This post takes a look at the gold ETFs that are available to Indian investors. Right now there are six such gold ETFs in India.
| Name | Expense Ratio | Pricing Per Unit | Inception Date |
| Benchmark Mutual Fund – Gold Benchmark Exchange Traded Scheme | 1% | Approximately 1 gram of gold | 07 – March 2008 |
| UTI Mutual Fund – UTI Gold Exchange Traded Fund | 2.5% | Approximately 1 gram of gold | 3rd Jan 2007 |
| Kotak Mutual Fund – Gold Exchange Traded Fund | 2.5% | Approximately 1 gram of gold | 21st June 2007 |
| Reliance Mutual Fund – Gold Exchange Traded Fund | 2.5% | Approximately 1 gram of gold | 1st November 2007 |
| Quantum Gold Fund – Exchange Traded Fund | 1.25% | Approximately half a gram of gold | 27th February 2008 |
| SBI Mutual Fund – SBI Gold ETF | 2.50% | Approximately 1 gram of gold | 30th March 2009 |
Views: 12418
Ratings:
You may also be interested
in
Ratings:
{ 2 trackbacks }
{ 11 comments… read them below or add one }
plz send me deliy update etf fund informetion
You can track NAVs of ETFs or mutual funds using sites like Moneycontrol. Here is a link that shows you how to do it:
http://www.onemint.com/2009/09/11/track-mutual-fund-navs-with-moneycontrol/
How to choose the best fund out of all these gold ETFs?
Are they all same?
All these physically buy gold and keep so that is one thing that is common in them. They charge you fee which is called “Expense Ratio”. The higher the expense ratio the more fee they charge. So that should be a factor to consider while buying.
Hi Manshu
1. Is the expense ratio only criteria for buying?
2. Is it possible to buy/sell these ETFs from ICICI direct?
Thanks for your anwer in advance
Anand
1. Expense ratio is one biggie, volumes are another. You don’t want to buy in something that is thinly traded. I think tracking error is also important which means how close are the NAVs and actual price of the ETF.
2. Yes, it is possible to do so. You can do it from the Stocks tab.
Hey Manshu,
I dint understand what do you mean by Thinly traded?
Regarding Tracking error, where is that cited? Do ETFs mention that somewhere?
Thanks
Anand
Hey Anand,
By thinly traded I meant ETFs that do not have much trading volumes. You can find out trading volumes by going to nseindia.com, entering a ETF code, and pulling up information about it. You can compare a few ETFs of the same category to see what each one looks like.
Tracking error is generally given in the Statement of Additional Information (SAI) or prospectus. You can compare them to see how each fares.
Thank you Manshu..
Now you can add Religlare gold ETF in this list and make it seven
I shall do that, thanks!