Mutual Funds units can be bought or sold from the fund house, investors do not face liquidity risks.

How are Gold MFs Taxed?

Gold mutual funds are taxed based on Capital gains made and holding period. If you are holding the fund for less than 3 years, then the capital gains will be taxed as per your income tax slab rate. And, if you've held the fund for at least 3 years, then you have to pay tax at 20%, with indexation benefits, on the Capital Gain made.

Top Performing Gold Funds to Invest in India

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2023 (%)
IDBI Gold Fund Growth ₹19.5584
↓ -0.05
₹4918.32019.714.216.514.8
Aditya Birla Sun Life Gold Fund Growth ₹21.8198
↑ 0.22
₹31617.920.11913.916.314.5
Axis Gold Fund Growth ₹21.9313
↑ 0.02
₹4101819.319.813.916.814.7
SBI Gold Fund Growth ₹21.9049
↓ -0.08
₹1,60418.119.619.713.816.814.1
ICICI Prudential Regular Gold Savings Fund Growth ₹23.2189
↓ -0.12
₹85118.119.819.813.816.413.5
Invesco India Gold Fund Growth ₹21.3021
↓ -0.04
₹6818.319.52013.816.214.5
HDFC Gold Fund Growth ₹22.4289
↓ -0.05
₹1,81118.419.618.913.716.714.1
Nippon India Gold Savings Fund Growth ₹28.7292
↓ -0.02
₹1,70918.219.319.613.616.614.3
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 17 May 24
*Above is list of top Gold Funds having AUM/Net Assets > 25 Crore ordered based on 3 year Calendar year returns.

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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 5.9% 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 (17 May 24) ₹19.5584 ↓ -0.05   (-0.25 %)
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.

DateValue
30 Apr 19₹10,000
30 Apr 20₹14,425
30 Apr 21₹14,357
30 Apr 22₹15,648
30 Apr 23₹17,942
30 Apr 24₹21,203

IDBI Gold Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual 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 17 May 24

DurationReturns
1 Month 0.2%
3 Month 18.3%
6 Month 20%
1 Year 19.7%
3 Year 14.2%
5 Year 16.5%
10 Year
15 Year
Since launch 5.9%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Yash Dhoot31 Jul 230.67 Yr.

Data below for IDBI Gold Fund as on 31 Mar 24

Asset Allocation
Asset ClassValue
Cash0.94%
Other99.06%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
LIC MF Gold ETF
- | -
99%₹49 Cr79,651
↓ -285
Treps
CBLO/Reverse Repo | -
1%₹0 Cr
Net Receivables / (Payables)
Net Current Assets | -
0%₹0 Cr

2. 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 6.6% 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 (16 May 24) ₹21.8198 ↑ 0.22   (1.02 %)
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.

DateValue
30 Apr 19₹10,000
30 Apr 20₹15,103
30 Apr 21₹14,377
30 Apr 22₹15,768
30 Apr 23₹18,040
30 Apr 24₹21,340

Aditya Birla Sun Life Gold Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹458,689.
Net Profit of ₹158,689
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 17 May 24

DurationReturns
1 Month -0.1%
3 Month 17.9%
6 Month 20.1%
1 Year 19%
3 Year 13.9%
5 Year 16.3%
10 Year
15 Year
Since launch 6.6%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Pranav Gupta31 Mar 231.01 Yr.
Haresh Mehta28 Apr 230.93 Yr.

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

Asset Allocation
Asset ClassValue
Cash3.61%
Other96.39%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Aditya BSL Gold ETF
- | -
99%₹311 Cr52,257,587
Clearing Corporation Of India Limited
CBLO/Reverse Repo | -
2%₹5 Cr
Net Receivables / (Payables)
Net Current Assets | -
0%-₹1 Cr

3. 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 6.4% 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 (17 May 24) ₹21.9313 ↑ 0.02   (0.08 %)
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.

