Gold ETF: Gold prices have reached unprecedented levels in the domestic market, resulting in substantial returns for investors. Notably, both physical gold and digital gold schemes, including gold exchange-traded funds (ETFs), are yielding impressive returns.
Over the past five years, various gold ETFs have generated returns amounting to Rs. 9 lakh from a systematic investment plan (SIP) of Rs. 10,000. Meruka ET Mutual Funds has compiled a list highlighting these schemes. Prominent mutual funds such as SBI, LIC, and HDFC have demonstrated significant returns on their gold ETFs during this period.
The LIC Mutual Funds Gold ETF has notably achieved a five-year XIRR of 17.71 percent, translating to an annual return of 17.71 percent on SIP investments. Investors who contributed Rs. 10,000 monthly to this scheme have accumulated Rs. 9.28 lakhs over five years, with a total investment of Rs. 6 lakhs, resulting in an interest gain of Rs. 3.28 lakhs. Following closely is the UTI Gold ETF, which has delivered an annual SIP return of 17.54 percent, allowing investors to grow their Rs. 10,000 monthly contributions to Rs. 9.24 lakhs over the same period.
Now, let us examine the list of the top 5 schemes:
1. LIC Mutual Fund Gold ETF has transformed a SIP investment of Rs. 10,000 into Rs. 9.28 lakh with an annual return of 17.71 percent.
2. UTI Gold ETF has achieved an XIRR of 17.54%, converting a SIP of Rs. 10,000 into Rs. 9.24 lakh in five years.
3. Invesco India Gold ETF Scheme has provided a return of 17.43%, turning a SIP investment of Rs. 10,000 into Rs. 9.22 lakh over five years.
4. HDFC Gold ETF has recorded an annual return of 17.41 percent, with a SIP of Rs. 10,000 growing to Rs. 9.21 lakhs in five years.
5. Axis Gold ETF scheme has increased a SIP investment of Rs. 10,000 to Rs. 9.19 lakh over the last five years, yielding an average annual return of 17.29 percent.
Disclaimer: This is general information based on available online sources. Please verify before making any transactions. Times Bull is not responsible for any financial investments made, as it is entirely your responsibility. For better results, please consult a financial advisor.