ETFs (Exchange Traded Funds) and Mutual Funds are the investment destinations for the people having a higher risk appetite. ETFs invest money in equities, commodities, currencies etc. People who want to invest in gold but do not want to carry gold at home prefer gold ETFs to invest. This is an indirect mode of investment into gold through an asset management company. This post discusses the top gold ETFs in India based on their Asset Under Management (AUM).
What is Gold ETF?
ETFs (Exchange Traded Funds) are very much similar to the mutual funds. They both pool money from investors and invest it some elsewhere like equities, bonds or any other asset class. But they both are different in working. Mutual funds invest money in securities while ETFs invest money in a fixed basket of assets which may be equity, bond, or commodity. Gold ETFs invest money of investors into gold as a commodity.
(Read: ETF – Exchange Traded Fund – What are ETFs? How ETFs Work?)
Gold ETF is an investment option where online investment to the gold is facilitated. It is a commodity ETF where gold as a commodity is selected for investment. These funds are traded on the stock exchange like other ETFs. They eliminate the issue of trading gold which may involve purity, minimum purchase amount, making charges, the risk of theft etc.
Top Gold ETFs in India
Below is the list of top gold ETFs in India based on their Asset Under Management (AUM).
#1. Reliance ETF Gold BeES
Fund House: Reliance Mutual Fund
Asset Under Management (AUM): Rs 2,262.42 Crores
NAV (21-Dec-2018): 2,776.424
Crisil Rank: Not Ranked
Inception Year: 2007
#2. SBI – ETF Gold
Fund House: SBI Mutual Fund
Asset Under Management (AUM): Rs 632.57 Crores
NAV (21-Dec-2018): 2,835.846
Crisil Rank: 2
Inception Year: 2009
#3. HDFC Gold Exchange Traded Fund
Fund House: HDFC Mutual Fund
Asset Under Management (AUM): Rs 428.80 Crores
NAV (21-Dec-2018): 2,852.107
Crisil Rank: Not Ranked
Inception Year: 2010
#4. Kotak Gold ETF
Fund House: Kotak Mahindra Mutual Fund
Asset Under Management (AUM): Rs 364.17 Crores
NAV (21-Dec-2018): 276.482
Crisil Rank: Not Ranked
Inception Year: 2007
#5. UTI Gold Exchange Traded Fund
Fund House: UTI Mutual Fund
Asset Under Management (AUM): Rs 339.47 Crores
NAV (21-Dec-2018): 2,796.069
Crisil Rank: 3
Inception Year: 2007
#6. ICICI Prudential Gold ETF
Fund House: ICICI Prudential Mutual Fund
Asset Under Management (AUM): Rs 92.69 Crores
NAV (21-Dec-2018): 28.453
Crisil Rank: Not Ranked
Inception Year: 2010
#7. Axis Gold ETF
Fund House: Axis Mutual Fund
Asset Under Management (AUM): Rs 78.01 Crores
NAV (21-Dec-2018): 2,755.997
Crisil Rank: Not Ranked
Inception Year: 2010
#8. Birla Sun Life Gold ETF
Fund House: Aditya Birla Sun Life Mutual Fund
Asset Under Management (AUM): Rs 74.04 Crores
NAV (21-Dec-2018): 2,901.666
Crisil Rank: Not Ranked
Inception Year: 2011
#9. IDBI Gold Exchange Traded Fund
Fund House: IDBI Mutual Fund
Asset Under Management (AUM): Rs 62.30 Crores
NAV (21-Dec-2018): 2,945.428
Crisil Rank: Not Ranked
Inception Year: 2011
#10. Quantum Gold Fund
Fund House: Quantum Mutual Fund
Asset Under Management (AUM): Rs 53.51 Crores
NAV (21-Dec-2018): 1,381.490
Crisil Rank: Not Ranked
Inception Year: 2008
#11. Canara Robeco Gold Exchange Traded Fund
Fund House: Canara Robeco Mutual Fund
Asset Under Management (AUM): Rs 37.65 Crores
NAV (21-Dec-2018): 2,897.705
Crisil Rank: Not Ranked
Inception Year: 2012
#12. Invesco India Gold ETF
Fund House: Canara Robeco Mutual Fund
Asset Under Management (AUM): Rs 30.57 Crores
NAV (21-Dec-2018): 2,860.499
Crisil Rank: Not Ranked
Inception Year: 2010
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Why gold wtf is priced lower than physical gold