Gold ETF in India – Performance and Volumes in Last Year

It has been over a year since I wrote my best gold ETF in India post, and since then the number of gold ETFs that are present in India have almost doubled.

There are a total of 11 gold ETFs currently present in India, and 4 out of these 11 were launched within the last year. The big change in this space has been the reduction in the expenses that sponsors charge their customers, and now you can see that almost all of them are on the same footing.

You will still see some performance difference in them because every gold ETF holds a small sum of liquid investments other than gold, and that makes a small difference on their returns.

In this post I will look at the performance, volumes, and expense ratios of all the gold ETFs currently traded in India. I couldn’t find the expense ratios of some of these funds, and instead of waiting out I have published this post now, and will update it as and when I find the information.

First up, here are the names, NSE symbols, 1 year returns as on August 12 2011, and their turnover on the same day.

S.No. Name NSE Ticker 1 Year Return as on Aug 12 2011 Turnover in Lacs as on Aug 12 2011
1 Quantum QGOLDHALF 41.07 37.11
2 UTI GOLDSHARE 40.84 341.83
3 SBI SBIGETS 41.26 397.37
4 Axis AXISGOLD 15.24
5 HDFC HDFCMFGETF 288.75
6 Relianace RELGOLD 41.08 440.82
7 Religare RELIGAREGO 41.95 9.9
8 Benchmark GOLDBEES 40.19 5,490.42
9 ICICI Prudential IPGETF 14.17
10 Kotak KOTAKGOLD 40.43 1,042.38
11 Birla Sunlife BSLGOLDETF 1.64

Regular readers know that every gold ETF in India holds physical gold equivalent to the number of units that are issued in the market, and their price is thus dictated by the price movements of gold.

Since all these ETFs have the same underlying asset, the price movement is also quite similar.

Here is a chart that gives you a better visual of the performance in the last 1 year. Some of these funds are less than a year old, and that’s why you don’t see any corresponding data against their names.

Gold ETF Returns for 365 Day Period Ending Aug 12 2011
Gold ETF Returns for 365 Day Period Ending Aug 12 2011

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