DateValue
30 Apr 19₹10,000
30 Apr 20₹15,200
30 Apr 21₹14,512
30 Apr 22₹16,002
30 Apr 23₹18,231
30 Apr 24₹21,672

Axis Gold Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual 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 17 May 24

DurationReturns
1 Month 0.2%
3 Month 18%
6 Month 19.3%
1 Year 19.8%
3 Year 13.9%
5 Year 16.8%
10 Year
15 Year
Since launch 6.4%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Aditya Pagaria9 Nov 212.39 Yr.

Data below for Axis Gold Fund as on 31 Mar 24

Asset Allocation
Asset ClassValue
Cash4.13%
Other95.87%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Axis Gold ETF
- | -
98%₹400 Cr70,556,428
↑ 646,762
Clearing Corporation Of India Ltd
CBLO/Reverse Repo | -
3%₹11 Cr
Net Receivables / (Payables)
Net Current Assets | -
0%-₹1 Cr

4. SBI Gold Fund

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 CAGR/Annualized return of 6.4% since its launch.  Return for 2023 was 14.1% , 2022 was 12.6% and 2021 was -5.7% .

Below is the key information for SBI Gold Fund

SBI Gold Fund
Growth
Launch Date 12 Sep 11
NAV (17 May 24) ₹21.9049 ↓ -0.08   (-0.34 %)
Net Assets (Cr) ₹1,604 on 31 Mar 24
Category Gold - Gold
AMC SBI Funds Management Private Limited
Rating
Risk Moderately High
Expense Ratio 0.24
Sharpe Ratio 0.33
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.

DateValue
30 Apr 19₹10,000
30 Apr 20₹14,911
30 Apr 21₹14,363
30 Apr 22₹15,816
30 Apr 23₹18,079
30 Apr 24₹21,469

SBI Gold Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹458,689.
Net Profit of ₹158,689
Invest Now

Returns for SBI 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 17 May 24

DurationReturns
1 Month 0.2%
3 Month 18.1%
6 Month 19.6%
1 Year 19.7%
3 Year 13.8%
5 Year 16.8%
10 Year
15 Year
Since launch 6.4%
Historical performance (Yearly) on absolute basis
YearReturns
2023 14.1%
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%
Fund Manager information for SBI Gold Fund
NameSinceTenure
Raviprakash Sharma12 Sep 1112.56 Yr.

Data below for SBI Gold Fund as on 31 Mar 24

Asset Allocation
Asset ClassValue
Cash1.66%
Other98.34%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
SBI Gold ETF
- | -
100%₹1,603 Cr274,573,547
↓ -3,244,381
Treps
CBLO/Reverse Repo | -
0%₹5 Cr
Net Receivable / Payable
CBLO | -
0%-₹4 Cr

5. ICICI Prudential Regular Gold Savings Fund

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 CAGR/Annualized return of 6.9% since its launch.  Return for 2023 was 13.5% , 2022 was 12.7% and 2021 was -5.4% .

Below is the key information for ICICI Prudential Regular Gold Savings Fund

ICICI Prudential Regular Gold Savings Fund
Growth
Launch Date 11 Oct 11
NAV (17 May 24) ₹23.2189 ↓ -0.12   (-0.51 %)
Net Assets (Cr) ₹851 on 31 Mar 24
Category Gold - Gold
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 0.4
Sharpe Ratio 0.35
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.

DateValue
30 Apr 19₹10,000
30 Apr 20₹14,823
30 Apr 21₹14,228
30 Apr 22₹15,632
30 Apr 23₹17,815
30 Apr 24₹21,126

ICICI Prudential Regular Gold Savings Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹458,689.
Net Profit of ₹158,689
Invest Now

Returns for ICICI Prudential Regular 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 17 May 24

DurationReturns
1 Month 0.4%
3 Month 18.1%
6 Month 19.8%
1 Year 19.8%
3 Year 13.8%
5 Year 16.4%
10 Year
15 Year
Since launch 6.9%
Historical performance (Yearly) on absolute basis
YearReturns
2023 13.5%
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%
Fund Manager information for ICICI Prudential Regular Gold Savings Fund
NameSinceTenure
Manish Banthia27 Sep 1211.52 Yr.
Nishit Patel29 Dec 203.26 Yr.

