GoldmitraGold ETFs in India: the full list, compared
Every Gold ETF listed on NSE/BSE — expense ratio, AUM, launch year, and 5-year returns, in one table. Updated 27 September 2026.
Funds tracked
24
Category AUM
₹1.91 lakh cr
AMFI, via Finnovate, August 2026
Expense ratio range
0.34%–0.81%
First listed
2007
Quick answer: Gold ETFs let you invest in gold through your demat account, with no storage or purity risk — you trade them on the exchange like a stock. Nippon India ETF Gold BeES (GOLDBEES) is India's oldest and, historically, largest gold ETF; newer entrants often undercut it on expense ratio but carry less trading history. If you want gold exposure with a small added yield and don't need to exit before maturity, a Sovereign Gold Bond is worth comparing too. See the full comparison table below for current numbers before choosing.
Compare every listed Gold ETF
| Fund | Ticker | AMC | Launched | Expense ratio | AUM (₹ cr) | 5-yr CAGR | Tracking |
|---|---|---|---|---|---|---|---|
| Nippon India ETF Gold BeES | GOLDBEES | Nippon India Mutual Fund | 2007 | 0.81% | ₹58,150 | 25.5% | Moderate |
| ICICI Prudential Gold ETF | GOLDIETF | ICICI Prudential Mutual Fund | 2011 | 0.49% | ₹28,140 | 25.7% | Tight |
| SBI Gold ETF | SETFGOLD | SBI Mutual Fund | 2009 | 0.65% | ₹26,985 | 25.6% | Moderate |
| HDFC Gold Exchange Traded Fund | HDFCMFGETF | HDFC Mutual Fund | 2010 | 0.60% | ₹23,525 | 25.6% | Moderate |
| Kotak Gold Exchange Traded Fund | GOLD1 | Kotak Mahindra Mutual Fund | 2007 | 0.52% | ₹14,835 | 25.5% | Moderate |
| Tata Gold Exchange Traded Fund | TATAGOLD | Tata Mutual Fund | 2023 | 0.35% | ₹6,165 | Fund is younger than 5 years | Tight |
| Axis Gold ETF | GOLDAXIS | Axis Mutual Fund | 2010 | Check factsheet | ₹5,525 | 25.6% | Check factsheet |
| UTI Gold Exchange Traded Fund | GOLDBETA | UTI Mutual Fund | 2007 | 0.59% | ₹4,490 | 25.2% | Moderate |
| Aditya Birla Sun Life Gold ETF | BSLGOLDETF | Aditya Birla Sun Life Mutual Fund | 2011 | 0.44% | ₹3,143 | 25.7% | Tight |
| DSP Gold ETF | GOLDADD | DSP Mutual Fund | 2023 | 0.45% | ₹2,855 | Fund is younger than 5 years | Tight |
| Zerodha Gold ETF | GOLDCASE | Zerodha Fund House | 2024 | 0.35% | ₹2,550 | Fund is younger than 5 years | Tight |
| Motilal Oswal Gold ETF | MOGOLD | Motilal Oswal Mutual Fund | 2023 | 0.59% | ₹1,970 | Fund is younger than 5 years | Moderate |
| LIC MF Gold ETF | LICMFGOLD | LIC Mutual Fund | 2011 | 0.45% | ₹1,489 | 26.2% | Tight |
| Quantum Gold Fund | QGOLDHALF | Quantum Mutual Fund | 2008 | 0.55% | ₹787 | 25.7% | Moderate |
| Invesco India Gold ETF | IVZINGOLD | Invesco Mutual Fund | 2010 | 0.50% | ₹780 | Sources disagree — check factsheet | Moderate |
Figures as of each fund's most recent factsheet — see the Methodology section below for exact as-of dates and sourcing.
Newer and smaller Gold ETFs
These funds are newer or trade with lower volume — verify live NAV, expense ratio, and AUM directly with the AMC or your broker before investing.
| Fund | Ticker | AMC | Launched |
|---|---|---|---|
| Mirae Asset Gold ETF | Check NSE | Mirae Asset Mutual Fund | 2023 |
| HSBC Gold ETF | HSBCGOLD | HSBC Mutual Fund | 2025 |
| Baroda BNP Paribas Gold ETF | BBNPPGOLD | Baroda BNP Paribas Mutual Fund | 2022 |
| Groww Gold ETF | GROWWGOLD | Groww Mutual Fund | 2024 |
| Union Gold ETF | UNIONGOLD | Union Mutual Fund | 2023 |
| 360 ONE Gold ETF | GOLD360 | 360 ONE Mutual Fund | 2023 |
| Angel One Gold ETF | AONEGOLD | Angel One Mutual Fund | 2024 |
| Choice Gold ETF | CHOICEGOLD | Choice Mutual Fund | 2025 |
| The Wealth Company Gold ETF | TWCGOLDETF | The Wealth Company Mutual Fund | 2025 |
What is a Gold ETF?
