If you have never invested in gold ETFs, you actually should. Gold ETFs move in tandem with gold prices. They are held in electronic form and there is no chance of theft. There is also no expense related to storage like bank lockers. Here are 7 Gold ETFs that have given 26% returns in the last 1 year.
UTI Gold Exchange Traded Fund
If you had to invest in UTI Gold Exchange Traded Fund exactly a year back, you would have made gains of 26.5 per cent.
In fact, the returns in just 6 months has been 10 per cent, which is exceptionally good. The assets under management of the fund is around Rs 466 crores.
GS Gold BEES
GS Gold BEES is one of the most popular Gold ETFs in the country and has the highest assets under management.
The returns in the last 1 year is slightly below that of UTI Gold Exchange ETF at 26.4 per cent. The returns in just six months is 9.2 per cent, which is again very good.
Birla Sun Gold ETF
This is another Gold ETF that has generated good returns of 26.4 per cent in the last 1 year. The 6-month returns is 9.1 per cent, which banks do not give on deposits even for the entire year.
IDBI Gold ETF
IDBI Gold ETF is just like some of its peers listed above, which has managed to give decent gains of 26.4 per cent in the last 1 year.
The assets under management of the fund is pretty low at Rs 89 crores.
SBI Gold ETF
This is a gold ETF from the SBI stable. Tracking gold rates, this fund generated a return of 26.3 per cent in the last 1 year, which is marginally lower than the ones mentioned above. The returns from Gold ETFs it must be noted is taxable as per the present provisions.
Quantum Gold ETF
Quantum Gold ETF has shown slightly less gains of 26.1 per cent, as compared to the others. Like all of the rest it tracks gold prices and should gold prices rally, this fund could generate further returns.
Kotak Gold ETF
Kotak Gold ETF has given returns of almost 26.2 per cent in the last 1 year, which is certainly lower than the others. There is no certainty that gold prices would rally and gold investment would continue to shine.