Gold ETFs offered up to 31% returns since last Akshaya Tritiya. Did they add shine to your portfolio?
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Gold ETFs since the last Akshaya Tritiya have offered up to 31% return and have delivered an average return of 29.92%, an analysis by ETMutualFunds showed. There were around 16 ETFs based on the gold commodity that marked their presence in the said period.Around four ETFs gave over 30% return since the last Akshaya Tritiya, which was celebrated on May 10, 2024. UTI Gold ETF gave the highest return of around 30.95% since the last Akshaya Tritiya.Also Read | Akshaya Tritiya: How gold ETFs performed in last 10 calendar years LIC MF Gold ETF offered a return of 30.34% since May 10, 2024, followed by Axis Gold ETF and HDFC Gold ETF. Axis Gold ETF and HDFC Gold ETF gave 30.25% and 30.05% returns, respectively, since the last Akshaya Tritiya.Invesco India Gold ETF and ICICI Pru Gold ETF gave 29.99% and 29.93% returns, respectively, in the same time period.Aditya Birla SL Gold ETF, which gave 29.86% since the last Akshaya Tritiya, was followed by Zerodha Gold ETF, which gave 29.83% return in the same period.Kotak Gold ETF and Mirae Asset Gold ETF gave 29.81% return each in the same period. SBI Gold ETF and Baroda BNP Paribas Gold ETF gave 29.70% return each in the mentioned period.DSP Gold ETF, Tata Gold ETF, and Edelweiss Gold ETF gave 29.68%, 29.65%, and 29.60% returns, respectively, since the last Akshaya Tritiya.Also Read | Gold & mutual funds: Which one is right for your portfolio now? Nippon India ETF Gold BeES, the last gold ETF based on assets managed, gave a 29.56% return since the last Akshaya Tritiya.We considered all gold ETFs that have marked their presence in the same period. We calculated the performance of these gold ETFs since May 10, 2024.Note, the above exercise is not a recommendation. The exercise was done to evaluate the performance of gold ETFs since the last Akshaya Tritiya in 2024.One should not make investment or redemption decisions based on the above exercise. One should always consider risk appetite, investment horizon, and goals before making an investment decision.
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