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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.
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.
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) Invesco India Gold Fund Growth ₹21.6334
↓ -0.22 ₹77 2.9 3.7 27.7 15.8 13.2 14.5 Axis Gold Fund Growth ₹22.2432
↓ -0.16 ₹556 2.2 3.7 27.5 15.7 13.2 14.7 IDBI Gold Fund Growth ₹19.7865
↓ -0.23 ₹57 2.4 4.8 27.7 15.7 12.7 14.8 Aditya Birla Sun Life Gold Fund Growth ₹22.3108
↓ -0.10 ₹371 3.1 5 29.9 15.6 12.9 14.5 SBI Gold Fund Growth ₹22.2437
↓ -0.17 ₹2,028 2.4 4.5 28.7 15.6 13.2 14.1 HDFC Gold Fund Growth ₹22.7762
↓ -0.17 ₹2,295 2.5 3.3 28.5 15.5 13.1 14.1 ICICI Prudential Regular Gold Savings Fund Growth ₹23.5686
↓ -0.18 ₹1,067 2.6 4.6 28.3 15.4 12.9 13.5 Nippon India Gold Savings Fund Growth ₹29.1795
↓ -0.20 ₹1,907 2.6 3.9 28.5 15.4 12.9 14.3 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 9 Oct 24 Gold Funds
having AUM/Net Assets > 25 Crore
ordered based on 3 year Calendar year returns.
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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 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 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 Below is the key information for IDBI Gold Fund Returns up to 1 year are on 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 Below is the key information for Aditya Birla Sun Life 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 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 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 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 Below is the key information for Nippon India Gold Savings Fund Returns up to 1 year are on 1. Invesco India Gold Fund
CAGR/Annualized
return of 6.2% since its launch. Return for 2023 was 14.5% , 2022 was 12.8% and 2021 was -5.5% . Invesco India Gold Fund
Growth Launch Date 5 Dec 11 NAV (09 Oct 24) ₹21.6334 ↓ -0.22 (-1.03 %) Net Assets (Cr) ₹77 on 31 Aug 24 Category Gold - Gold AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 0.45 Sharpe Ratio 1.03 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 19 ₹10,000 30 Sep 20 ₹12,990 30 Sep 21 ₹11,626 30 Sep 22 ₹12,706 30 Sep 23 ₹14,413 30 Sep 24 ₹18,568 Returns for Invesco India Gold Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 9 Oct 24 Duration Returns 1 Month 5.3% 3 Month 2.9% 6 Month 3.7% 1 Year 27.7% 3 Year 15.8% 5 Year 13.2% 10 Year 15 Year Since launch 6.2% 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 Herin Shah 1 Aug 24 0.08 Yr. Data below for Invesco India Gold Fund as on 31 Aug 24
Asset Allocation
Asset Class Value Cash 3.62% Other 96.38% Top Securities Holdings / Portfolio
Name Holding Value Quantity Invesco India Gold ETF
- | -98% ₹75 Cr 118,580
↑ 995 Triparty Repo
CBLO/Reverse Repo | -2% ₹2 Cr Net Receivables / (Payables)
Net Current Assets | -0% ₹0 Cr 2. Axis Gold Fund
CAGR/Annualized
return of 6.4% since its launch. Return for 2023 was 14.7% , 2022 was 12.5% and 2021 was -4.7% . Axis Gold Fund
Growth Launch Date 20 Oct 11 NAV (09 Oct 24) ₹22.2432 ↓ -0.16 (-0.71 %) Net Assets (Cr) ₹556 on 31 Aug 24 Category Gold - Gold AMC Axis Asset Management Company Limited Rating ☆ Risk Moderately High Expense Ratio 0.24 Sharpe Ratio 0.96 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 19 ₹10,000 30 Sep 20 ₹13,331 30 Sep 21 ₹12,094 30 Sep 22 ₹13,088 30 Sep 23 ₹14,959 30 Sep 24 ₹19,234 Returns for Axis Gold Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 9 Oct 24 Duration Returns 1 Month 4.6% 3 Month 2.2% 6 Month 3.7% 1 Year 27.5% 3 Year 15.7% 5 Year 13.2% 10 Year 15 Year Since launch 6.4% 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 2.81 Yr. Data below for Axis Gold Fund as on 31 Aug 24
Asset Allocation
Asset Class Value Cash 4.18% Other 95.82% Top Securities Holdings / Portfolio
Name Holding Value Quantity Axis Gold ETF
- | -97% ₹541 Cr 88,846,377
↑ 6,026,379 Clearing Corporation Of India Ltd
CBLO/Reverse Repo | -3% ₹15 Cr Net Receivables / (Payables)
CBLO | -0% -₹1 Cr 3. IDBI Gold Fund
