Indian investors appetite for Gold ETF in June 2011 has grown by 98.6% pa compared to June 2010
As on 30 June 2010 there were only 7 mutual fund Gold ETF with net AUM of Rs. 1881 crore.
This has increase to 11 Mutual fund Gold ETF with AUM of Rs 5090 crore as on 30 June2011
After considering the growth of 36.2% in NAV over a year the demand for GOLD ETF fund
over one year has increase by 74.99% (for 6 MF in operation) and that including newly started
5 Mutual fund GOLD ETF fund the demand has surrged over 98.6% and rating of those in
operation over a year considering to liquidity of GOLD ETF and NAV of GOLD ETF
to market value of GOLD are as detailed below
The latest NAV of the scheme and its tracking error with respect to Market value
of GOLD in gram is as detailed below
The fund with least tracking error is good however the funds IPGETF, AXISGOLD,
HDFCMFGETF and BSLGOLDETF though shows least tracking error were newly
formed considering the above SBIGETS, GOLDBEES with higher liquidity
and greater AUM will be most forcoming for investment purpose
for daily trading value at NSE for GOLDETF check out this link below
for realtime market value of GOLD in INR per troy ounce check out this link below
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