While the Indian obsession for gold might be more seasonal, the prices of Gold have only been going up to a point where gold sits at a historic high. This along with macro-economic factors has pushed gold prices up in the past few months.
It’s no surprise that gold is back into consideration from an investment perspective and so are gold mutual funds. With prices speculated to go up even further by the year end, gold funds via a systematic investment plan, or SIP, could make the perfect diversified portfolio. But before you decide on which fund, it’s best to analyse the funds on offer from various quantitative and qualitative parameters. And it’s best to keep your financial goals along with risk appetite in mind. While analysing, check the funds on offer and their past performance over the years.
Always look for the return of the fund, e.g., the fund above and a few other funds listed on Freehcharge that have done exceedingly well historically, over the tenure you are considering to invest in and the risk factor. Remember, the higher the risk, higher the return may not always apply. So it always helps to check the rating(s) of the funds you’re thinking of investing in, and do make sure Gold based funds are only a part of your portfolio and not your entire portfolio. Here are some Gold based funds you can consider investing in:
|Fund Name||1 year returns|
|Kotak Gold Fund – Growth||24.34%|
|Axis Gold Fund – Growth||22.03%|
|ICICI Prudential Gold Savings Fund – Growth||21.35%|
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*Mutual fund investments are subject to market risks, read all scheme related documents carefully. The funds mentioned above are not to be viewed as recommendations. You may chose funds according to your investment needs.