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.
Why Gold Funds are Getting Popular?
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
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2022 (%) Axis Gold Fund Growth ₹18.5784
↑ 0.07 ₹375 2 4.4 9 8.3 12.4 14.7 SBI Gold Fund Growth ₹18.5438
↑ 0.05 ₹1,513 2 4.5 8.6 8.1 12.1 14.1 ICICI Prudential Regular Gold Savings Fund Growth ₹19.6583
↑ 0.11 ₹760 2 4.5 8.6 8 11.9 13.5 IDBI Gold Fund Growth ₹16.5265
↑ 0.13 ₹47 1.7 4.7 8.6 8 11.7 14.8 Aditya Birla Sun Life Gold Fund Growth ₹18.3889
↑ 0.03 ₹290 1.2 4.2 7.6 8 11.7 14.5 HDFC Gold Fund Growth ₹18.9445
↑ 0.06 ₹1,705 1.6 4.2 8.3 7.8 11.9 14.1 Nippon India Gold Savings Fund Growth ₹24.2958
↑ 0.08 ₹1,595 1.8 4.3 8.3 7.8 11.8 14.3 Kotak Gold Fund Growth ₹24.3901
↑ 0.09 ₹1,602 1.5 4.4 7.8 7.7 12.1 13.9 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 16 Feb 24 Gold Funds having AUM/Net Assets > 25 Crore ordered based on 3 year Calendar year returns.
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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 Total investment amount is ₹300,000 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 Total investment amount is ₹300,000 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 Total investment amount is ₹300,000 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 Total investment amount is ₹300,000 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 Total investment amount is ₹300,000 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 Total investment amount is ₹300,000 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 Total investment amount is ₹300,000 Returns up to 1 year are on The investment objective of the scheme is to generate returns by investing in units of Kotak Gold Exchange Traded Fund. Kotak Gold Fund is a Gold - Gold fund was launched on 25 Mar 11. It is a fund with Moderately High risk and has given a Below is the key information for Kotak Gold Fund Total investment amount is ₹300,000 Returns up to 1 year are on 1. Axis Gold Fund
CAGR/Annualized return of 5.2% 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 (16 Feb 24) ₹18.5784 ↑ 0.07 (0.35 %) Net Assets (Cr) ₹375 on 31 Dec 23 Category Gold - Gold AMC Axis Asset Management Company Limited Rating ☆ Risk Moderately High Expense Ratio 0.27 Sharpe Ratio 0.66 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 31 Jan 19 ₹10,000 31 Jan 20 ₹12,356 31 Jan 21 ₹14,788 31 Jan 22 ₹14,284 31 Jan 23 ₹16,854 31 Jan 24 ₹18,465 Axis Gold Fund SIP Returns
expected amount after 5 Years is ₹415,684.
Net Profit of ₹115,684 Returns for Axis Gold Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Feb 24 Duration Returns 1 Month -1.1% 3 Month 2% 6 Month 4.4% 1 Year 9% 3 Year 8.3% 5 Year 12.4% 10 Year 15 Year Since launch 5.2% Historical performance (Yearly) on absolute basis
Year Returns 2022 14.7% 2021 12.5% 2020 -4.7% 2019 26.9% 2018 23.1% 2017 8.3% 2016 0.7% 2015 10.7% 2014 -11.9% 2013 -11.4% Fund Manager information for Axis Gold Fund
Name Since Tenure Aditya Pagaria 9 Nov 21 2.23 Yr. Data below for Axis Gold Fund as on 31 Dec 23
Asset Allocation
Asset Class Value Cash 4.06% Other 95.94% Top Securities Holdings / Portfolio
Name Holding Value Quantity Axis Gold ETF
- | -98% ₹367 Cr 68,198,657
↑ 540,683 Clearing Corporation Of India Ltd
CBLO/Reverse Repo | -2% ₹8 Cr Net Receivables / (Payables)
Net Current Assets | -0% -₹1 Cr 2. SBI Gold Fund
CAGR/Annualized return of 5.1% 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 (16 Feb 24) ₹18.5438 ↑ 0.05 (0.30 %) Net Assets (Cr) ₹1,513 on 31 Dec 23 Category Gold - Gold AMC SBI Funds Management Private Limited Rating ☆☆ Risk Moderately High Expense Ratio 0.24 Sharpe Ratio 0.6 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 31 Jan 19 ₹10,000 31 Jan 20 ₹12,252 31 Jan 21 ₹14,527 31 Jan 22 ₹13,987 31 Jan 23 ₹16,500 31 Jan 24 ₹18,103 SBI Gold Fund SIP Returns
expected amount after 5 Years is ₹415,684.
