Gold ETFs list – Gold ETF funds list in India

Indian Mutual fund market has seen a rapid growth over last decade. A number of fund houses started launching different schemes suitable to different classes of investors. Historically gold has been popular in India for holding it in the form of jewellery. But over the years there has been a lot of awareness in the general public over gold as a financial asset. The retail investors have started investing in gold online rather than holding it in physical form.

The below are the list of gold ETFs available in India at the moment. There are over 30 mutual fund companies present in India and so far 10 mutual fund houses have come up with gold ETFs. As the investment awareness is rapidly increasing in the middle class families, there is a tremendous potential in gold investment in the form of ETFs in India.

HDFC Gold Exchange Traded Fund
ICICI Prudential Gold Exchange Traded Fund
KOTAK GOLD ETF
Quantum Gold Fund (an ETF)
Reliance Gold Exchange Traded Fund-Dividend Payout Option
Religare Gold Exchange Traded Fund
SBI GOLD EXCHANGE TRADED SCHEME
UTI GOLD Exchange Traded Fund
Gold Benchmark Exchange Traded Scheme (Gold BeES)
Axis Gold ETF
Birla Sun Life Gold Exchange Traded Fund

Please find below the table with the listing dates of all gold ETF funds. The oldest gold ETF comes first in the order.

Gold ETF Fund Launch Date
Gold BeES March 2007
UTI Gold ETF April 2007
Kotak Gold ETF July 2007
Reliance 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 Sun Life Gold ETF May 2011
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  1. Best way to Invest in Gold – Gold ETFs

{ 38 comments… read them below or add one }

BHAVESH November 11, 2010 at 2:44 pm

I would like to know the mathods adopted for pricing of the units & the promoters and Managers of Gold Benchmark Exchange Traded Scheme (Gold BeES), as i am not getting these details on BSE website.

Regards

Reply

Ramesh kanna kpr April 17, 2011 at 7:20 am

I wish to know the full details about Gold Exchange Traded Fund

Reply

Sathish Emmadi April 17, 2011 at 8:06 am

Hi Bhavesh/Ramesh,

The below article gives full details on working of gold ETFs.

http://www.goldetf-funds.com/how-gold-etfs-work-creation-units-and-gold-etf-units

Reply

Ram September 12, 2011 at 7:13 am

I wish to take the advantage of increasing gold price by investing into the ETF/Funds. I recently came to known that ETF cannot be purchased at any mutual fund office but has to be bought thr’ stocks. One MF office offered me an option of gold funds saying that with that you dont have to pay any extra fee (for example, for demat account in case of ETF), but the returns are the same. But when I looked at the returns of gold funds (under funds of funds) they are very low (max. 24%) as compared to ETF (47% !!) for last one year. What should do in such case?

Reply

Sathish Emmadi September 20, 2011 at 5:09 pm

The reasons might be

1) If you had looked at a gold savings fund which hasn’t completed an year, the figure is projected one.
2) Though there are no demat charges in gold savings funds, they charge a fee to the scheme apart from the underlying ETF fees.

Reply

prasanna kumar November 25, 2011 at 3:31 am

i want to invest on Gold ETF please suggest the best i have a Stock Holding Demat a/c

Reply

Sathish Emmadi December 3, 2011 at 2:54 pm

Hi Prasanna,

Please refer to the below post.

http://www.goldetf-funds.com/best-gold-etf-in-india

Reply

Milind December 6, 2011 at 11:03 am

Hi

If I purchase physical gold in any form I pay making charges for it. Smaller the size of Gold, more per unit the cost.

Gold ETF would have exchange fees, and fund expenses.

If I have no problem to store gold, which of the above is cheaper in cost per gm of gold – physical gold or gold ETF?

Reply

Sathish Emmadi December 6, 2011 at 1:54 pm

Hi Milind,

Assuming you don’t put your gold in lockers (which add extra cost).
Since a retail investor buys in small quantities, pure gold bars are costlier when compared to the cost that a gold ETF fund pays. Would it be easier for you to convert it into cash in your local market at a price nearer to the bullion market one? If so, you can go ahead with physical gold.

Reply

parag January 16, 2012 at 4:40 am

Can loans be taken against GOLD ETF or GOLD FUNDS

Reply

Sathish Emmadi January 16, 2012 at 3:06 pm

I don’t think it is possible. However, you can use it as collateral to buy other stocks.

Reply

joseph January 16, 2012 at 11:44 pm

Hi Sathish,
I want to invets in gold ETF, but i am very new for share market ( i dont know much about ).
all i know is gold rate is incesing and i want to make most of it.
can you please help me, i liked your adivces in the site.

Regards
Joe

Reply

Sathish Emmadi January 17, 2012 at 2:46 pm

Hi Joseph,

You need to have a demat account, first. Which country/city do you live in?

Reply

Mann January 24, 2012 at 5:26 pm

I booked 200 units of QGOLDHALF in NSE from india info line account. I placed a after hours order.

1. Will i get the units and are these same of quantum etf you explained?
2. I invested 1319.05* 200, what will be the fee i pay to india info line and any other tax , fees etc??
3. I am thinking of a long term invistment ,what period u think will be good, just your advise..

All thse questions as i am first time buyer and all knowledge is just based on your articles.

Reply

Sathish Emmadi January 24, 2012 at 6:16 pm

Hi Mann,

Nice to know that you follow my articles regularly.

1.If it is a market order, it will get traded. Yes, QGOLDHALF is Quantum Gold ETF unit.
2. The brokerage percentage is same as that you pay for any stock i.e. your agreement with India Infoline. It usually varies between 0.25% to 0.6% per one leg (buy or sell).
3. Nobody can predict stock markets/commodity markets accurately. Strategies vary from person to person.

