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Best Gold ETFs to Invest in 2024

Updated on November 18, 2024 , 163053 views

In recent years, the popularity of Gold ETFs (Exchange Traded Fund) amongst investors has surged high. Investors are more inclined towards Investing in Gold ETFs as they track gold prices and eliminate the need of storage. But, when it comes to Investing, often investors are confused over choosing the best Gold ETFs.

The ideal way to go for Gold ETFs is to focus on the fund with the lowest tracking error. It is advisable to go for a Gold ETF that has the largest margin and highest volume. To make it convenient for investors, we have listed down the best Gold ETFs to invest in India.

How to Invest in Gold ETFs?

To invest in gold ETF, you need to have a Demat account and an online Trading Account. To open an account, you would require a PAN Card, an address proof and an identity proof. After the account is ready, you can choose a Gold ETF and place an order. Once the trade is executed a confirmation is sent to you in your account. A small fee from the fund house and the broker is charged when one buys or sells these Gold ETFs.

How to Invest in Gold Mutual Funds Online?

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Best Gold ETFs to Invest 2024

Some of the best performing Underlying gold ETFs having AUM/Net Assets > 25 Crore are:

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2023 (%)
Aditya Birla Sun Life Gold Fund Growth	₹22.4329 ↑ 0.32	₹440	5.7	2.9	23.1	13.6	13.1	14.5
Invesco India Gold Fund Growth	₹21.8811 ↑ 0.24	₹98	5.1	2.7	22.7	14.5	13.4	14.5
SBI Gold Fund Growth	₹22.4938 ↑ 0.29	₹2,522	5.3	2.7	22.8	14.1	13.4	14.1
Nippon India Gold Savings Fund Growth	₹29.4923 ↑ 0.38	₹2,237	5.5	2.7	22.4	13.9	13.2	14.3
ICICI Prudential Regular Gold Savings Fund Growth	₹23.8708 ↑ 0.32	₹1,325	5.4	2.8	23.2	14.1	13.3	13.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Nov 24

1. Aditya Birla Sun Life Gold Fund

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 CAGR/Annualized return of 6.6% since its launch. Return for 2023 was 14.5% , 2022 was 12.3% and 2021 was -5% .

Below is the key information for Aditya Birla Sun Life Gold Fund

Aditya Birla Sun Life Gold Fund Growth
Launch Date	20 Mar 12
NAV (19 Nov 24)	₹22.4329 ↑ 0.32 (1.46 %)
Net Assets (Cr)	₹440 on 31 Oct 24
Category	Gold - Gold
AMC	Birla Sun Life Asset Management Co Ltd
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	0.51
Sharpe Ratio	1.53
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 Oct 19	₹10,000
31 Oct 20	₹12,811
31 Oct 21	₹12,040
31 Oct 22	₹12,473
31 Oct 23	₹14,945
31 Oct 24	₹19,129

Aditya Birla Sun Life Gold Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹426,080.
Net Profit of ₹126,080 Invest Now

Returns for Aditya Birla Sun Life Gold Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Nov 24

Duration	Returns
1 Month	-1.9%
3 Month	5.7%
6 Month	2.9%
1 Year	23.1%
3 Year	13.6%
5 Year	13.1%
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
Haresh Mehta	28 Apr 23	1.51 Yr.

Data below for Aditya Birla Sun Life Gold Fund as on 31 Oct 24

Asset Allocation

Asset Class	Value
Cash	2.63%
Other	97.37%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Aditya BSL Gold ETF - \| -	99%	₹390 Cr	57,882,587 ↑ 1,200,000
Clearing Corporation Of India Limited CBLO/Reverse Repo \| -	2%	₹6 Cr
Net Receivables / (Payables) Net Current Assets \| -	1%	-₹3 Cr

2. Invesco India Gold Fund

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 CAGR/Annualized return of 6.2% since its launch. Return for 2023 was 14.5% , 2022 was 12.8% and 2021 was -5.5% .