Net Profit of ₹115,684 Returns for SBI Gold Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Feb 24 Duration Returns 1 Month -1.2% 3 Month 2% 6 Month 4.5% 1 Year 8.6% 3 Year 8.1% 5 Year 12.1% 10 Year 15 Year Since launch 5.1% Historical performance (Yearly) on absolute basis
Year Returns 2022 14.1% 2021 12.6% 2020 -5.7% 2019 27.4% 2018 22.8% 2017 6.4% 2016 3.5% 2015 10% 2014 -8.1% 2013 -10.2% Fund Manager information for SBI Gold Fund
Name Since Tenure Raviprakash Sharma 12 Sep 11 12.4 Yr. Data below for SBI Gold Fund as on 31 Dec 23
Asset Allocation
Asset Class Value Cash 1.53% Other 98.47% Top Securities Holdings / Portfolio
Name Holding Value Quantity SBI Gold ETF
- | -100% ₹1,512 Cr 274,679,813
↑ 455,834 Treps
CBLO/Reverse Repo | -0% ₹4 Cr Net Receivable / Payable
CBLO | -0% -₹3 Cr 3. ICICI Prudential Regular Gold Savings Fund
CAGR/Annualized return of 5.6% 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 (16 Feb 24) ₹19.6583 ↑ 0.11 (0.56 %) Net Assets (Cr) ₹760 on 31 Dec 23 Category Gold - Gold AMC ICICI Prudential Asset Management Company Limited Rating ☆ Risk Moderately High Expense Ratio 0.4 Sharpe Ratio 0.56 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 31 Jan 19 ₹10,000 31 Jan 20 ₹12,099 31 Jan 21 ₹14,383 31 Jan 22 ₹13,919 31 Jan 23 ₹16,340 31 Jan 24 ₹17,832 ICICI Prudential Regular Gold Savings Fund SIP Returns
expected amount after 5 Years is ₹405,518.
Net Profit of ₹105,518 Returns for ICICI Prudential Regular Gold Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Feb 24 Duration Returns 1 Month -1.2% 3 Month 2% 6 Month 4.5% 1 Year 8.6% 3 Year 8% 5 Year 11.9% 10 Year 15 Year Since launch 5.6% Historical performance (Yearly) on absolute basis
Year Returns 2022 13.5% 2021 12.7% 2020 -5.4% 2019 26.6% 2018 22.7% 2017 7.4% 2016 0.8% 2015 8.9% 2014 -5.1% 2013 -9.2% Fund Manager information for ICICI Prudential Regular Gold Savings Fund
Name Since Tenure Manish Banthia 27 Sep 12 11.35 Yr. Nish*t Patel 29 Dec 20 3.09 Yr. Data below for ICICI Prudential Regular Gold Savings Fund as on 31 Dec 23
Asset Allocation
Asset Class Value Cash 1.96% Other 98.04% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Pru Gold ETF
- | -100% ₹760 Cr 137,891,943
↑ 133,046 Treps
CBLO/Reverse Repo | -0% ₹2 Cr Net Current Assets
Net Current Assets | -0% -₹2 Cr 4. IDBI Gold Fund
CAGR/Annualized return of 4.5% 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 (16 Feb 24) ₹16.5265 ↑ 0.13 (0.80 %) Net Assets (Cr) ₹47 on 31 Dec 23 Category Gold - Gold AMC IDBI Asset Management Limited Rating Not Rated Risk Moderately High Expense Ratio 0.55 Sharpe Ratio 0.67 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 31 Jan 19 ₹10,000 31 Jan 20 ₹12,047 31 Jan 21 ₹14,163 31 Jan 22 ₹13,708 31 Jan 23 ₹16,136 31 Jan 24 ₹17,639 IDBI Gold Fund SIP Returns
expected amount after 5 Years is ₹405,518.
