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6 Gold ETFs Investors Can Buy In India
Gold ETFs offer numerous advantages as compared to traditional way of investing in gold. One of the biggest advantages is that they are available in electronic form and hence there is no worries over theft or robbery. The second big advantage is that they track gold prices, so one does not miss the rally in gold. Gold ETFs had a fantastic one year return and also year to date returns. take a look.
Here are a six gold ETFs one can buy and their returns
| Gold ETF | 1-year return |
|---|---|
| SBI Gold ETF | 31.53% |
| HDFC Gold ETF | 31.52% |
| Axis Gold ETF | 31.37% |
| Reliance ETF Gold BEES | 31.09% |
| IDBI Gold ETF | 31.54% |
Gold ETFs: A great way to diversify
Gold ETFs are a great way to diversify your investment. Since they track gold prices, you can hedge against geo-political tensions or any other eventuality. Most of the funds have given superior returns in the last 1 to 2 -years. In the case of 1-year returns they have beaten the returns given from fixed deposits and in most cases of Gold ETFs by a distance.
How to buy Gold ETFs?
Gold ETFs are traded on the exchanges, just as one trades in shares. So, you need to open a demat and trading account, before you venture into Gold ETFs. They are easy to sell and reasonably liquid as well.
It is always advised that you should diversify your holding and hence Gold ETFs may not be a bad bet. The returns from these have been exceptional in the last and year and also year to date. In fact, the returns of the top Gold ETFs in India is almost the same, as they always track gold.
We recommend that you do not put all your eggs in one basket and buy only a limited quantity of Gold ETFs to hedge your risk.
Remember that Gold ETFs are not tax free and hence you need to pay the taxes as applicable on them.
Will gold prices rise?
Gold ETFs are linked to gold prices. Hence, the question that often arises is: would gold prices rise?
At the moment, it should be remembered that gold prices in India have hit a record high of Rs 39,000 for 24 karats in the spot market. It is difficult to believe that it would rise from hereon. At best it might react from these levels or it might stabilize. It is unlikely that we will see a swift movement in either direction either way.
