Best gold mutual funds to invest in this Akshaya Tritiya

Best gold mutual funds to invest in this Akshaya Tritiya

by 5paisa Research Team Last Updated: 2022-05-03T12:38:06+05:30

Gold is a lot in demand during festivals and Akshaya Tritiya is one such occasion. In this article, we have listed the best gold funds that you can consider investing in.

As you all know, we as Indians are quite fond of gold. Although, we purchase gold throughout the year, there are few occasions such as Dussehra, Diwali and Akshaya Tritiya. Gold is considered a safe haven and people trust gold more than any investment as they believe at the time of emergency, gold is something that helps. However, in recent times things are changing and people are also exploring other investment options.

Historical performance of gold

The compounded annual growth rate (CAGR) generated by gold over 58 years is around 12%, while its median five-year rolling returns stood at 8.5%. This shows that gold is a good hedge against inflation, but as an individual investment fails to create wealth.

Having said that, gold should be part of your core portfolio as it helps you protect yourself during uncertain times. Therefore, it is recommended to have gold in your portfolio. However, it should not form more than 5% to 10% of your core portfolio. In the case of a satellite portfolio investing in gold should be done tactically. 

Nothing better than gold mutual funds for having exposure to gold. Investing in gold physically is not recommended unless you are buying it in the form of jewellery for personal consumption. Investing in gold digitally via mutual funds provide good flexibility and helps you invest directly in the spot market. In this article, we have listed the best gold mutual funds worth considering. 

Trailing Returns (%) 

1-Year 

3-Year 

5-Year 

10-Year 

Axis Gold Fund 

9.85 

16.78 

10.79 

3.84 

SBI Gold Fund 

9.94 

16.60 

11.05 

4.45 

Invesco India Gold Fund 

9.92 

16.33 

10.43 

4.49 

HDFC Gold Fund 

9.62 

16.31 

10.92 

4.53 

Quantum Gold Saving Fund 

9.70 

16.30 

10.85 

4.55 


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