Net Profit of ₹105,518 Returns for IDBI Gold Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Feb 24 Duration Returns 1 Month -1.3% 3 Month 1.7% 6 Month 4.7% 1 Year 8.6% 3 Year 8% 5 Year 11.7% 10 Year 15 Year Since launch 4.5% Historical performance (Yearly) on absolute basis
Year Returns 2022 14.8% 2021 12% 2020 -4% 2019 24.2% 2018 21.6% 2017 5.8% 2016 1.4% 2015 8.3% 2014 -8.7% 2013 0.2% Fund Manager information for IDBI Gold Fund
Name Since Tenure Yash Dhoot 31 Jul 23 0.51 Yr. Data below for IDBI Gold Fund as on 31 Dec 23
Asset Allocation
Asset Class Value Cash 0.95% Other 99.05% Top Securities Holdings / Portfolio
Name Holding Value Quantity LIC MF Gold ETF
- | -100% ₹46 Cr 80,752
↑ 403 Treps
CBLO/Reverse Repo | -0% ₹0 Cr Net Receivables / (Payables)
Net Current Assets | -0% ₹0 Cr 5. Aditya Birla Sun Life Gold Fund
CAGR/Annualized return of 5.2% 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 (15 Feb 24) ₹18.3889 ↑ 0.03 (0.16 %) Net Assets (Cr) ₹290 on 31 Dec 23 Category Gold - Gold AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 0.49 Sharpe Ratio 0.69 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 31 Jan 19 ₹10,000 31 Jan 20 ₹12,502 31 Jan 21 ₹14,664 31 Jan 22 ₹14,080 31 Jan 23 ₹16,590 31 Jan 24 ₹18,068 Aditya Birla Sun Life Gold Fund SIP Returns
expected amount after 5 Years is ₹405,518.
Net Profit of ₹105,518 Returns for Aditya Birla Sun Life Gold Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Feb 24 Duration Returns 1 Month -1.8% 3 Month 1.2% 6 Month 4.2% 1 Year 7.6% 3 Year 8% 5 Year 11.7% 10 Year 15 Year Since launch 5.2% Historical performance (Yearly) on absolute basis
Year Returns 2022 14.5% 2021 12.3% 2020 -5% 2019 26% 2018 21.3% 2017 6.8% 2016 1.6% 2015 11.5% 2014 -7.2% 2013 -9.4% Fund Manager information for Aditya Birla Sun Life Gold Fund
Name Since Tenure Pranav Gupta 31 Mar 23 0.84 Yr. Haresh Mehta 28 Apr 23 0.76 Yr. Data below for Aditya Birla Sun Life Gold Fund as on 31 Dec 23
Asset Allocation
Asset Class Value Cash 2.88% Other 97.12% Top Securities Holdings / Portfolio
Name Holding Value Quantity Aditya BSL Gold ETF
- | -99% ₹288 Cr 50,707,587
↓ -600,000 Clearing Corporation Of India Limited
CBLO/Reverse Repo | -1% ₹2 Cr Net Receivables / (Payables)
Net Current Assets | -0% ₹0 Cr 6. HDFC Gold Fund
CAGR/Annualized return of 5.3% 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 (16 Feb 24) ₹18.9445 ↑ 0.06 (0.33 %) Net Assets (Cr) ₹1,705 on 31 Dec 23 Category Gold - Gold AMC HDFC Asset Management Company Limited Rating ☆ Risk Moderately High Expense Ratio 0.54 Sharpe Ratio 0.61 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 31 Jan 19 ₹10,000 31 Jan 20 ₹12,127 31 Jan 21 ₹14,478 31 Jan 22 ₹13,959 31 Jan 23 ₹16,421 31 Jan 24 ₹17,880 HDFC Gold Fund SIP Returns
expected amount after 5 Years is ₹405,518.