Data below for ICICI Prudential Regular Gold Savings Fund as on 31 Mar 24

Asset Allocation
Asset ClassValue
Cash2.54%
Other97.46%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Pru Gold ETF
- | -
99%₹846 Cr144,894,863
↑ 654,994
Treps
CBLO/Reverse Repo | -
1%₹10 Cr
Net Current Assets
Net Current Assets | -
1%-₹6 Cr

6. 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 6.3% 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 (17 May 24) ₹21.3021 ↓ -0.04   (-0.20 %)
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.

DateValue
30 Apr 19₹10,000
30 Apr 20₹14,925
30 Apr 21₹14,387
30 Apr 22₹15,893
30 Apr 23₹18,070
30 Apr 24₹21,413

Invesco India Gold Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual 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 17 May 24

DurationReturns
1 Month -0.6%
3 Month 18.3%
6 Month 19.5%
1 Year 20%
3 Year 13.8%
5 Year 16.2%
10 Year
15 Year
Since launch 6.3%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Krishna Cheemalapati4 Jan 204.24 Yr.

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

Asset Allocation
Asset ClassValue
Cash2.59%
Other97.41%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Invesco India Gold ETF
- | -
99%₹67 Cr113,458
↑ 415
Triparty Repo
CBLO/Reverse Repo | -
1%₹1 Cr
Net Receivables / (Payables)
Net Current Assets | -
0%₹0 Cr

7. HDFC Gold Fund

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 CAGR/Annualized return of 6.7% since its launch.  Return for 2023 was 14.1% , 2022 was 12.7% and 2021 was -5.5% .

Below is the key information for HDFC Gold Fund

HDFC Gold Fund
Growth
Launch Date 24 Oct 11
NAV (17 May 24) ₹22.4289 ↓ -0.05   (-0.20 %)
Net Assets (Cr) ₹1,811 on 31 Mar 24
Category Gold - Gold
AMC HDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 0.54
Sharpe Ratio 0.35
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.

DateValue
30 Apr 19₹10,000
30 Apr 20₹15,000
30 Apr 21₹14,385
30 Apr 22₹15,836
30 Apr 23₹18,031
30 Apr 24₹21,415

HDFC Gold Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹458,689.
Net Profit of ₹158,689
Invest Now

Returns for HDFC 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 17 May 24

DurationReturns
1 Month 0.1%
3 Month 18.4%
6 Month 19.6%
1 Year 18.9%
3 Year 13.7%
5 Year 16.7%
10 Year
15 Year
Since launch 6.7%
Historical performance (Yearly) on absolute basis
YearReturns
2023 14.1%
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%
Fund Manager information for HDFC Gold Fund
NameSinceTenure
Arun Agarwal15 Feb 231.13 Yr.
Nirman Morakhia15 Feb 231.13 Yr.

Data below for HDFC Gold Fund as on 31 Mar 24

Asset Allocation
Asset ClassValue
Cash1.84%
Other98.16%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Gold ETF
- | -
100%₹1,810 Cr310,405,821
↓ -34,567
Treps - Tri-Party Repo
CBLO/Reverse Repo | -
0%₹4 Cr
Net Current Assets
Net Current Assets | -
0%-₹3 Cr

8. 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 8.3% 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 (17 May 24) ₹28.7292 ↓ -0.02   (-0.07 %)
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.

DateValue
30 Apr 19₹10,000
30 Apr 20₹15,079
30 Apr 21₹14,331
30 Apr 22₹15,745
30 Apr 23₹17,952
30 Apr 24₹21,255

Nippon India Gold Savings Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual 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 17 May 24

DurationReturns
1 Month 0.1%
3 Month 18.2%
6 Month 19.3%
1 Year 19.6%
3 Year 13.6%
5 Year 16.6%
10 Year
15 Year
Since launch 8.3%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Himanshu Mange23 Dec 230.27 Yr.

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

Asset Allocation
Asset ClassValue
Cash1.29%
Other98.71%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Nippon India ETF Gold BeES
- | -
100%₹1,709 Cr301,830,489
↑ 740,000
Triparty Repo
CBLO/Reverse Repo | -
1%₹11 Cr
Net Current Assets
Net Current Assets | -
1%-₹10 Cr
Cash Margin - Ccil
CBLO | -
0%₹0 Cr

Top 4 Benefits of Gold Investments

Hedge Against Inflation

Gold acts as a hedge against inflation. Gold's value rises when inflation rises. During the inflationary time, gold is a more stable investment than cash.

