Gold has always been a preferred investment option for Indians. It acts as a refuge during market volatility and a hedge against inflation. In 2024, Gold Exchange Traded Funds (ETFs) are among the most sought-after investments by individuals who want to diversify their portfolios with minimum risk.
Investors and traders can invest in gold through ETFs without having to physically own it. Discover the best Gold ETFs in India for 2024 based on their 5-year CAGR and market performance.
IDBI Gold ETF is one of the best gold ETFs that has performed really well in the ETF category. The 5-year CAGR IDBI Gold ETF is 13.09%, making it popular among traders and investors. Though it has a smaller market cap, its consistent returns make it a solid choice for those looking to ride the gold wave in 2024.
At a 5-year CAGR of 13.84%, the Kotak Gold ETF is also among the best-performing funds. It has one of the highest market caps in this category, which translates into high liquidity and stability.
Kotak Gold ETF is one of the best gold ETFs if you are looking for a good trade-off between returns and liquidity. You might want to pick this up if you’re new to gold ETFs or wondering how to do online trading.
ABSL Gold ETF provides a 5-year CAGR of 13.76%, which is a good fit for gold investors. Even though it has a small AUM, the 1-year return is high at 10.60%, indicating good performance over the short and long term.
SBI-ETF Gold is a good option for long-term growth in gold. It is among the best-performing gold ETFs with an AUM of ₹2,644.09 crore and a 5-year CAGR return of 13.76%. The fund's goal is to invest in actual gold in order to generate returns that closely match the returns offered by the price of gold.
Invesco India Gold ETF is for investors who want to get high returns by making a small-cap investment. With lower AUM, it has provided a good CAGR of 13.70% in the last five years, and that’s why it is another best gold ETF for 2024.
To invest in these gold ETFs, you will have to open a demat account. If you are wondering how to open demat account, you can do it through a reliable stockbroker. Once your demat account is active, you can buy or sell ETFs via online trading platforms.
You must also know how to do online trading to make the most of your gold ETF investments. You can easily trade in the gold ETF market through stock market apps or websites. The procedure is similar to buying and selling shares, thus easy for investors who are familiar with the stock trading system.
These ETFs offer a mix of high returns and liquidity, making them the best gold ETFs to consider in 2024. Whether you are a seasoned investor or just learning how to open demat account, these ETFs provide a secure and efficient way to invest in gold. Open a free demat account with Almondz Trade to invest in the best gold ETFs.
To avail lucrative returns on your investments,
Almondz
Learn To Earn
Learn from our knowledge center curated by our experts, which will help you take informed decisions about your investments.
Knowledge Center