Net Profit of ₹105,518 Returns for HDFC Gold Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Feb 24 Duration Returns 1 Month -1.4% 3 Month 1.6% 6 Month 4.2% 1 Year 8.3% 3 Year 7.8% 5 Year 11.9% 10 Year 15 Year Since launch 5.3% Historical performance (Yearly) on absolute basis
Year Returns 2022 14.1% 2021 12.7% 2020 -5.5% 2019 27.5% 2018 21.7% 2017 6.6% 2016 2.8% 2015 10.1% 2014 -7.3% 2013 -9.8% Fund Manager information for HDFC Gold Fund
Name Since Tenure Arun Agarwal 15 Feb 23 0.96 Yr. Nirman Morakhia 15 Feb 23 0.96 Yr. Data below for HDFC Gold Fund as on 31 Dec 23
Asset Allocation
Asset Class Value Cash 1.82% Other 98.18% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Gold ETF
- | -100% ₹1,705 Cr 308,415,144
↑ 1,273,286 Treps - Tri-Party Repo
CBLO/Reverse Repo | -0% ₹5 Cr Net Current Assets
Net Current Assets | -0% -₹4 Cr 7. Nippon India Gold Savings Fund
CAGR/Annualized return of 7.1% 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 (16 Feb 24) ₹24.2958 ↑ 0.08 (0.34 %) Net Assets (Cr) ₹1,595 on 31 Dec 23 Category Gold - Gold AMC Nippon Life Asset Management Ltd. Rating ☆☆ Risk Moderately High Expense Ratio 0.38 Sharpe Ratio 0.63 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 31 Jan 19 ₹10,000 31 Jan 20 ₹12,179 31 Jan 21 ₹14,441 31 Jan 22 ₹13,914 31 Jan 23 ₹16,348 31 Jan 24 ₹17,862 Nippon India Gold Savings Fund SIP Returns
expected amount after 5 Years is ₹405,518.
Net Profit of ₹105,518 Returns for Nippon India Gold Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Feb 24 Duration Returns 1 Month -1.3% 3 Month 1.8% 6 Month 4.3% 1 Year 8.3% 3 Year 7.8% 5 Year 11.8% 10 Year 15 Year Since launch 7.1% Historical performance (Yearly) on absolute basis
Year Returns 2022 14.3% 2021 12.3% 2020 -5.5% 2019 26.6% 2018 22.5% 2017 6% 2016 1.7% 2015 11.6% 2014 -8.1% 2013 -9.8% Fund Manager information for Nippon India Gold Savings Fund
Name Since Tenure Himanshu Mange 23 Dec 23 0.11 Yr. Data below for Nippon India Gold Savings Fund as on 31 Dec 23
Asset Allocation
Asset Class Value Cash 1.25% Other 98.75% Top Securities Holdings / Portfolio
Name Holding Value Quantity Nippon India ETF Gold BeES
- | -100% ₹1,595 Cr 297,190,489
↓ -1,490,000 Triparty Repo
CBLO/Reverse Repo | -0% ₹5 Cr Net Current Assets
Net Current Assets | -0% -₹5 Cr Cash Margin - Ccil
CBLO | -0% ₹0 Cr 8. Kotak Gold Fund
CAGR/Annualized return of 7.2% since its launch. Return for 2023 was 13.9% , 2022 was 11.7% and 2021 was -4.7% . Kotak Gold Fund
Growth Launch Date 25 Mar 11 NAV (16 Feb 24) ₹24.3901 ↑ 0.09 (0.38 %) Net Assets (Cr) ₹1,602 on 31 Dec 23 Category Gold - Gold AMC Kotak Mahindra Asset Management Co Ltd Rating ☆ Risk Moderately High Expense Ratio 0.41 Sharpe Ratio 0.59 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 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 31 Jan 19 ₹10,000 31 Jan 20 ₹12,314 31 Jan 21 ₹14,719 31 Jan 22 ₹14,175 31 Jan 23 ₹16,582 31 Jan 24 ₹18,027 Kotak Gold Fund SIP Returns
expected amount after 5 Years is ₹415,684.
Net Profit of ₹115,684 Returns for Kotak Gold Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Feb 24 Duration Returns 1 Month -1.5% 3 Month 1.5% 6 Month 4.4% 1 Year 7.8% 3 Year 7.7% 5 Year 12.1% 10 Year 15 Year Since launch 7.2% Historical performance (Yearly) on absolute basis
Year Returns 2022 13.9% 2021 11.7% 2020 -4.7% 2019 26.6% 2018 24.1% 2017 7.3% 2016 2.5% 2015 10.2% 2014 -8.4% 2013 -10% Fund Manager information for Kotak Gold Fund
Name Since Tenure Abhishek Bisen 25 Mar 11 12.86 Yr. Jeetu Sonar 1 Oct 22 1.33 Yr. Data below for Kotak Gold Fund as on 31 Dec 23
Asset Allocation
Asset Class Value Cash 2.98% Other 97.02% Top Securities Holdings / Portfolio
Name Holding Value Quantity Kotak Gold ETF
- | -99% ₹1,586 Cr 293,980,388
↓ -460,000 Triparty Repo
CBLO/Reverse Repo | -1% ₹18 Cr Net Current Assets/(Liabilities)
Net Current Assets | -0% -₹2 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?
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!
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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.