Below is the key information for Invesco India Gold Fund

Invesco India Gold Fund Growth
Launch Date	5 Dec 11
NAV (19 Nov 24)	₹21.8811 ↑ 0.24 (1.12 %)
Net Assets (Cr)	₹98 on 31 Oct 24
Category	Gold - Gold
AMC	Invesco Asset Management (India) Private Ltd
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	0.45
Sharpe Ratio	1.6
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
31 Oct 19	₹10,000
31 Oct 20	₹12,999
31 Oct 21	₹12,184
31 Oct 22	₹12,668
31 Oct 23	₹15,146
31 Oct 24	₹19,463

Invesco India Gold Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹426,080.
Net Profit of ₹126,080 Invest Now

Returns for Invesco India Gold Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Nov 24

Duration	Returns
1 Month	-1.9%
3 Month	5.1%
6 Month	2.7%
1 Year	22.7%
3 Year	14.5%
5 Year	13.4%
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	0.25 Yr.

Data below for Invesco India Gold Fund as on 31 Oct 24

Asset Allocation

Asset Class	Value
Cash	5.35%
Other	94.65%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Invesco India Gold ETF - \| -	96%	₹80 Cr	120,243 ↑ 1,663
Triparty Repo CBLO/Reverse Repo \| -	5%	₹4 Cr
Net Receivables / (Payables) Net Current Assets \| -	1%	₹0 Cr

3. SBI Gold Fund

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 CAGR/Annualized return of 6.3% since its launch. Return for 2023 was 14.1% , 2022 was 12.6% and 2021 was -5.7% .

Below is the key information for SBI Gold Fund

SBI Gold Fund Growth
Launch Date	12 Sep 11
NAV (19 Nov 24)	₹22.4938 ↑ 0.29 (1.29 %)
Net Assets (Cr)	₹2,522 on 31 Oct 24
Category	Gold - Gold
AMC	SBI Funds Management Private Limited
Rating	☆☆
Risk	Moderately High
Expense Ratio	0.29
Sharpe Ratio	1.55
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 Oct 19	₹10,000
31 Oct 20	₹13,066
31 Oct 21	₹12,180
31 Oct 22	₹12,679
31 Oct 23	₹15,233
31 Oct 24	₹19,540

SBI Gold Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹426,080.
Net Profit of ₹126,080 Invest Now

Returns for SBI Gold Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Nov 24

Duration	Returns
1 Month	-2.3%
3 Month	5.3%
6 Month	2.7%
1 Year	22.8%
3 Year	14.1%
5 Year	13.4%
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
Raj gandhi	1 Jan 13	11.84 Yr.

Data below for SBI Gold Fund as on 31 Oct 24

Asset Allocation

Asset Class	Value
Cash	1.42%
Other	98.58%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
SBI Gold ETF - \| -	100%	₹2,525 Cr	366,596,520 ↑ 23,700,000
Net Receivable / Payable CBLO \| -	1%	-₹14 Cr
Treps CBLO/Reverse Repo \| -	0%	₹11 Cr

4. Nippon India Gold Savings Fund

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 CAGR/Annualized return of 8.2% since its launch. Return for 2023 was 14.3% , 2022 was 12.3% and 2021 was -5.5% .

Below is the key information for Nippon India Gold Savings Fund

Nippon India Gold Savings Fund Growth
Launch Date	7 Mar 11
NAV (19 Nov 24)	₹29.4923 ↑ 0.38 (1.30 %)
Net Assets (Cr)	₹2,237 on 31 Oct 24
Category	Gold - Gold
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆
Risk	Moderately High
Expense Ratio	0.34
Sharpe Ratio	1.56
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 Oct 19	₹10,000
31 Oct 20	₹12,974
31 Oct 21	₹12,105
31 Oct 22	₹12,556
31 Oct 23	₹15,070
31 Oct 24	₹19,303

Nippon India Gold Savings Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹426,080.
Net Profit of ₹126,080 Invest Now

Returns for Nippon India Gold Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Nov 24

Duration	Returns
1 Month	-2.3%
3 Month	5.5%
6 Month	2.7%
1 Year	22.4%
3 Year	13.9%
5 Year	13.2%
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	0.86 Yr.

Data below for Nippon India Gold Savings Fund as on 31 Oct 24

Asset Allocation

Asset Class	Value
Cash	0.94%
Other	99.06%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Nippon India ETF Gold BeES - \| -	100%	₹2,248 Cr	335,856,292 ↑ 15,170,000
Net Current Assets Net Current Assets \| -	1%	-₹27 Cr
Triparty Repo CBLO/Reverse Repo \| -	1%	₹16 Cr
Cash Margin - Ccil CBLO \| -	0%	₹0 Cr

5. ICICI Prudential Regular Gold Savings Fund

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 CAGR/Annualized return of 6.9% since its launch. Return for 2023 was 13.5% , 2022 was 12.7% and 2021 was -5.4% .

