Gold mutual funds- a better way to invest in gold, check top-performing schemes

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KEY HIGHLIGHTS

  • Gold mutual funds are commodity mutual funds that invest directly or indirectly in gold.
  • Investors can invest in gold through exchange-traded funds (ETFs), buy gold miners and associated companies’ stock, and buy physical products.
  • Gold mutual funds are top-rated during political instability or when the stock markets are falling.

If you are looking for investment in mutual funds, Gold mutual fund schemes could be suitable for your portfolio. In the last year, gold has given a return of 10.34 per cent. On April 19, 2021, gold was trading at 1774.50 per oz, and the trading price on April 14, 2022, was 1963.25, thus giving a return of 10.34%.

Gold mutual funds are commodity mutual funds that invest directly or indirectly in gold. Investors can invest in gold through exchange-traded funds (ETFs), buy gold miners and associated companies’ stock, and buy physical products. Gold mutual funds are top-rated during political instability or when the stock markets are falling.

Here is the list of some good performing Gold Mutual Fund schemes:

Aditya Birla SL Gold Direct-G

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NAV: 16.7276

Return 1 month: -1.74

Return 3 month: 10.58

Return 6 month: 12.33

Return 1 year: 14.00

Return 3 years: 17.37

Kotak Gold Direct-G

NAV: 22.55

Return 1 month: 3.13

Return 3 month: 10.26

Return 6 month: 11.72

Return 1 year: 13.45

Return 3 years: 17.97

Axis Gold Direct-G

NAV: 17.48

Return 1 month: 1.51

Return 3 month: 10.50

Return 6 month: 11.74

Return 1 year: 13.04

Return 3 years: 17.77

Quantum Gold Savings Direct-G

NAV: 21.10

Return 1 month: 1.08

Return 3 month: 10.43

Return 6 month: 11.77

Return 1 year: 12.96

Return 3 years: 17.32

HDFC Gold Direct-G

NAV: 17.25

Return 1 month: 1.10

Return 3 month: 10.34

Return 6 month: 11.86

Return 1 year: 13.03

Return 3 years: 17.71

Nippon India Gold Savings Direct-G

NAV: 22.16

Return 1 month: 0.99

Return 3 month: 10.32

Return 6 month:…

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