The Sensex on June 10, 2015 closed at 26,840 points, which is almost at the same level on June 17, 2016. Indices have not given any returns, while gold has jumped a near 10 per cent in the last 1 year and 15 per cent in the last six months. These returns are even better than bank FDs. Here are 7 Gold ETFs you can buy.
GS Gold BeES
GS Gold BeES from Goldman Sachs is the largest Gold ETF in India, in terms of Assets Under Management.
The ETF has given returns of 9.7 per cent in the last 1 year and 15.6 per cent in the last six months. This beats even bank deposit interest rates and even the stock market indices.
R Shares Gold ETF
R Shares Gold ETF is the second largest Gold ETF in terms of assets under management. The fund has assets under management to the tune of Rs 1377 crores.
Returns from this Gold ETFs is much lower at 8.9 per for 1 year and 15 per cent for six months.
UTI Gold Exchange Traded Fund
The returns from this ETF is the best when compared to other ETFs in the country.
UTI Gold Exchange Traded Fund has given returns of 9.7 per cent in the last 1 year and 15.7 per cent in the last six months. This beats even bank deposit interest rates.
IDBI Gold Exchange Traded Fund
Like UTI Gold Exchange Traded Fund, IDBI Gold Exchange Traded Fund has given returns of 9.7 per cent in the last 1 year and 15.7 per cent in the last six months. This is the best from any Gold ETF.
ICICI Pru Gold ETF
The assets under management of this fund is not very great. Returns are slightly less at 15.6 per cent for six months year and 9.7 per cent for he last 1 year.
Returns are linked to gold prices, though it is not one the largest Gold ETFs in the country.
SBI - ETF Gold
At 9.5 per cent return for the last 1 year, the Gold ETF has given good returns. The 6-month returns is placed at 15.5%, thanks to a sharp rally in gold prices since the start of the year.
Buy, if you believe gold will rally further.
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