Gold BeEs : 2007
UTI Gold ETF: April 2007
Kotak Gold ETF : July 2007
Relianc Gold ETF : November 2007
Quantum Gold ETF : February 2008
SBI gold ETF : May 2009
Religare Gold ETF: March 2010
HDFC Gold ETF : July 2010
ICICI Gold ETF : August 2010
AXIS Gold ETF : November 2010
Birla Sunlife Gold ETF : May 2011
How you should look at them?
Look at the Expense Ratio, Track record and Asset allocation into Gold and cash or money market instruments, lastly the levels of service efficiency. in indian context, almost all the Gold ETFs generated similar kind of returns, so the differentiator is the service level.
Reliance Gold Savings Fund (RGSF) was the first of the lot among the MF schemes soliciting money from investors much like any other MF scheme and then invests the proceeds into gold ETFs
Many Gold themes are also available:
Fidelity India Children's Plan brought clearly demarcated gold asset allocation in a segmented category:
- Education, Marriage and Savings Funds
- Allocation to Gold ETF in Marriage Fund aims to protect against rise in gold prices
The asset allocation of Canara Robeco InDiGo (INcome from Debt Instruments and GOld) Fund provides for investment in debt instruments and gold only.Religare MIP Plus Fund will invest a minimum 65% of the assets in fixed income and money market instruments. A minimum of 10% and a maximum of 35% of money can be invested in units of gold ETF. The fund manager has the option to invest up to 25% of the money in equity and equity-related assets.
Taurus Monthly Income Advantage also offered some thing similar to Religare.
Even the Kanchipuram Sarees are undergoing change in specification.
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