Below is the key information for ICICI Prudential Regular Gold Savings Fund

ICICI Prudential Regular Gold Savings Fund Growth
Launch Date	11 Oct 11
NAV (19 Nov 24)	₹23.8708 ↑ 0.32 (1.37 %)
Net Assets (Cr)	₹1,325 on 31 Oct 24
Category	Gold - Gold
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆
Risk	Moderately High
Expense Ratio	0.4
Sharpe Ratio	1.56
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 Oct 19	₹10,000
31 Oct 20	₹12,894
31 Oct 21	₹12,115
31 Oct 22	₹12,579
31 Oct 23	₹15,070
31 Oct 24	₹19,351

ICICI Prudential Regular Gold Savings Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹426,080.
Net Profit of ₹126,080 Invest Now

Returns for ICICI Prudential Regular Gold Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Nov 24

Duration	Returns
1 Month	-2.1%
3 Month	5.4%
6 Month	2.8%
1 Year	23.2%
3 Year	14.1%
5 Year	13.3%
10 Year
15 Year
Since launch	6.9%

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	12.1 Yr.
Nishit Patel	29 Dec 20	3.84 Yr.

Data below for ICICI Prudential Regular Gold Savings Fund as on 31 Oct 24

Asset Allocation

Asset Class	Value
Cash	1.8%
Other	98.2%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Pru Gold ETF - \| -	100%	₹1,156 Cr	176,282,338 ↑ 6,400,055
Treps CBLO/Reverse Repo \| -	1%	₹10 Cr
Net Current Assets Net Current Assets \| -	1%	-₹9 Cr

How To Choose Best Gold ETFs?

The parameters to choose the best Gold ETFs in India are as follows-

Fund Track Record

It is important to know the past performance of the fund house in Exchange Traded Funds. Investors looking for the best Gold ETFs, it is advisable to choose a fund which has a track record of at least three years.

Liquidity

Exchange Traded Funds need to be checked based on the trading activity. Most of the ETFs trade heavily based on the changes in the benchmark, but some ETFs trade barely. The trading activity actually confirms the liquidity of an ETF. The higher the trading activity, the higher is the liquidity.

Tracking Error

The ETFs are expected to track the underlying index closely, but some ETF do not track it closely. An investor should prefer an ETF with minimum tracking error.

FAQs

1. How is the value of gold ETFs evaluated?

A: The value of gold ETFs is tracked based on the Market value of physical gold. It represent the price of gold bars that have a purity of 99.5%. You can track the price of gold by logging into the NSE website or the BSE, and it will be reflected in the ongoing price of gold ETFs.

2. Who sells gold ETFs?

A: Mutual Fund companies and financial institutes sell gold ETFs. Some of the well-performing gold ETFs are mentioned above.

3. Can I purchase physical gold with the gold ETFs?

A: No, once the investment period is completed, you can close the account and withdraw the money. You cannot en-cash the gold ETFs for physical gold.

4. What do the gold ETFs invest in?

A: Gold ETFs have diversified investments in gold mining, Manufacturing, transportation, and other similar sectors. Usually, the assets are made in industries known to produce good returns, ensuring that the investments are safe and secure.

5. Why should I invest in gold ETFs?

A: Gold ETFs are suitable investments, especially if you are looking to diversify your investment Portfolio. Gold, as experts mention, is one of the safest investments as its value does not go down extensively. The same is applicable for gold ETFs.

6. Is there any exit load in this investment?

A: Given the nature of the investment, most companies do not levy an exit load in gold ETFs. Hence, if you want to withdraw from the investment before its maturity, you do not have to pay any exit load. However, most financial institutes levy a brokerage charge you will have to discuss with your fund manager.

7. Are there any tax benefits on the investments?

A: You would not have to pay any VAT in the case of gold ETFs, which would be the case if you had purchased physical gold of similar value. Moreover, depending on the income tax slab that you fall under, you can enjoy tax benefits from the investment you make. With gold ETFs, you will not have to pay any wealth tax, long-term Capital gains tax, or Sales Tax.

8. Can I use gold ETFs as collateral for loans?

A: Yes, gold ETFs are similar to gold, and hence, you can use them as Collateral for loans. You can it to secure the loan that you require from a Bank or a financial institute.

Disclaimer:
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.