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E-Gold
What is E-Gold?
E-Gold is another form of Investing in Gold where no physical gold is traded. In 2010, National Spot Exchange (NSE) launched e-gold in India in order to benefit investors who wish to invest in gold.
The biggest benefit of e-gold is that it allows investors to invest in gold with much lower denominations than physical gold. But, before going into details, let us understand the basics of Investing in gold in the electronic form.
E-Gold Investment
E-gold is the process of buying gold electronically. To invest here, one should have a Trading Account with specified NSEL dealers. E-gold units can be bought and sold through the exchange (NSE) just like shares. Here one unit of e-gold is equal to 1 gram of gold.
Investors who wish to invest in gold as part of their long-term Financial goals can buy e-gold in small quantities and keep it in their Demat account. Once their target is achieved, they can take the physical delivery of gold through the exchange. Those who don’t wish to take the physical delivery can always sell the electronic units and encash them.
By buying gold in electronic form, one need not worry about the purity of gold and the safe-keeping of gold.
Advantages of E-Gold
Gold rates on NSE are based on Indian Market rates.
Investors can buy and sell gold in small denominations. For e.g.- 1gm, 2gm of gold.
Transparency in pricing and seamless trading is one of the major advantages of this product.
This product is high in liquidity. One can sell it at any point of time.
No impurity risks.
| Advantages | Disadvantages |
|---|---|
| Buy/Sell gold in small denominations | Storage cost- 60 paise/per unit/pm |
| Seamless Trading | Hacking Issue |
| Liquidity | - |
| No impurity risks | - |
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Disadvantages of E-Gold
The storage charge of this product is 60 paisa per unit per month.
Hacking of an account can sometimes be an issue, however with today's security systems in place with exchanges this does not usually take place. At a client account level, the customer should maintain the secrecy of passwords and ensure that the account is protected.
How to Invest in E-Gold?
Open a Demat Account
For purchasing commodities in NSE, it is necessary to have a Demat account. One can keep a separate Demat account for equities and commodities or keep the same one. To open an account, one can submit all the required documentation to NSE.
Trading
Once your account is opened, you can log in and buy e-gold. You can trade from 10 am to 11:30 pm on weekdays. Your gold units would get credited to your Demat account in T+2 days (date plus one day).
Physical Delivery
If you want, you can take physical delivery of gold at any time by redeeming e-gold units to your Demat account.
E-Gold- Taxes and Charges
It charges INR 100 as a conversion rate of 1 gram coin and INR 400 for conversion of 8 gram/10 gram coins. In case of 100-gram coins and one-kg bar, the exchange doesn't charge any cost.
If you hold this product for less than 36 months, then short-term Capital Gain tax is applicable as per the slab rates. And if e-gold is held for than 36 months, then e-Gold Capital gain tax applicable at 10 percent.
One is also required to pay
VAT @ 1%throughout the country as well as octroi charges (when your purchase enters the state) to convert electronic units into physical coins.The storage charge of this product which is held in physical form by NSE is 60 paisa per unit per month.
Invest in Gold Funds Without Demat Account
In Gold Mutual Funds you don't need a Demat account to invest. These funds invest in a Gold ETF floated by the same AMC (Asset Management Company). Investors can invest in Gold Mutual Funds through the SIP route, which is not possible when investing in the ETF or other gold investments.
Feature of Gold Funds
Minimum investment amount in gold mutual funds is of INR 1,000 (as monthly SIP)
Since gold mutual funds are not traded in the market, they can be bought/sold based on NAV for the day
As gold mutual fund’s units can be bought or sold from the fund house, investors do not face liquidity risks.
