Top 10 Best Performing Gold Funds for the year 2023

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Top 5 Best Performing Gold Funds for the year 2023

Updated on December 18, 2024 , 709 views

Gold Funds or Gold Mutual Funds refer to the schemes that invest their corpus money in gold ETFs or Exchange Traded Fund. Though Gold ETFs and Gold Funds both are offered by the same fund house but to purchase Gold ETFs customers need to have a Demat account which is not required in case of Gold Funds. In addition, Gold ETFs invest their money in physical gold while the gold funds in Gold ETFs. In Gold Funds, people can invest through SIP mode. These schemes have been able to earn commensurate returns for their investors in 2023. So, let us have a glance at the performance of the top 10 Best Gold Funds for the year 2023 on the Basis of returns.

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Best Performing Gold Funds for the year 2023

Fund	NAV	Net Assets (Cr)	2023 (%)	2022 (%)	2021 (%)	2020 (%)	2019 (%)
IDBI Gold Fund Growth	₹19.855 ↓ -0.15	₹70	14.8	12	-4	24.2	21.6
Axis Gold Fund Growth	₹22.4079 ↓ -0.10	₹696	14.7	12.5	-4.7	26.9	23.1
Invesco India Gold Fund Growth	₹21.7405 ↓ -0.11	₹100	14.5	12.8	-5.5	27.2	21.4
Aditya Birla Sun Life Gold Fund Growth	₹22.3238 ↓ -0.18	₹435	14.5	12.3	-5	26	21.3
Nippon India Gold Savings Fund Growth	₹29.2975 ↓ -0.21	₹2,193	14.3	12.3	-5.5	26.6	22.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 20 Dec 24

Top 5 Performing Gold Funds for the year 2023

1. IDBI Gold Fund

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 CAGR/Annualized return of 5.7% since its launch. Return for 2023 was 14.8% , 2022 was 12% and 2021 was -4% .

Below is the key information for IDBI Gold Fund

IDBI Gold Fund Growth
Launch Date	14 Aug 12
NAV (20 Dec 24)	₹19.855 ↓ -0.15 (-0.74 %)
Net Assets (Cr)	₹70 on 30 Nov 24
Category	Gold - Gold
AMC	IDBI Asset Management Limited
Rating	Not Rated
Risk	Moderately High
Expense Ratio	0.65
Sharpe Ratio	0.96
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
30 Nov 19	₹10,000
30 Nov 20	₹12,668
30 Nov 21	₹12,292
30 Nov 22	₹13,413
30 Nov 23	₹15,730
30 Nov 24	₹18,971

IDBI 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 IDBI 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 20 Dec 24

Duration	Returns
1 Month	-1.2%
3 Month	1.4%
6 Month	3.5%
1 Year	19%
3 Year	14.7%
5 Year	13.2%
10 Year
15 Year
Since launch	5.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	14.8%
2022	12%
2021	-4%
2020	24.2%
2019	21.6%
2018	5.8%
2017	1.4%
2016	8.3%
2015	-8.7%
2014	0.2%

Fund Manager information for IDBI Gold Fund

Name	Since	Tenure
Sumit Bhatnagar	1 Jun 24	0.5 Yr.

Data below for IDBI Gold Fund as on 30 Nov 24

Asset Allocation

Asset Class	Value
Cash	1.67%
Other	98.33%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
LIC MF Gold ETF - \| -	99%	₹70 Cr	99,901 ↑ 2,084
Treps CBLO/Reverse Repo \| -	1%	₹1 Cr
Net Receivables / (Payables) Net Current Assets \| -	0%	₹0 Cr

2. Axis Gold Fund

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 CAGR/Annualized return of 6.3% since its launch. Return for 2023 was 14.7% , 2022 was 12.5% and 2021 was -4.7% .

Below is the key information for Axis Gold Fund

Axis Gold Fund Growth
Launch Date	20 Oct 11
NAV (20 Dec 24)	₹22.4079 ↓ -0.10 (-0.46 %)
Net Assets (Cr)	₹696 on 30 Nov 24
Category	Gold - Gold
AMC	Axis Asset Management Company Limited
Rating	☆
Risk	Moderately High
Expense Ratio	0.24
Sharpe Ratio	0.95
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 Nov 19	₹10,000
30 Nov 20	₹12,787
30 Nov 21	₹12,501
30 Nov 22	₹13,520
30 Nov 23	₹15,973
30 Nov 24	₹19,227

Axis 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 Axis 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 20 Dec 24

Duration	Returns
1 Month	-0.7%
3 Month	1.6%
6 Month	3.5%
1 Year	19.9%
3 Year	14.6%
5 Year	13.6%
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	3.06 Yr.

