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
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: 11.64
Return 1 year: 12.72
Return 3 years: 17.10
ICICI Pru Regular Gold Savings (FOF) Direct-G
NAV: 17.65
Return 1 month: 1.37
Return 3 month: 10.23
Return 6 month: 11.33
Return 1 year: 13.18
Return 3 years: 17.10
Invesco India Gold Direct-G
NAV: 16.25
Return 1 month: 0.69
Return 3 month: 10.82
Return 6 month: 11.77
Return 1 year: 12.06
Return 3 years: 18.13
SBI Gold Direct-G
NAV: 16.78
Return 1 month: 1.70
Return 3 month: 10.29
Return 6 month: 11.59
Return 1 year: 13.02
Return 3 years: 17.81
IDBI Gold Direct-G
NAV: 14.98
Return 1 month: 1.57
Return 3 month: 10.23
Return 6 month: 11.92
Return 1 year: 14.47
Return 3 years: 17.15
Gold mutual funds are an ideal investment to diversify the portfolio. The gold market is subject to speculation and volatility as are other markets
