Many ways to save their earnings are present in the market. Some earn profits by investing in mutual funds, and someone invests in stock. But today we are going to tell you about some such gold ETF, which changed the monthly investment of Rs 10,000 of investors to Rs 10 lakh.
According to the ET report, there are some gold ETFs in the market, which in the last 5 years changed the investment of 10 thousand monthly SIP i.e. 6 lakh rupees to Rs 10 lakh. If someone had invested 6 lakh rupees in these ETF in July 2020, then his investment would have been about 10 lakh rupees today. These ETFs have given a fantastic XIRR to investors.
Top Gold ETF and their return
The first place in this list has been achieved by LIC MF Gold ETF. The scheme converted an investment of Rs 6 lakh to Rs 9.93 lakh, with XIRR (Expended Internal Rate of Return) of 20.93%. Just behind this was UTI Gold ETF, which gave a return of Rs 9.92 lakh and achieved XIRR of 20.87%.
Invesco India Gold ETF also gave a brilliant performance of Rs 9.91 lakh and has given XIRR of 20.83%. At the same time, Axis Gold ETF and ICICI PRDENIL GOLD ETF have also achieved 20.79% and 20.77% XIRR with a return of around Rs 9.90 lakh.
Other Gold ETF performance
Many other gold ETFs have also given impressive returns to investors. Aditya Birla Sl Gold ETF, HDFC Gold ETF, and Kotak Gold ETF gave around Rs 9.88 lakh, whose XIRR has been between 20.70% to 20.71%.
SBI Gold ETF has secured a return of Rs 9.86 lakh and XIRR of 20.59%. Quantum Gold Fund ETF gave a return of Rs 9.84 lakh. Whereas, Nippon India ETF Gold Bees recorded a return of Rs 9.83 lakh and XIRR of 20.50%. The special thing is that Nippon India ETF Gold Bees is the largest gold ETF in the country, which is an AUM (asset under management) of Rs 20,836 crore by May 2025.
Why is investment in gold ETF beneficial?
Gold ETF is an attractive and safe option for investors who want to protect their investment from the influence of inflation. These funds have become a reliable category of mutual funds due to low cost, easy trading and high transparency. Especially at a time when equity and bond markets are seen fluctuations, gold ETF provides a great opportunity for stability and development.
Source: www.tv9hindi.com
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