Data below for Axis Gold Fund as on 30 Nov 24

Asset Allocation

Asset Class	Value
Cash	5.59%
Other	94.41%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Axis Gold ETF - \| -	96%	₹670 Cr	99,699,015 ↑ 8,013,154
Clearing Corporation Of India Ltd CBLO/Reverse Repo \| -	4%	₹30 Cr
Net Receivables / (Payables) Net Current Assets \| -	0%	-₹1 Cr

3. 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 6.1% 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 (20 Dec 24)	₹21.7405 ↓ -0.11 (-0.52 %)
Net Assets (Cr)	₹100 on 30 Nov 24
Category	Gold - Gold
AMC	Invesco Asset Management (India) Private Ltd
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	0.45
Sharpe Ratio	0.98
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 Nov 19	₹10,000
30 Nov 20	₹12,803
30 Nov 21	₹12,337
30 Nov 22	₹13,455
30 Nov 23	₹15,713
30 Nov 24	₹18,992

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 20 Dec 24

Duration	Returns
1 Month	-0.6%
3 Month	1.2%
6 Month	3.4%
1 Year	19.3%
3 Year	14.7%
5 Year	13.2%
10 Year
15 Year
Since launch	6.1%

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	0.33 Yr.

Data below for Invesco India Gold Fund as on 30 Nov 24

Asset Allocation

Asset Class	Value
Cash	7.83%
Other	92.17%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Invesco India Gold ETF - \| -	96%	₹96 Cr	142,777 ↑ 12,944
Triparty Repo CBLO/Reverse Repo \| -	4%	₹4 Cr
Net Receivables / (Payables) Net Current Assets \| -	0%	₹0 Cr

4. 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 6.5% 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 Dec 24)	₹22.3238 ↓ -0.18 (-0.82 %)
Net Assets (Cr)	₹435 on 30 Nov 24
Category	Gold - Gold
AMC	Birla Sun Life Asset Management Co Ltd
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	0.51
Sharpe Ratio	0.95
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 Nov 19	₹10,000
30 Nov 20	₹12,660
30 Nov 21	₹12,279
30 Nov 22	₹13,295
30 Nov 23	₹15,631
30 Nov 24	₹18,834

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 20 Dec 24

Duration	Returns
1 Month	-0.5%
3 Month	2.8%
6 Month	5%
1 Year	20.5%
3 Year	14.2%
5 Year	13.2%
10 Year
15 Year
Since launch	6.5%

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
Rupesh Gurav	22 Nov 24	0.02 Yr.

Data below for Aditya Birla Sun Life Gold Fund as on 30 Nov 24

Asset Allocation

Asset Class	Value
Cash	3.28%
Other	96.72%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Aditya BSL Gold ETF - \| -	98%	₹433 Cr	61,207,587 ↑ 3,325,000
Clearing Corporation Of India Limited CBLO/Reverse Repo \| -	3%	₹13 Cr
Net Receivables / (Payables) Net Current Assets \| -	1%	-₹6 Cr

5. 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 8.1% 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 (20 Dec 24)	₹29.2975 ↓ -0.21 (-0.72 %)
Net Assets (Cr)	₹2,193 on 30 Nov 24
Category	Gold - Gold
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆
Risk	Moderately High
Expense Ratio	0.34
Sharpe Ratio	0.95
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 Nov 19	₹10,000
30 Nov 20	₹12,786
30 Nov 21	₹12,343
30 Nov 22	₹13,355
30 Nov 23	₹15,685
30 Nov 24	₹18,906

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 20 Dec 24

Duration	Returns
1 Month	-0.7%
3 Month	1.3%
6 Month	3.6%
1 Year	19.4%
3 Year	14.4%
5 Year	13.1%
10 Year
15 Year
Since launch	8.1%

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	0.94 Yr.

Data below for Nippon India Gold Savings Fund as on 30 Nov 24

Asset Allocation

Asset Class	Value
Cash	1.44%
Other	98.56%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Nippon India ETF Gold BeES - \| -	100%	₹2,191 Cr	340,805,792 ↑ 4,949,500
Triparty Repo CBLO/Reverse Repo \| -	0%	₹5 Cr
Net Current Assets Net Current Assets \| -	0%	-₹4 Cr
Cash Margin - Ccil CBLO \| -	0%	₹0 Cr

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.