This Gold ETF SIP Given Over 23.64% Returns In 1 Year, Check Returns

Gold ETFs allow investors to participate in the gold market. They are a fantastic long-term investment option for those wishing to fight inflation. Furthermore, as compared to stocks, gold is a less volatile asset. 1 gram of gold is equivalent to 1 Gold ETF unit. Here, we have highlighted one Gold ETF that has given highest returns in past 1 year.

IDBI Gold Exchange Traded Fund

NAV	Fund Size	Expense Ratio
₹5,067.50	₹ 83.82 Cr	0.35%

As on 9th March 2022

It's an open-ended system that mimics/tracks gold's performance in domestic pricing. This ETF seeks to mirror the performance of gold in domestic prices by investing in real gold and gold-related instruments. The ETF will use a passive investing technique, with the goal of reducing the tracking error between the Fund and the underlying asset in order to meet the investment objective. The scheme's gross investment, which comprises physical gold, debt securities, and money market instruments, will not exceed 100% of the scheme's net assets. The Scheme's units are listed on the National Stock Exchange (NSE) of India Ltd. and the Bombay Stock Exchange Ltd. because it is an exchange traded fund. The AMC may list the Scheme's units on any other Stock Exchange at its discretion.

Absolute and Annualised Returns

Period	Absolute Returns	Annualised Returns
1 Year	23.64%	23.64%
2 Year	21.16%	10.07%
3 Year	66.83%	18.57%
5 Year	83.80%	12.94%
10 Year	80.89%	6.10%
Since Inception	74.65%	5.54%

SIP Returns

Period	Absolute Returns	Annualised Returns
1 Year	16.06%	31.15%
2 Year	13.75%	12.95%
3 Year	25.72%	15.45%
5 Year	46.59%	15.30%
10 Year	64.69%	9.64%

Disclaimer

Gold ETF investments are subject to market risk and and influenced by Gold Price. Read all scheme-related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.