Gold ETF Funds In India
January 16, 2012 | In: Investment
Gold ETF Funds in India has been gaining popularity ever since it was first launched in 2007. Since 2007, there has been several mutual funds launching it’s own gold ETF funds in India and all of them are seeing good buying interests as well. Historically, gold is something Indians have always been so very interested at. I personally believe that every middle class to rich class has gold in the form of investment in their homes. Even my family had invested into gold ages ago and if I remember correctly, some of the gold were bought when it was priced at 4000 rupees which is crazy as gold trades at 27000 today. Anyway my point is Indians have so always been interested in gold and that is pretty much the reason why gold ETF funds in India saw a huge buying interest among retailers and big fund houses too.
Gold ETFs have given a way for us Indians to buy gold or rather invest in gold directly online which assures you of safety as well as of purity. So I would prefer buying this paper gold rather physical gold if it is only meant for investing. Let me now tell you about different gold ETFs offered by mutual fund houses in India.
There are currently 11 gold ETF funds in India right now : -
- Gold BeEs – March 2007
- UTI Gold ETF – April 2007
- HDFC Gold ETF – July 2010
- ICICI Gold ETF – August 2010
- Axis Gold ETF – November 2010
- SBI Gold ETF – May 2009
- Reliance Gold ETF - November 2007
- Religare Gold ETF – March 2010
- Kotak Gold ETF – July 2007
- Quantum Gold ETF – February 2008
- Birla SL Gold ETF – May 2011
The above list contains all the current gold ETF funds in India that exist and also their listing dates. If you’re looking to compare all these gold ETFs, then refer to my article – Best Gold ETF in India.
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