Recommendations Is HDFC Gold ETF good investment?

Is HDFC Gold ETF good investment?

Is HDFC Gold ETF good investment?

Whereas, Category returns for the same time duration are: 12.02% (1yr), 16.71% (3yr) and 10.99% (5yr). 3. The HDFC Gold Exchange Traded Fund currently holds Assets under Management worth of Rs 3057.11 crore as on Feb 28, 2022. 4….Basic Details.

Fund House HDFC Mutual Fund
Risk Grade
Return Grade

What is HDFC Gold ETF Fund?

An open ended scheme replicating/tracking performance of Gold. The Fund aims to generate returns that are in line with the performance of Gold, subject to tracking errors. The Scheme may invest in Gold and Gold related instruments (including derivatives, Sovereign Gold Bonds, etc.

Is HDFC Gold ETF Safe?

Benefits of investing in Gold ETF Hedge against inflation: Gold is considered a safe investment because it can be used as a protection against currency fluctuation and inflation. Simple trading: You need to buy a minimum of 1 unit of gold – equal to 1 gram of gold – to start trading in gold ETFs.

Is Gold ETF taxable in India?

They offer a tax-friendly means to hold gold as the returns generated from Gold ETFs are subject to long-term capital gains tax. However, there will be no additional burden of sales tax, VAT, or wealth tax.

Which Gold ETF is best in India?

UTI Gold ETF, HDFC Gold ETF, ICICI Prudential Gold ETF, Kotak Gold ETF, and Axis Gold ETF, will offer the investors a 0.01 gram of gold, per unit of gold ETF. On the other hand, SBI ETF Gold, Invesco India Gold ETF, and Aditya Birla Sun Life Gold ETF will offer the investors a 1.00 gram of gold, per unit of gold ETF.

Which is better Gold ETF or gold fund?

Experts say, for investors looking to make a regular investment instead of a one-shot investment, then the gold fund option is better and rewarding. However, for those looking for a cost-effective option to invest in precious metal, then gold ETF is considered to be the right choice.

Does gold ETF have GST?