Best Gold Funds to Invest 2024
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 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 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 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 5.7% 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 (26 Jul 24) ₹20.2316 ↑ 0.06 (0.32 %) Net Assets (Cr) ₹75 on 30 Jun 24 Category Gold - Gold AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 0.47 Sharpe Ratio 1.3 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 Jun 19 ₹10,000 30 Jun 20 ₹14,023 30 Jun 21 ₹13,463 30 Jun 22 ₹14,545 30 Jun 23 ₹16,304 30 Jun 24 ₹20,090 Returns for Invesco India Gold Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 Jul 24 Duration Returns 1 Month -3.2% 3 Month -3.3% 6 Month 11.4% 1 Year 16.1% 3 Year 12.3% 5 Year 13.2% 10 Year 15 Year Since launch 5.7% 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 4.49 Yr. Data below for Invesco India Gold Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 2.11% Other 97.89% Top Securities Holdings / Portfolio
Name Holding Value Quantity Invesco India Gold ETF
- | -99% ₹74 Cr 116,123
↑ 621 Triparty Repo
CBLO/Reverse Repo | -1% ₹1 Cr Net Receivables / (Payables)
CBLO | -0% ₹0 Cr 2. Aditya Birla Sun Life Gold Fund
CAGR/Annualized return of 6.1% 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 (25 Jul 24) ₹20.6894 ↓ -0.15 (-0.70 %) Net Assets (Cr) ₹349 on 30 Jun 24 Category Gold - Gold AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 0.49 Sharpe Ratio 1.21 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 Jun 19 ₹10,000 30 Jun 20 ₹13,981 30 Jun 21 ₹13,321 30 Jun 22 ₹14,249 30 Jun 23 ₹16,024 30 Jun 24 ₹19,651 Returns for Aditya Birla Sun Life Gold Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 Jul 24 Duration Returns 1 Month -2.9% 3 Month -2.9% 6 Month 11.7% 1 Year 15.8% 3 Year 11.9% 5 Year 13.4% 10 Year 15 Year Since launch 6.1% 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 1.25 Yr. Haresh Mehta 28 Apr 23 1.18 Yr. Data below for Aditya Birla Sun Life Gold Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 2.05% Other 97.95% Top Securities Holdings / Portfolio
Name Holding Value Quantity Aditya BSL Gold ETF
- | -100% ₹348 Cr 54,307,587
↑ 125,000 Clearing Corporation Of India Limited
CBLO/Reverse Repo | -1% ₹2 Cr Net Receivables / (Payables)
Net Current Assets | -0% -₹1 Cr 3. SBI Gold Fund
CAGR/Annualized return of 6% 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 (26 Jul 24) ₹21.1137 ↓ -0.12 (-0.55 %) Net Assets (Cr) ₹1,885 on 30 Jun 24 Category Gold - Gold AMC SBI Funds Management Private Limited Rating ☆☆ Risk Moderately High Expense Ratio 0.24 Sharpe Ratio 1.23 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 Jun 19 ₹10,000 30 Jun 20 ₹14,269 30 Jun 21 ₹13,540 30 Jun 22 ₹14,662 30 Jun 23 ₹16,456 30 Jun 24 ₹20,242 Returns for SBI Gold Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 Jul 24 Duration Returns 1 Month -1.2% 3 Month -1.5% 6 Month 13.7% 1 Year 18.6% 3 Year 13.1% 5 Year 14.2% 10 Year 15 Year Since launch 6% 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 12.81 Yr. Data below for SBI Gold Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 1.52% Other 98.48% Top Securities Holdings / Portfolio
Name Holding Value Quantity SBI Gold ETF
- | -100% ₹1,884 Cr 301,293,001
↑ 4,775,526 Treps
CBLO/Reverse Repo | -0% ₹7 Cr Net Receivable / Payable
CBLO | -0% -₹6 Cr 4. Nippon India Gold Savings Fund
CAGR/Annualized return of 7.6% 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 (26 Jul 24) ₹26.6165 ↓ -0.04 (-0.15 %) Net Assets (Cr) ₹1,848 on 30 Jun 24 Category Gold - Gold AMC Nippon Life Asset Management Ltd. Rating ☆☆ Risk Moderately High Expense Ratio 0.38 Sharpe Ratio 1.23 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 Jun 19 ₹10,000 30 Jun 20 ₹14,175 30 Jun 21 ₹13,433 30 Jun 22 ₹14,444 30 Jun 23 ₹16,220 30 Jun 24 ₹19,876 Returns for Nippon India Gold Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 Jul 24 Duration Returns 1 Month -5.3% 3 Month -5.6% 6 Month 8.9% 1 Year 13.3% 3 Year 11.2% 5 Year 12.9% 10 Year 15 Year Since launch 7.6% 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 0.52 Yr. Data below for Nippon India Gold Savings Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 1.21% Other 98.79% Top Securities Holdings / Portfolio
Name Holding Value Quantity Nippon India ETF Gold BeES
- | -100% ₹1,848 Cr 304,761,489
↓ -1,294,000 Triparty Repo
CBLO/Reverse Repo | -0% ₹5 Cr Net Current Assets
Net Current Assets | -0% -₹5 Cr Cash Margin - Ccil
CBLO | -0% ₹0 Cr 5. Axis Gold Fund
CAGR/Annualized return of 6.3% 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 (26 Jul 24) ₹21.3708 ↓ -0.50 (-2.30 %) Net Assets (Cr) ₹501 on 30 Jun 24 Category Gold - Gold AMC Axis Asset Management Company Limited Rating ☆ Risk Moderately High Expense Ratio 0.27 Sharpe Ratio 1.27 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 Jun 19 ₹10,000 30 Jun 20 ₹14,264 30 Jun 21 ₹13,618 30 Jun 22 ₹14,734 30 Jun 23 ₹16,583 30 Jun 24 ₹20,371 Returns for Axis Gold Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 Jul 24 Duration Returns 1 Month 1.8% 3 Month 1.8% 6 Month 17.2% 1 Year 21.9% 3 Year 14.2% 5 Year 15% 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 2.64 Yr. Data below for Axis Gold Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 3.85% Other 96.15% Top Securities Holdings / Portfolio
Name Holding Value Quantity Axis Gold ETF
- | -98% ₹491 Cr 80,404,490
↑ 1,248,062 Clearing Corporation Of India Ltd
CBLO/Reverse Repo | -2% ₹10 Cr Net Receivables / (Payables)
Net Current Assets | -0% -₹1 Cr
How to Invest in Gold Funds Online?
Open Free Investment Account for Lifetime at Fincash.com.
Complete your Registration and KYC Process
Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!
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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