Sighting incoming recession, I want to put my money in Gold ETF. Can someone suggest best Gold ETFs to invest in?
When I started exploring Gold ETFs in India, I realised that not all funds perform the same way, even though they all track gold prices. The best fund depends on your goals.
These funds basically mirror the price of physical gold. You buy units on the stock exchange, and each unit usually equals 1 gram of pure gold. The beauty of this option is that you avoid storage hassles while still owning gold in a digital form. These are easy to buy or sell.
After trying and comparing several options, these are the few options I feel are the best in my opinion:
- Nippon India ETF: This fund tracks the price of physical gold. It is one of the most popular options for its transparency and efficiency.
- Kotak Gold ETF: This fund aims to closely track the returns of the Indian gold market, which makes it an ideal choice for consistent long-term exposure.
- SBI Gold ETF: Introduced in 2009, it offers a cost-effective entry into the global gold ETF market.
- UTI Gold ETF: This fund effectively replicates domestic gold prices and offers stable and transparent returns.
- HDFC Gold ETF: Since 2010, it has given investors a reliable way to invest in gold without the hassle of physically owning it.
If you are new to ETFs, start small. Test one or two funds and track them for a few months. You’ll quickly learn which aligns best with your financial goals.
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