Top Gold ETFs in India – Based on Asset Under Management (AUM)

ETFs (Exchange Traded Funds) and Mutual Funds are the investment destinations for the people having a higher risk appetite. ETFs invest money in equities, commodities, currencies etc. People who want to invest in gold but do not want to carry gold at home prefer gold ETFs to invest. This is an indirect mode of investment into gold through an asset management company. This post discusses the top gold ETFs in India based on their Asset Under Management (AUM).

top gold etfs in india

What is Gold ETF?

ETFs (Exchange Traded Funds) are very much similar to the mutual funds. They both pool money from investors and invest it some elsewhere like equities, bonds or any other asset class. But they both are different in working. Mutual funds invest money in securities while ETFs invest money in a fixed basket of assets which may be equity, bond, or commodity. Gold ETFs invest money of investors into gold as a commodity.

(Read: ETF – Exchange Traded Fund – What are ETFs? How ETFs Work?)

   Gold ETF is an investment option where online investment to the gold is facilitated. It is a commodity ETF where gold as a commodity is selected for investment. These funds are traded on the stock exchange like other ETFs. They eliminate the issue of trading gold which may involve purity, minimum purchase amount, making charges, the risk of theft etc.

Top Gold ETFs in India

Below is the list of top gold ETFs in India based on their Asset Under Management (AUM).

#1. Reliance ETF Gold BeES

Fund House: Reliance Mutual Fund

Asset Under Management (AUM): Rs 2,262.42 Crores

NAV (21-Dec-2018): 2,776.424

Crisil Rank: Not Ranked

Inception Year: 2007

#2. SBI – ETF Gold

Fund House: SBI Mutual Fund

Asset Under Management (AUM): Rs 632.57 Crores

NAV (21-Dec-2018): 2,835.846

Crisil Rank: 2

Inception Year: 2009

#3. HDFC Gold Exchange Traded Fund

Fund House: HDFC Mutual Fund

Asset Under Management (AUM): Rs 428.80 Crores

NAV (21-Dec-2018): 2,852.107

Crisil Rank: Not Ranked

Inception Year: 2010

#4. Kotak Gold ETF

Fund House: Kotak Mahindra Mutual Fund

Asset Under Management (AUM): Rs 364.17 Crores

NAV (21-Dec-2018): 276.482

Crisil Rank: Not Ranked

Inception Year: 2007

#5. UTI Gold Exchange Traded Fund

Fund House: UTI Mutual Fund

Asset Under Management (AUM): Rs 339.47 Crores

NAV (21-Dec-2018): 2,796.069

Crisil Rank: 3

Inception Year: 2007

#6. ICICI Prudential Gold ETF

Fund House: ICICI Prudential Mutual Fund

Asset Under Management (AUM): Rs 92.69 Crores

NAV (21-Dec-2018): 28.453

Crisil Rank: Not Ranked

Inception Year: 2010

#7. Axis Gold ETF

Fund House: Axis Mutual Fund

Asset Under Management (AUM): Rs 78.01 Crores

NAV (21-Dec-2018): 2,755.997

Crisil Rank: Not Ranked

Inception Year: 2010

#8. Birla Sun Life Gold ETF

Fund House: Aditya Birla Sun Life Mutual Fund

Asset Under Management (AUM): Rs 74.04 Crores

NAV (21-Dec-2018): 2,901.666

Crisil Rank: Not Ranked

Inception Year: 2011

#9. IDBI Gold Exchange Traded Fund

Fund House: IDBI Mutual Fund

Asset Under Management (AUM): Rs 62.30 Crores

NAV (21-Dec-2018): 2,945.428

Crisil Rank: Not Ranked

Inception Year: 2011

#10. Quantum Gold Fund

Fund House: Quantum Mutual Fund

Asset Under Management (AUM): Rs 53.51 Crores

NAV (21-Dec-2018): 1,381.490

Crisil Rank: Not Ranked

Inception Year: 2008

#11. Canara Robeco Gold Exchange Traded Fund

Fund House: Canara Robeco Mutual Fund

Asset Under Management (AUM): Rs 37.65 Crores

NAV (21-Dec-2018): 2,897.705

Crisil Rank: Not Ranked

Inception Year: 2012

#12. Invesco India Gold ETF

Fund House: Canara Robeco Mutual Fund

Asset Under Management (AUM): Rs 30.57 Crores

NAV (21-Dec-2018): 2,860.499

Crisil Rank: Not Ranked

Inception Year: 2010

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