In addition to this, the NSE has said that there would be no transaction charges on that day, making it an ideal opportunity to invest in Gold ETFs.
Gold ETFs have seen a phenomenal growth on the NSE since their launch in 2007. The traded value increased from Rs 1,172 crore in 2008-09 to Rs 11,532 crore in 2011-12. The gross traded value in Gold ETFs on Akshaya Tritiya day had gone up from Rs 345 crore in 2010 to Rs 846 crore in 2011, the NSE has said.
There is an emerging interest in ETF, since they track gold and at the same time do away with the hassles of miscellaneous charges like lockers to hold gold in the physical form.
There are a total of 14 asset management companies that are offering gold in ETF form. A few of the recent ones included the Motilal Oswal MOSt shares gold ETF, Canara Robeco, Kotal Gold.