CAGR/Annualized
return of 5.8% since its launch. Return for 2023 was 14.8% , 2022 was 12% and 2021 was -4% . IDBI Gold Fund
Growth Launch Date 14 Aug 12 NAV (09 Oct 24) ₹19.7865 ↓ -0.23 (-1.13 %) Net Assets (Cr) ₹57 on 31 Aug 24 Category Gold - Gold AMC IDBI Asset Management Limited Rating Risk Moderately High Expense Ratio 0.65 Sharpe Ratio 0.99 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 30 Sep 19 ₹10,000 30 Sep 20 ₹12,616 30 Sep 21 ₹11,628 30 Sep 22 ₹12,689 30 Sep 23 ₹14,420 30 Sep 24 ₹18,713 Returns for IDBI Gold Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 9 Oct 24 Duration Returns 1 Month 4.1% 3 Month 2.4% 6 Month 4.8% 1 Year 27.7% 3 Year 15.7% 5 Year 12.7% 10 Year 15 Year Since launch 5.8% 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 Sumit Bhatnagar 1 Jun 24 0.25 Yr. Data below for IDBI Gold Fund as on 31 Aug 24
Asset Allocation
Asset Class Value Other 100.08% Top Securities Holdings / Portfolio
Name Holding Value Quantity LIC MF Gold ETF
- | -99% ₹57 Cr 87,026
↑ 3,249 Treps
CBLO/Reverse Repo | -1% ₹0 Cr Net Receivables / (Payables)
Net Current Assets | -0% ₹0 Cr 4. Aditya Birla Sun Life Gold Fund
CAGR/Annualized
return of 6.6% since its launch. Return for 2023 was 14.5% , 2022 was 12.3% and 2021 was -5% . Aditya Birla Sun Life Gold Fund
Growth Launch Date 20 Mar 12 NAV (08 Oct 24) ₹22.3108 ↓ -0.10 (-0.44 %) Net Assets (Cr) ₹371 on 31 Aug 24 Category Gold - Gold AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 0.51 Sharpe Ratio 0.92 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 30 Sep 19 ₹10,000 30 Sep 20 ₹13,232 30 Sep 21 ₹11,875 30 Sep 22 ₹12,794 30 Sep 23 ₹14,618 30 Sep 24 ₹18,762 Returns for Aditya Birla Sun Life Gold Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 9 Oct 24 Duration Returns 1 Month 5.3% 3 Month 3.1% 6 Month 5% 1 Year 29.9% 3 Year 15.6% 5 Year 12.9% 10 Year 15 Year Since launch 6.6% 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 1.42 Yr. Haresh Mehta 28 Apr 23 1.35 Yr. Data below for Aditya Birla Sun Life Gold Fund as on 31 Aug 24
Asset Allocation
Asset Class Value Cash 3.63% Other 96.37% Top Securities Holdings / Portfolio
Name Holding Value Quantity Aditya BSL Gold ETF
- | -98% ₹364 Cr 56,682,587
↑ 1,700,000 Clearing Corporation Of India Limited
CBLO/Reverse Repo | -2% ₹8 Cr Net Receivables / (Payables)
Net Current Assets | -0% -₹1 Cr 5. SBI Gold Fund
CAGR/Annualized
return of 6.3% since its launch. Return for 2023 was 14.1% , 2022 was 12.6% and 2021 was -5.7% . SBI Gold Fund
Growth Launch Date 12 Sep 11 NAV (09 Oct 24) ₹22.2437 ↓ -0.17 (-0.78 %) Net Assets (Cr) ₹2,028 on 31 Aug 24 Category Gold - Gold AMC SBI Funds Management Private Limited Rating ☆☆ Risk Moderately High Expense Ratio 0.29 Sharpe Ratio 0.93 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 19 ₹10,000 30 Sep 20 ₹13,310 30 Sep 21 ₹12,019 30 Sep 22 ₹12,995 30 Sep 23 ₹14,818 30 Sep 24 ₹19,125 Returns for SBI Gold Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 9 Oct 24 Duration Returns 1 Month 4.6% 3 Month 2.4% 6 Month 4.5% 1 Year 28.7% 3 Year 15.6% 5 Year 13.2% 10 Year 15 Year Since launch 6.3% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Raviprakash Sharma 12 Sep 11 12.98 Yr. Data below for SBI Gold Fund as on 31 Aug 24
Asset Allocation
Asset Class Value Cash 1.64% Other 98.36% Top Securities Holdings / Portfolio
Name Holding Value Quantity SBI Gold ETF
- | -100% ₹2,027 Cr 324,109,170
↑ 13,467,765 Treps
CBLO/Reverse Repo | -0% ₹8 Cr Net Receivable / Payable
CBLO | -0% -₹7 Cr 6. HDFC Gold Fund
CAGR/Annualized
return of 6.6% since its launch. Return for 2023 was 14.1% , 2022 was 12.7% and 2021 was -5.5% . HDFC Gold Fund
Growth Launch Date 24 Oct 11 NAV (09 Oct 24) ₹22.7762 ↓ -0.17 (-0.73 %) Net Assets (Cr) ₹2,295 on 31 Aug 24 Category Gold - Gold AMC HDFC Asset Management Company Limited Rating ☆ Risk Moderately High Expense Ratio 0.49 Sharpe Ratio 0.97 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 19 ₹10,000 30 Sep 20 ₹13,340 30 Sep 21 ₹11,977 30 Sep 22 ₹12,961 30 Sep 23 ₹14,760 30 Sep 24 ₹19,002 Returns for HDFC Gold Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 9 Oct 24 Duration Returns 1 Month 4.4% 3 Month 2.5% 6 Month 3.3% 1 Year 28.5% 3 Year 15.5% 5 Year 13.1% 10 Year 15 Year Since launch 6.6% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Arun Agarwal 15 Feb 23 1.54 Yr. Nirman Morakhia 15 Feb 23 1.54 Yr. Data below for HDFC Gold Fund as on 31 Aug 24
