Gold Exchange Traded Funds (ETFs) are extremely popular among investors, as they track gold prices and eliminate the need of storage. Also, since they are in the electronic form, there is no real need to worry about theft. Last year, gold gave returns of as much as 9 per cent in the international markets, though our own returns fell as the currency fluctuated against the US dollar. Here are a few gold ETFs that investors could consider for 2017.
GS Gold BES
GS Gold BES or popularly called the Goldman Sach ETF has given the highest returns in the last one year. The fund has generated a return of almost 17 per cent last year and is among the biggest gold ETFs in the country. The two year returns from the fund is about 7.5 per cent, which is again among the best that we are presently seeing.
Reliance Gold Shares ETF
Reliance Gold Shares ETF is another gold ETF that has given an exceptional performance in the last one year. It has returned almost 16 per cent. Normally, there is not much variation that is seen in the returns of various Gold ETFs, since they more or less track gold prices. So, what we are saying that the variation in returns is the bare minimum.
IDBI Gold ETF
IDBI Gold ETF has also given good returns in the last one year. In fact, the returns in the last one year has not been bad at all. The fund has given returns of 9 per cent. It is important to also remember that there is a capital gains tax that is applicable on the sale of gold in India.
UTI Gold ETF
UTI Gold ETF is another ETF that has churned good returns for investors. The fund has given returns of 9.8 per cent and is only marginally lower then the returns given by IDBI Gold ETF. If you are a long term investor, this maybe a good bet.
SBI Gold ETF
SBI gold ETF has assets under management to the tune of Rs 980 crores and is another large sized gold ETF. The fund has slightly lower returns of 9.4 per cent in the last on one year.
Kotak Gold ETF
Kotak Gold ETF has given returns of 9.4 per cent and has assets under management of Rs 800 plus crores. If you are looking to buy you have to track the prices of gold, which should be a good idea.