Outperforming Top 7 gold ETF schemes for investments..!?

Sowmiya Sriram
Outperforming Top 7 gold ETF schemes for investments..!?
These gold exchange-traded funds (ETFs) have given strong returns as they exit the stock market and increasingly invest in gold. gold ETFs have been in high demand in the last few months. As of october 2024, gold ETFs had a net investment of Rs 1,961 crore. This is a historic achievement, according to data released by the Association of Mutual Funds of india (AMFI). In September, Rs 1,233 crore was invested in gold ETFs. Due to global instability, geopolitical tension, inflationary pressure, and market fluctuations, investors' interest in gold continues to increase. ETFs have now become the center of attraction among investors. Along with gold mutual funds and bonds, gold ETFs have also emerged as the best option for investing in gold.
Recently, gold ETFs have seen high demand in the last few months. As of october 2024, gold ETFs have received inflows worth Rs 1,961 crore. This is a historic achievement, according to data released by the Association of Mutual Funds of india (AMFI). While Rs 1,233 crore was invested in gold ETFs in September, the figure rose 59 percent to Rs 1,961 crore in October. This growing interest in investing in gold ETFs has almost doubled gold holdings in indian gold ETFs over the past four years to a record 54.5 tonnes by october 31, 2024. For investors considering adding gold ETFs to their portfolio as a long-term investment, what kind of returns have these schemes delivered over three and five years? According to AMFI data, most of the gold ETF schemes have given maximum returns of 14.5% over three years and 13.76% over five years.
List of top seven gold ETF fund schemes that have given the highest returns on investment: Aditya Birla sun Life gold ETF has returned 14.18% in the last three years. Meanwhile, its return in five years is 13.61%. Axis gold ETF has returned 14.27% over three years and 13.57% over five years. Similarly, lic Mutual Fund gold ETF has returned 14.61% over three years and 13.76% over five years.
Invesco india gold ETF has returned 14.15% over three years and 13.08% over five years. Meanwhile, ICICI Prudential gold ETF has returned 14.25% over three years and 13.46% over five years. UTI gold ETF has returned 14.21% over three years and 13.35% over five years. Lastly, Kotak gold ETF has returned 14.20% over three years and 13.56% over five years.
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