Gold has a special place in Indian culture. From weddings to festivals, gold has been a symbol of prosperity and auspiciousness for Indians. This is the reason why India is one of the largest gold importing countries for many years in the world. With changing times, the ways of investing in gold have also changed. Now people are not limited to just physical gold – jewelry or coins, but new options like digital gold, gold bonds, gold mutual funds and gold ETFs (Exchange Traded Funds) have become popular. Gold ETFs are now seen as an easy and safe way to invest in gold.
Gold ETFs trade on stock exchanges and can be bought and sold continuously at market prices. Gold ETFs are passive investment instruments linked to current physical gold prices and invest in gold bullion.
AMFI data showed gold ETFs registered the highest monthly inflow of Rs 3,751 crore in January against Rs 640 crore in December, a 6-fold rise. These ETFs have given up to 39% returns in the last one year and around 18% annualised returns in 3 years amidst surging gold prices. Gold prices have surged by over 38% in the last one year and nearly 88% in the last 3 years.
In this write-up, we will take a look at the list of top 10 gold ETFs based on their AUM (assets under management) as on January 31, 2025.
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Following are the top 10 gold ETFs:
1. Nippon India ETF Gold BeES (AUM: Rs 16,976 crore)
2. HDFC Gold ETF (AUM: Rs 8,020 crore)
3. ICICI Prudential Gold ETF (AUM: Rs 6,993 crore)
4. Kotak Gold ETF (AUM: 6,654 crore)
5. SBI Gold ETF (AUM: 6,573 crore)
6. UTI Gold ETF (AUM: Rs 1,599 crore)
7. Axis Gold ETF (AUM: Rs 1,304 crore)
8. ABSL Gold ETF (AUM: Rs 1,023 crore)
9. DSP Gold ETF (AUM: Rs 722 crore)
10. Mirae Asset Gold ETF (AUM: Rs 521 crore)
(Data source: Value Research)
Gold Mutual Funds vs Gold ETFs – What is the difference?
Gold mutual funds are managed by mutual fund companies and they invest in gold ETFs.
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