Asset Allocation
Asset Class Value Cash 1.77% Other 98.23% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Gold ETF
- | -100% ₹2,295 Cr 365,220,121
↑ 24,420,961 Net Current Assets
Net Current Assets | -0% -₹10 Cr Treps - Tri-Party Repo
CBLO/Reverse Repo | -0% ₹10 Cr 7. ICICI Prudential Regular Gold Savings Fund
CAGR/Annualized
return of 6.8% since its launch. Return for 2023 was 13.5% , 2022 was 12.7% and 2021 was -5.4% . ICICI Prudential Regular Gold Savings Fund
Growth Launch Date 11 Oct 11 NAV (09 Oct 24) ₹23.5686 ↓ -0.18 (-0.78 %) Net Assets (Cr) ₹1,067 on 31 Aug 24 Category Gold - Gold AMC ICICI Prudential Asset Management Company Limited Rating ☆ Risk Moderately High Expense Ratio 0.4 Sharpe Ratio 0.96 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 19 ₹10,000 30 Sep 20 ₹13,191 30 Sep 21 ₹11,918 30 Sep 22 ₹12,866 30 Sep 23 ₹14,626 30 Sep 24 ₹18,891 Returns for ICICI Prudential Regular Gold Savings Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 9 Oct 24 Duration Returns 1 Month 4.6% 3 Month 2.6% 6 Month 4.6% 1 Year 28.3% 3 Year 15.4% 5 Year 12.9% 10 Year 15 Year Since launch 6.8% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Manish Banthia 27 Sep 12 11.94 Yr. Nishit Patel 29 Dec 20 3.68 Yr. Data below for ICICI Prudential Regular Gold Savings Fund as on 31 Aug 24
Asset Allocation
Asset Class Value Cash 1.93% Other 98.07% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Pru Gold ETF
- | -100% ₹1,063 Cr 169,882,283
↑ 4,965,988 Treps
CBLO/Reverse Repo | -1% ₹7 Cr Net Current Assets
Net Current Assets | -0% -₹2 Cr 8. Nippon India Gold Savings Fund
CAGR/Annualized
return of 8.2% since its launch. Return for 2023 was 14.3% , 2022 was 12.3% and 2021 was -5.5% . Nippon India Gold Savings Fund
Growth Launch Date 7 Mar 11 NAV (09 Oct 24) ₹29.1795 ↓ -0.20 (-0.68 %) Net Assets (Cr) ₹1,907 on 31 Aug 24 Category Gold - Gold AMC Nippon Life Asset Management Ltd. Rating ☆☆ Risk Moderately High Expense Ratio 0.34 Sharpe Ratio 0.98 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 30 Sep 19 ₹10,000 30 Sep 20 ₹13,362 30 Sep 21 ₹11,971 30 Sep 22 ₹12,951 30 Sep 23 ₹14,742 30 Sep 24 ₹18,940 Returns for Nippon India Gold Savings Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 9 Oct 24 Duration Returns 1 Month 4.7% 3 Month 2.6% 6 Month 3.9% 1 Year 28.5% 3 Year 15.4% 5 Year 12.9% 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 0.69 Yr. Data below for Nippon India Gold Savings Fund as on 31 Aug 24
Asset Allocation
Asset Class Value Cash 1.4% Other 98.6% Top Securities Holdings / Portfolio
Name Holding Value Quantity Nippon India ETF Gold BeES
- | -100% ₹1,906 Cr 314,206,292
↑ 8,505,517 Triparty Repo
CBLO/Reverse Repo | -0% ₹5 Cr Net Current Assets
Net Current Assets | -0% -₹5 Cr Cash Margin - Ccil
CBLO | -0% ₹0 Cr
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.
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.
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.
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.
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.
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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.
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.
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.
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.
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%
.
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.
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.
Really a useful knowledge. for investment decision.espically for gold and global fund investments.
Very informative.
Which gold investment fund will be good for me pls suggest for 1- 1.3 years