The iShares Gold Trust Micro ETF, the GraniteShares Gold Trust and the Abdn Physical Gold Shares ETF are the highest-performing gold ETFs. All three funds performed better than the overall U.S. stock market and a key gold index over the past year. The only possession of these ETFs are gold bars.
GLD is one of the most popular ETFs available. The fund invests in physical gold and its performance is highly correlated with the spot prices of gold. Kotak Gold Fund The investment objective of the scheme is to generate returns by investing in units of the Kotak Gold Exchange Traded Fund. Aditya Birla Sun Life Gold Fund A variable capital fund plan with the investment objective of providing a return that tracks the returns provided by the Birla Sun Life Gold ETF (BSL Gold ETF).
This non-diversified fund invests more than 80% of its assets in the shares of companies that are involved in activities related to gold and other precious metals and minerals. Gold mutual funds do not invest directly in physical gold, but rather adopt the same position indirectly when investing in gold ETFs. In order to reflect the physical market for gold bullion in its value, the fund's investments include off-exchange and forward contracts, gold ETFs and gold exchange-traded notes (ETN). In addition, some of these funds focus on investing in gold mining companies, while others trade gold futures or invest mainly in gold-related exchange-traded funds (ETFs), such as the Aberdeen Standard Gold ETF Fund (SGOL).
Its investments also include foreign and domestic stocks of companies of any size that provide goods and services in all sectors related to gold mining and precious metals industries. Gabelli Gold Fund is a diversified, unencumbered investment fund that focuses on long-term capital revaluation through global investment in gold mining and other related companies. HDFC Gold Fund will seek capital appreciation by investing in units of the HDFC Gold Exchange Traded Fund (HGETF). Below is the key information for Nippon India Gold Savings Fund Nippon India Gold Savings Fund Growth Release Date 7 Mar 11 NAV (22 Nov 2) 20.9244 ↑ 0.05 (0.22%) Net Assets (Cr) 1,379 on October 31 22 Gold Category: GoldAMC Nippon Life Asset Management Ltd.
While physical gold used to be the choice, gold mutual funds are clearly better in all aspects (except for ornamental purposes) (once you need to buy physical gold), with benefits such as a minimum investment amount, diversification, no Demat account required, SIP growth, etc. A gold ETF is generally able to passively track the price of gold, while a gold investment fund usually invests in stocks of gold mining and processing companies, as well as in ETFs for gold ingots and physical gold. This fund invests in small-cap foreign mining companies that generate at least half of their revenues from gold and silver. For example, SBI Gold Fund has registered a growth rate of 27.4% compared to ICICI's Prudential Regular Growth savings fund, which has a growth rate of 26.6%.
ICICI Prudential Regular Gold Savings Fund ICICI Prudential Regular Gold Savings Fund (the Plan) is a fund plan whose main objective is to generate returns by investing in units of the ICICI Prudential Gold Exchange Traded Fund (iPru Gold ETF).