If you want to invest in gold now, you need to know this. – (Best Gold ETFs in India) or Gold Exchange Traded Fund is a fixed passively restricted fund, which tracks the price of Sony in the market. This helps determine the fluctuations in the price of gold in the market. Gold ETF funds invest in gold bullion, such as gold that is 99.50% pure. In this article, you have been given a list of best gold ETFs, through which you can consider investing in it.
Best Gold ETFs in India to Invest in 2023
In this article, you have been given a list of the Best Gold ETFs in India in which you can invest.
Axis Gold ETF
Axis Gold ETF is an investment option that lets you own gold in an electronic form. It’s similar to owning physical gold but without the need for storage or safety concerns. With Axis Gold ETF, you can invest in gold easily and conveniently, as it tracks the price of gold in the market. It’s a straightforward way to add gold to your investment portfolio.
- NAV: ₹48.84
- Expense Ratio: 0.53%
- AUM: ₹756.85 Cr
ICICI Prudential Gold ETF
The ICICI Prudential Gold ETF is an investment option that allows you to buy and own gold simply and cost-effectively. It’s like owning physical gold, but it’s in an electronic form, making it easy to trade on the stock exchange. It’s a way to invest in gold without needing to store or safeguard physical gold, providing flexibility and liquidity to investors.
- NAV: ₹50.12
- Expense Ratio: 0.5%
- AUM: ₹3332.52 Cr
Kotak Gold ETF
The Kotak Best Gold ETFs in India is an investment option that allows you to invest in gold. It works like buying physical gold but in an electronic form. It’s a simple and convenient way to add gold to your investment portfolio without needing to store physical gold. This makes it an accessible choice for those looking to invest in the precious metal.
- NAV: ₹49.74
- Expense Ratio: 0.55%
- AUM: ₹2580.36 Cr
IDBI Gold Exchange Traded Fund
The IDBI Gold Exchange Traded Fund is an investment option that allows you to invest in gold. It works like a mutual fund but focuses on gold. When you invest in it, you essentially own a small piece of physical gold, which is securely stored. This is a straightforward way to invest in gold without needing to buy and store it yourself.
- NAV: ₹5319.49
- Expense Ratio: 0.35%
- AUM: ₹94.67Cr
Invesco India Gold ETF
Invesco India Best Gold ETFs in India is like a digital way to invest in gold. Instead of buying physical gold, you can purchase shares in this fund, and it tracks the price of gold. It’s an easy and cost-effective way to own gold without needing to store it physically.
- NAV: ₹5173.46
- Expense Ratio: 0.55%
- AUM: ₹89.3 Cr
HDFC Gold Exchange Traded Fund
The HDFC Gold Exchange Traded Fund is a straightforward way to invest in gold. It works like a mutual fund but primarily invests in gold, giving you an opportunity to benefit from the rising value of gold. It’s a convenient option for people looking to add gold to their investment portfolio without physically owning it, and it’s traded on the stock exchange like a regular stock, making it easy to buy and sell.
- NAV: ₹50.29
- Expense Ratio: 0.59%
- AUM: ₹3353.55 Cr
Aditya Birla Sun Life Gold ETF
Aditya Birla Sun Life Gold ETF is an investment fund that primarily focuses on gold. It allows you to invest in gold through the stock exchange, similar to buying shares in a company. This is a straightforward way to add gold to your investment portfolio without physically owning the precious metal. It offers you the opportunity to benefit from the price movements of gold in a hassle-free manner.
- NAV: ₹52.34
- Expense Ratio: 0.54%
- AUM: ₹355.56 Cr
UTI Gold Exchange Traded Fund
The UTI Gold Exchange Traded Fund (ETF) is a financial product that allows you to invest in gold like buying stocks. It’s an easy way to own gold without having to physically store it. When you invest in this ETF, you essentially own a share of gold, and its value moves in line with the price of gold in the market. It’s a straightforward and hassle-free way to add gold to your investment portfolio.
- NAV: ₹46.68
- Expense Ratio: 1.13%
- AUM: ₹817.90 Cr
Quantum Gold Fund
The Quantum Gold Fund is an investment option that allows you to invest in gold without physically owning the precious metal. It operates like a mutual fund and invests in gold-related assets. It’s a simple way for individuals to benefit from the stability and potential growth of gold in their investment portfolio.
- NAV: ₹49.39
- Expense Ratio: 0.78%
- AUM: ₹154.60 Cr
SBI- ETF Gold
SBI-ETF Gold is an investment option offered by the State Bank of India (SBI) that allows you to invest in gold through exchange-traded funds (ETFs). It’s a straightforward and hassle-free way to add gold to your investment portfolio. With SBI-ETF Gold, you can benefit from the value of gold without the need to physically store or handle the precious metal.
- NAV: ₹51.08
- Expense Ratio: 0.64%
- AUM: ₹2824.08 Cr
Conclusion
If you’re considering investing in gold, there are several excellent options available in India for 2023. These Best Gold ETFs in India offer a hassle-free and straightforward way to add gold to your investment portfolio without the need for physical storage or handling.
Each of these funds comes with its unique features, expense ratios, and assets under management, allowing you to choose the one that best aligns with your investment goals and preferences.
By investing in these Gold ETFs, you can tap into the potential of gold’s value in a convenient and accessible manner, making it an attractive option for both seasoned and novice investors.