Reply

Mann January 24, 2012 at 10:10 pm

Thank you. will bother you again if any question.

Reply

Sathish Emmadi January 26, 2012 at 9:13 am

Hi Mann, You are welcome :-)

Reply

vijay puli January 30, 2012 at 11:56 am

Hi There,

I would like to open account of SBI gold ETF.
What is procedure and requirement?

regards
Vijay Puli

Reply

sivaprasad January 30, 2012 at 6:02 pm

I have a demat account with IIFL.I want to but gold etfs with GOLDBEES.As far as i know if i buy GOLDETFs of 10 units,Once i exit from GOLDBEES i will get physical gold of 10gms.But how i can receive physical gold,as i have brought through demat account.Please help me in this regard.

Reply

Sathish Emmadi January 31, 2012 at 2:25 pm

Hi Siva Prasad,

You can’t get physical gold by investing in Gold ETFs. The facility is not available for retail investors. You can only sell them at market price whenever you want.

E Gold has that physical delivery facility but it requires a different account. Conventional demats don’t work for it.

Reply

sivaprasad February 1, 2012 at 8:51 am

Thanks Sathish for your response.Can you please provide some information on E Gold or please share the websites which explains about E Gold and what account it needs.
Thanks in Advance.

Reply

sivaprasad February 1, 2012 at 5:31 pm

Hi Satish,

I went through National Spot Exchange site to know more on E Gold.I see some margin parameters listed(Initial,Delivery,Special).Are these the entry charges to place an order? Is fineness 99.5% purity?Can you please suggest which one is better.Gold-ETFs or Spot Exchange

Reply

Sathish Emmadi February 6, 2012 at 11:29 am

Hi Siva Prasad,

I was on vacation and couldn’t reply earlier.

I myself don’t have an account with the NSEL authorized broker. Will take one in near future.What I read when it was launched is the physical delivery is available only in 3 cities pviz. Delhi,Mumbai, Ahmedabad. So Please check before opening an account.As far as quality is concerned, it should be the best one.

Reply

sivaprasad February 9, 2012 at 12:08 pm

Right Sathish.I too came to know that we have only 3 places to convert E Gold to physical gold.

Sathish Emmadi January 31, 2012 at 2:26 pm

Hi Vijay,

If you open a demat account with any of the brokers, you will be able to buy SBI Gold ETF. Procedure for opening a demat account is detailed out in “How to Invest in Gold ETFs online” post.

Reply

Saurabh February 14, 2012 at 3:35 pm

Hi Satish,

Its nice to learn about your post.

I am planning for my sister’s and my marriage in near future. Probably in 2-4 years and want to purchase gold for the same. I can invest around Rs 5000/month.

What do you suggest I should do?

Thanks

Reply

santosh February 22, 2012 at 7:20 am

WHICH GOLD ETF BEST IN INDIA FOR INVESTING

Reply

ashwin jain March 3, 2012 at 1:17 pm

hi santosh,
Please follow the below link for your query:

http://www.goldetf-funds.com/best-gold-etf-in-india

Reply

jaiwardhan March 6, 2012 at 1:23 pm

hi satish, 1st time following ur post. One financial advisor suggested me to invest in gold in some plan of GTFS headquartered at kolkata. In the scheme he told me very lurative plans like physical gold will be given on surrender of the scheme . Please let me know the detailed pros and cons of the scheme if you could explain.

Reply

SATISH March 15, 2012 at 6:25 am

Hi

I am 24 and i want to invest 2000/month in any gold etf for long term.

I have already invested in birla policy and fd’s.

can plz suggest me any good buy for gold etf . or i should wait for market to get down and get the etf in lower price.

plz suggest me

Reply

RAJAN CRP April 24, 2012 at 9:15 am

I am new to share market. I don’t know anything about it. But i would like to invest in gold ETF. Suggest me a very good ETF fund in India which will yield very good returns for a period of 1 year

Reply

vksharma May 14, 2012 at 7:51 am

i wish to invest in gold etf how it works and what are the charges /amc of such a/c .when can i buy ..sell.. what are tax applicable

Reply

vksharma May 14, 2012 at 7:53 am

i wish to invest in gold etf what are bank charge.mnc how can i invest what are tax applicaple

Reply

Sathish Emmadi June 4, 2012 at 5:12 pm

Pls go through all the posts on this site, you will get all info about Gold ETFs

Reply

Sathish Emmadi June 4, 2012 at 5:12 pm

Hi Jayawardhan,

I don’t know about the scheme you mentioned about

Reply

Vinay Kumar June 11, 2012 at 7:58 am

Hi Sathish,

Recently,I bought physical gold(100g swastik bar) and some amount of silver through a broker following the prices displayed in svbcgold.com(for gold) and jatinjewellers.com(for silver).He is charging 500/- for bar if it is gold and 500/- per kg if it is silver, as brokerage charge.
So,to save those brokerage charges,I thought of going for gold etf and start trading on my own.For that I have recently opened a demat acc and trading acc.
Could you please suggest me which way is better to earn better profits,trading physical gold thru broker or trading thru goldetfs?

Thanks in Adv.

Reply

M.S.BAPNA June 20, 2012 at 2:46 am

I am new to share market. I don’t know anything about it. But i would like to invest in gold ETF. Suggest me a very good ETF fund in India which will yield very good returns for a period of 1 year

Reply

M.S.BAPNA June 20, 2012 at 2:48 am

ICICI Gold ETF

Reply

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