Gold ETFs in India: Tracking their 1 year performance

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Gold Exchange Traded Funds, track gold rates and its not been a happy year for investors in gold. The precious metal is set to see its first ever decline in 12 years, as investors are weaned away by equities, following a global economic recovery. Take a look at how gold ETFs in India have performed in the last 1 year.

Peformance in line with spot gold prices

Scheme serves to provide returns that beat inflation by investing in gold but without the need to hold gold in physical form. The scheme in line with the gold prices in the global market generated -7.63% return in the past one year. However, seeking cues from the gold prices in global market, the scheme has hit a 52-week high on September 10, 2013.

Goldman Sachs gold etf

Gold BeEs is a exchange traded scheme managed by Goldman Sachs Mutual Fund. The scheme floated with the purpose of yielding returns (not including expenses associated with holding gold ETFs) that correspond to returns generated for physical gold has yielded negative returns of -7.24% in the last one year on account of fall in gold prices in the international market.

Returns at par with underlying asset returns

The scheme from the Gold ETF managed by SBI mutual fund like other peer has yielded negative returns of -7.41% in the past one year. The returns from SBIGETS are in line with the returns generated by the underlying asset subject to tracking errors.

Return equivalent to -7.60%

Open-ended ETF scheme with investment in physical gold tracks spot price of gold in the domestic market. The scheme over the period of 1-year has yielded -7.60% returns.

Underlying asset in scheme is gold and money market instrument

The open-ended scheme with benchmark as the domestic gold prices has yielded negative returns of -8.03% in the last one year on account of decline in spot gold prices in the domestic market.

Scheme hit a 52-week high price of 3392

The scheme tracking investment in physical gold generated negative returns of -7.52% over a time frame. The scheme only recently hit a 52-week high price of 3,392 on September 19, 2013.

Story first published: Wednesday, September 25, 2013, 12:59 [IST]
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