Liquidity

Gold Investment offers investors the chance to trade it during emergencies or when they need cash. As it is fairly liquid in nature, it ensures that it is easy to sell. Different instruments offer differing levels of liquidity, Gold ETFs may be the most liquid of all options.

Offers Diversification

Gold investment can act as a safety net against Market volatility. Gold investment or gold as an asset class has a low correlation with the equity or stock markets. So when the equity markets are down, your gold investment may outperform.

Valuable Asset

Gold has managed to maintain its value over time for many years. It is known as a stable investment with very steady returns. One does not expect to make very high returns in long periods by Investing in Gold but moderate returns can be expected. In certain short periods, superlative returns can also be made.

Who Can Invest Gold Mutual Funds?

Gold Mutual Funds are suited for investors who do not have a Demat Account and are not investors in stocks. Here, the fund collects money from you to invest in ETF units via the stock exchange. Since this investment is made through a Mutual Fund, investors can opt for systematic investments or withdrawals too. As Gold Mutual Fund’s units can be bought or sold from the fund house, investors do not face liquidity risks.

How Invest in Gold Funds Online?

  1. Open Free Investment Account for Lifetime at Fincash.com.

  2. Complete your Registration and KYC Process

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FAQs

1. What should I look for while investing in gold mutual funds?

A: Most gold mutual funds are known to produce good returns. However, when you plan on investing in a particular fund, you must compare its valuation. For example, SBI Gold Fund has shown a growth rate of 27.4% compared to the ICICI Prudential Regular Growth Savings Fund that has a growth rate of 26.6%. However, the Net Asset Value or NAV of ICICI is Rs. 16.5363, which is higher than SBI's, at Rs. 15.5627. Thus, while investing in a gold mutual fund, you will have to evaluate the growth rate, the NAV, the ROI over one year, three years, and five years before you select a particular fund.

2. Why should I invest in a gold fund?

A: Given the market volatility, the gold mutual fund offers a certain amount of cushioning and assures investors of regular returns. Although gold prices vary, it will not go below the investment value. Hence, you can be assured that your investment will never be at a loss.

3. Will I have to pay taxes on the gold fund?

A: The gold mutual funds are taxable similar to that of physical gold. However, as you will be earning a return on your investment, you will have to add it to your gross Income. Thus, your income will become taxable. This is as per the new taxation regime. Additionally, if the investment is for three years and more, this falls under long-term investments, making the earning taxable.

4. Why should I invest in SBI Gold?

A: The SBI is a name that draws confidence, and SBI Gold has shown steady growth in the past eight years. Its current value is Rs. 9.09 lakhs and has a growth rate of over 16.62% per annum.

5. Why should I invest in Axis Gold Fund?

A: The Axis Gold Fund has shown robust returns since it started in 2011. The NAV of the Axis Gold Fund is Rs.15.564 and has shown returns of 13.3% for the 5-year investment duration. Even if you invest in the Axis Gold Fund for six months, you can expect returns of 2.5%. Historically Axis Gold Fund has shown a return of 26.9%.

6. Why should I invest in Kotak Gold Fund?

A: Kotak Gold Fund is one of the best performing in this portfolio of investments. The current value of the Kotak Gold is Rs. 9.15 lakh. You can also expect a return of 16.88% per annum from your investment.

7. Is investing in gold funds safe?

A: Yes, investing in a gold fund is safest as it is bound to produce good returns. Although the price of gold fluctuates, it will not go below your investment.

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.
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Sudarsanam Sridharan, posted on 7 Dec 21 4:54 PM

Really a useful knowledge. for investment decision.espically for gold and global fund investments.

GANESAN V, posted on 12 Oct 21 1:15 PM

Very informative.

LAKSHMI, posted on 8 Sep 19 7:34 AM

Which gold investment fund will be good for me pls suggest for 1- 1.3 years

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