With the government in India plunging into a minority it can be easily seen why Gold reached all new heights? With the festival season coming up Gold can be expected to scale new heights in the coming months. So why wait, grab a part of the Gold pie today.
Here is the list of Gold ETF's present in the market
UTI gold fund (Goldshare)
Quantam gold fund
SBI gold fund
Kotak gold fund
Reliance Gold ETF
Almost all of these are available in the form of ETF's (exchange traded funds). i.e. you can invest in these as if these were normal shares. So if you have a demat account you can invest in these shares.
The next question that comes to mind is which one of these shares is the best to invest in when there are so many options. Lets analyse these shares and then decide on the best ETF.
First lets look at the volumes. This is an indicator of the stability of the stock. The volumes of GoldBees is almost 60% of the total gold shares in India. The main reason for this is GoldBees was the first gold ETF to be ever introduced in India. It was recently acquired by Goldman Sachs.
The other criteria to consider is the expenses that is incurred in the maintenance of the Gold ETF. If you check this also Gold bees scores above the rest. Gold bees maintenance cost is 1% while the close second is Quantum gold ETF with 1.25%. This eats into the profits so this also should be considered while selecting a Gold ETF.
Leaving all the statistics aside, finally what matters is the difference in the performance of Gold ETF over a period of time. If you look at this as well the performance of GoldBees is the best followed by kotak gold ETF.
Overall GoldBees by far looks the best Gold ETF at present. Kotak, Quantam and SBI look promising. What is your opinion. Any other factors that you would like to discuss while choosing Gold ETF's?
Types of investment in Gold
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