Gold ETFs offered up to 31% returns since last Akshaya Tritiya. Did they add shine to your portfolio?
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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
9 hours ago
- India.com
World's Richest Village In India: Millionaire In Every Family And Over Rs 5,000 Crore In Banks Including SBI; 1,200 Families Live Abroad — What Makes THIS Village So Wealthy?
photoDetails english World's Richest Village In India: Madhapar, a village in Gujarat's Kachchh district, lies about 200 kilometers from Porbandar, the birthplace of Mahatma Gandhi. Home to nearly 32,000 people, mostly from the Patel community, it owes much of its prosperity to their hard work and enterprise. The village houses has many facilities like schools, colleges, lakes, greenery, dams, health centers, and temples. Today. this village falls under some of the richest villages in the world and is a home to many families, a shining example of the community's success and resilience. Updated:Aug 12, 2025, 06:56 PM IST World's Richest Village In India 1 / 8 Madhapar in Kachchh, Gujarat, is widely regarded as Asia's richest village and one of the wealthiest rural settlements in the world. Its economy, driven by NRI remittances and agriculture, is so robust that it rivals the GDP of many mid-sized Indian cities. (Image Credit: Representative Image) World's Richest Village: Family Holds Over Rs 5,000 Crore 2 / 8 In Madhapar, every family enjoys financial security, with most households being either lakhpatis or crorepatis. Collectively, the village holds over Rs 5,000 crore in local bank deposits. This remarkable wealth has made Madhapar Gujarat a model of rural prosperity and a shining example for villages across India. (Image Credit: Representative Image) World's Richest Village Madhapar: 92,000 Residents And 7,600 Households 3 / 8 Despite having around 92,000 residents and 7,600 households, Madhapar retains a strong sense of unity and cultural identity. This balance between population size and community spirit is one of the key reasons it is celebrated as India's richest village in terms of per-household wealth. (Image Credit: Representative Image) World's Richest Village: What Makes Madhapar So Wealthy ? 4 / 8 A major factor behind Madhapar's success is its Non-Resident Indian (NRI) community. Around 1,200 families live abroad, primarily in African nations, and send crores annually to local banks and post offices. These steady NRI remittances play a vital role in sustaining the village's economic growth. (Image Credit: Representative Image) World's Richest Village: Residents Live In US, UK, Canada 5 / 8 Nearly 65% of Madhapar's residents live overseas in countries like the US, UK, Canada, Australia, and New Zealand. These global connections ensure a constant flow of funds and investments, helping Madhapar maintain its position as Asia's richest village and a financial powerhouse in rural Gujarat. (Image Credit: Representatvie Image) World's Richest Village Madhapar: 17 Major Banks Including SBI 6 / 8 Madhapar has evolved into a banking hub, with 17 major institutions including SBI, HDFC, ICICI, and Axis Bank operating here. The village's high deposit volumes have even encouraged more banks to plan branches, showcasing its importance in India's rural financial network. (Image Credit: Representatvie Image) World's Richest Village: Agriculture Adding to Prosperity 7 / 8 While NRI funding is crucial, agriculture remains an important part of Madhapar's economy. The village is known for producing mangoes, sugarcane, and corn, which are sold locally and in other markets. This agricultural success adds another layer to Madhapar Gujarat's economic stability. (Image Credit: Representatvie Image) World's Richest Village: NRIs Play Crucial Role 8 / 8 The village is established in London in 1968, the Madhapar Village Association connects residents with their overseas community. By organizing events, supporting development projects, and preserving traditions, it ensures that Madhapar's NRIs remain emotionally and financially invested in their hometown's future prosperity. (Image Credit: Social Media)
Indian Express
3 days ago
- Indian Express
iPhone 16 Pro gets huge markdown of 15%, now available for Rs 1,00,900
The iPhone 16 Pro just got a significant price drop, and if you were eyeing it, this might be the right time. Vijay Sales has rolled out offers on iPhone that are a little easier on the wallet. But when stacked with other offers like bank discounts, it seems like an even greater bargain. Here is everything you need to know about the offer. iPhone 16 Pro is now available for sale at Vijay Sales for Rs 104,900, which was initially launched at Rs 119,900. That is a discount of Rs 15,000 on the original price of the iPhone. If the user pays with an HDFC credit card or debit card and avail an EMI, they will be offered an additional discount of Rs 4,500. Thus, the phone will get a total discount of 15 per cent and can be purchased at Rs 100,900. The iPhone 16 Pro comes with a 6.3-inch Super Retina XDR OLED display with ProMotion technology and a 120 Hz refresh rate. Under the hood, Apple's Pro series is offered with the A18 Pro chip that delivers faster performance, improved energy efficiency, better battery life, and enables Apple Intelligence and AAA gaming. The iPhone 16 Pro features a triple camera setup with a 48 MP primary wide-angle lens (2nd generation quad-pixel sensor) along with a new 48 MP ultra-wide-angle lens and a 12 MP telephoto lens with 5x optical zoom, and these are also the first set of iPhones that support 4K video recording with up to 120 fps. Moreover, the iPhone 16 series was the first to get a new camera shutter button called Camera Control, which controls the shutter button and the optical zoom. Not to mention that the iPhone 17 series is just around the corner and reportedly set for either Monday, September 8, 2025, or Wednesday, September 10, 2025. And the upcoming Pro series has significant changes, with a rectangular camera island with three sensors and a flash at the back that extends from end to end.
