Gold Exchange Traded Funds (ETFs) is one of the ways to invest in gold. When looking into what is Gold ETF and Gold ETF meaning, it’s important to note that these funds are designed to track the price of gold, giving investors exposure to the metal’s value through a stock market investment. The full form of Gold ETF is Gold Exchange Traded Fund, and it allows people to invest in gold with lower costs and higher liquidity compared to physical assets.
For those wondering which Gold ETF is best, the answer depends on factors like performance history, expense ratio, and fund liquidity. Different Gold ETFs cater to various investment preferences, from low costs to higher returns. In this article, check the best Gold ETFs in India in November 2024, based on their 5-yr CAGR and learn the factors to consider while investing.
Name | Market Cap (₹ in crore) | 5Y CAGR (%) | 1Y Return (%) | Expense Ratio (%) |
IDBI Gold Exchange Traded Fund | 95.12 | 14.96 | 27.08 | 0.41 |
Invesco India Gold Exchange Traded Fund | 74.22 | 14.51 | 28.12 | 0.55 |
Aditya BSL Gold ETF | 353.23 | 14.44 | 27.99 | 0.54 |
SBI Gold ETF | 2,644.09 | 14.34 | 27.56 | 0.65 |
ICICI Prudential Gold ETF | 1,905.05 | 14.31 | 27.78 | 0.5 |
HDFC Gold Exchange Traded Fund | 1,906.09 | 14.31 | 27.64 | 0.59 |
Axis Gold ETF | 319.17 | 14.30 | 27.65 | 0.55 |
UTI Gold Exchange Traded Fund | 651.54 | 14.23 | 27.95 | 0.48 |
Kotak Gold Etf | 1,984.14 | 14.18 | 27.53 | 0.55 |
Quantum Gold Fund | 130.03 | 14.12 | 27.74 | 0.78 |
Note: The best gold ETF funds in India provided here are as of November 6, 2024. The gold ETF Funds are sorted based on the 5-yr CAGR.
IDBI Gold Exchange Traded Fund is an exchange traded fund from IDBI Mutual Fund. The fund was launched on November 9, 2011. This open-ended index scheme tracks the domestic price of physical gold, and as of June 2024, it boasts a 3-yr CAGR of 5.76%. The minimum investment required for this fund is ₹5,000.
Invesco Mutual Fund launched Invesco India Gold Exchange Traded Fund on March 12, 2010. This fund tracks the physical gold domestic price. As of October 31, 2024, the 3-yr CAGR of the fund is 17.50%. There is no minimum investment required to purchase this fund. As of November 5, 2024, the NAV of this fund is ₹6,910.28.
Aditya BSL Gold ETF is an exchange traded fund from Aditya Birla Mutual Fund. The fund was launched on May 13, 2011. This open-ended index scheme tracks the domestic price of physical gold, and it boasts a 3-yr annualised returns of 17.16%. The minimum investment required for this fund is ₹5,000. As of November 5, 2024, the NAV of this fund is ₹69.74.
SBI Mutual Fund launched SBI Gold ETF on May 18, 2009. This fund tracks the price of gold, where the price refers to the morning fixing of Gold by London Bullion Market Association (LBMA). The 3-yr CAGR of the fund is 16.74%. As of November 6, 2024, the NAV of this fund is ₹67.87.
ICICI Prudential Gold ETF is an exchange traded fund from ICICI Prudential Mutual Fund. The fund was launched on August 24, 2010. This open-ended index scheme tracks the domestic price of physical gold. It has a 3-yr CAGR of 16.89%. The minimum investment required for this fund is ₹5,000. As of November 5, 2024, the NAV of this fund is ₹67.82.
When choosing the best Gold ETF, there are several key factors to consider.
Gold ETFs provide a convenient and accessible way to add gold to your investment portfolio, offering both flexibility and liquidity. However, it’s essential to carefully evaluate factors like expense ratios, tracking error, and liquidity to ensure they fit your broader financial goals.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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