Economic Times
4 days ago
- Economic Times
Raksha Bandhan: Could a mutual fund SIP gift today secure your sibling's future?
Synopsis This Raksha Bandhan, consider gifting a Systematic Investment Plan. A SIP can help siblings build wealth over time. Experts suggest a monthly investment in Nifty 50 Index can yield substantial returns. Linking the SIP to a specific goal makes it more meaningful. Remember to consider tax implications while gifting. Choose funds based on risk appetite and investment horizon. This Raksha Bandhan, consider gifting a mutual fund SIP to secure your sibling's financial future. Raksha Bandhan is a time-honoured tradition celebrating the bond between brothers and sisters. While sweets, clothes, or gadgets are the usual go-to gifts, a new idea can be gifting investments. Among them, a mutual fund Systematic Investment Plan (SIP) can be one of the options to secure your sibling's future. A mutual fund SIP allows you to invest a fixed amount regularly in a chosen fund, making it a disciplined and convenient way to create wealth over time. Starting a SIP today for your sibling — even with a modest amount — can grow into a significant corpus over the next 10–15 years thanks to the power of compounding. An expert shares that a monthly SIP of Rs 10,000 into Nifty50 index since the last 10 years would have built a corpus of Rs 25.5 lakh. Also Read | Over 50 mutual fund SIPs give negative returns in 1 year. Should you pause, redeem, or continue? Rs 10,000 SIP into Nifty 50 Index every month since last 10 years would have built a corpus of Rs 25.5 lakh, similar SIP in the last 5 years would have built a corpus of over Rs 8.5 lakh and 3 years ago would have built Rs 4.37 lakhs. This is the power of compounding,' Shaily Gang, Head-Products, Tata Asset Management shared with ETMutualFunds. One of the best ways to make this gesture meaningful is to link it to a specific financial goal. Whether it's funding higher education, a dream trip, wedding expenses, or even a house down payment. A goal-based SIP keeps the investment purposeful and motivates the recipient to continue it. The expert while attributing it to a report said that In India, 30% of personal loan borrowers in the first half of 2025 used the funds for travel and this is a growing trend of Indians using personal loans to fund vacations so why pay interest for a personal goal which can be well achieved with proper planning through the last 5 years Nifty 50 has yielded close to 14% CAGR and in the last 3 years it has yielded around 13% CAGR. In the last 25 years Nifty 50 has yielded around 14% CAGR on SIP investment. Thus for SIP in equities suit medium to long term goal accomplishment,' Gang said. When gifting a SIP, there are a few tax rules you should be aware of. The expert explains that the receiver of the Gift would be taxed on Capital Gains like how the person would have invested in his / her own name. There is a wide range of options available to invest in mutual funds. But the choice of mutual fund depends on your sibling's investment horizon, risk appetite, and goals. According to Gang, in an index fund portfolio, the index applies 2 -3 rules to a pre-defined universe for stock selection and weight allocation. Also Read | Quant Small Cap Fund hikes stake in Jio Financial Services in July She further explains that in an active portfolio, the basis of fund manager's decisions is the ground-up criteria and it may be different for different stocks. Just like an investor would want to diversify amongst two funds i.e. basically judgement of two fund managers, it would be a good idea to diversify amongst active investing approach and passive investing recommends that a beginner can have exposure towards flexicap active funds, broad market cap based indices like Nifty 50 / Nifty 500 and Gold ETFs. There are many basic industries unique to the midcap and smallcap segment while higher liquidity offered by largecaps tends to limit the adverse impact of bear market phases. 'Sectors in each market cap segment could either offer Value or reflect growth at any given point in time. If the investor is unable to decide on reallocating to various fund categories at any point in time, in order to arrive at the apt allocation to market cap segments based on valuation, best would be to invest into active Flexicap funds and Multicap funds. Largecap space can be covered via Index funds.'A regular investor, the expert recommends that they can add sector funds to their portfolio. The idea of sector funds is also to bring out a unique portfolio, offering exposures to certain micro areas of the market, thus having higher sector oriented risk or systematic risk apart from general equity market risk. 'Also, the presence of these sub-segments in diversified funds is to a small extent. Regular investors can look at splitting across Sector Active funds and Passive funds. (Source: internal calculations),' she material gifts that lose value over time, a SIP gift grows in value and can become a lifelong reminder of your Raksha Bandhan, you could go beyond traditional gifts and give your sibling the gift of financial security. A mutual fund SIP is not just an investment in money — it's an investment in dreams, milestones, and a stronger future.