A Gold ETF (Exchange-Traded Fund) is a mutual fund scheme that invests in physical gold of 99.5% purity and trades on the stock exchange like a regular stock. Each unit typically represents a fraction of a gram of gold, and the fund's NAV tracks the domestic gold price closely, minus a small annual expense ratio. You buy and sell Gold ETF units through a demat and trading account, the same way you'd trade any listed share — there's no locker, no purity check, and no jeweller-side deduction to negotiate. What you give up for that convenience is the ability to physically hold or wear the gold: a Gold ETF is a paper/electronic claim on gold, backed by the fund's actual bullion holdings, not gold you can take delivery of in everyday use.
How to invest in a Gold ETF
- 1
Open a demat and trading account
Gold ETF units settle in a demat account, the same one used for stocks — open one with any SEBI-registered broker if you don't already have one.
- 2
Pick a fund from the comparison table above
Compare expense ratio, AUM, and fund age — a lower expense ratio and larger, older fund generally means tighter tracking and better liquidity, but check the current NAV and volume before deciding.
- 3
Place a buy order during market hours
Search the fund's NSE ticker (e.g. GOLDBEES) in your broker's app and place a market or limit order, exactly like buying a stock — units are usually priced around 1/100th of a gram of gold.
- 4
Hold the units in your demat account
No storage, insurance, or purity re-verification to manage — the fund holds the physical gold in custody on your behalf, and your demat statement reflects your units.
- 5
Sell on the exchange when you want to exit
Sell during market hours at the prevailing market price, and proceeds settle to your linked bank account within the standard settlement cycle — no jeweller negotiation or purity deduction involved.
Gold ETF taxation in India
Current rule for FY2026-27 — last verified 27 September 2026.
| Classification | Listed security (non-equity) — same treatment as a listed stock, not a debt mutual fund |
|---|---|
| Short-term holding period | 12 months or less |
| Short-term tax rate (STCG) | Added to total income, taxed at your income-tax slab rate |
| Long-term holding period | More than 12 months |
| Long-term tax rate (LTCG) | Flat 12.5%, with no indexation benefit |
| Securities Transaction Tax (STT) | Not applicable — STT applies only to equity/equity-oriented instruments, not Gold ETFs |
| Annual LTCG exemption | None — the ₹1.25 lakh LTCG exemption applies only to equity/equity-oriented funds |
This wasn't always the rule. From 1 April 2023 to the Finance (No. 2) Act, 2024 amendment, Gold ETFs were swept into Section 50AA's "specified mutual fund" definition (any fund with under 35% domestic equity) — every gain, regardless of holding period, was taxed as short-term at your slab rate, with no LTCG option at all. Budget 2024 (July 2024) announced a fix, and the amended definition — which excludes Gold ETFs and reverts them to standard listed-security treatment — took effect from FY2025-26 (AY2026-27) onward, which is the rule shown above and the one that applies today. The window between the July 2024 announcement and the amendment formally taking effect is genuinely ambiguous in public guidance, so if you sold units in that specific window, verify the treatment that actually applied with a tax advisor rather than assuming today's rule applied retroactively. This treatment is specific to exchange-listed Gold ETF units — Gold Mutual Funds / Fund-of-Funds that invest in gold ETFs but aren't themselves exchange-traded need a longer 24-month holding period to qualify for the same 12.5% LTCG rate.
This is a general summary of how Gold ETF gains are currently taxed for a resident individual investor — not tax advice. Capital-gains rules have changed more than once since April 2023; confirm your specific situation, especially the exact holding-period cutoff for your transaction date, with a qualified tax advisor or chartered accountant before filing.
Gold ETF vs physical gold vs SGB
All three track the same underlying gold price. The real differences are in how you buy, hold, and exit: a Gold ETF trades instantly on the exchange with no storage or purity risk, physical gold gives you something you can hold and use but costs more to buy and sell, and an SGB adds a small government-paid interest on top but locks your money in for years with limited exit windows.
| Option | Returns | Liquidity | Costs | Risk | Ease of purchase |
|---|---|---|---|---|---|
| Physical gold (coins/bars) | Tracks the gold spot price directly — no additional yield on top of price movement. | Least liquid of the options here: selling means finding a buyer or going through a jeweller, and any making charges paid on purchase are usually not recovered. | No recurring fees, but making charges (even on coins/bars, though typically low) apply on purchase, and there are real storage/security costs. | No issuer or counterparty risk — you hold the metal directly. Theft/loss and purity-verification risk apply. | Buy from a jeweller, bank, or mint — widely available, but requires physical storage. |
| Gold ETF | Tracks the gold spot price closely, minus a small annual expense ratio charged by the fund. | Most liquid option here — trades on the stock exchange during market hours like any listed security, with no storage or purity concerns. | Low annual expense ratio; brokerage/demat charges on buy and sell, no making charges. | Fund/tracking risk (fund could deviate slightly from spot price) and requires a demat + trading account, but no purity or storage risk. | Requires a demat and trading account; otherwise as easy as buying any listed stock. |
| Sovereign Gold Bond (SGB) | Tracks the gold spot price, plus a small fixed interest (around 2.5% p.a.) paid on top — the only option here with a stated additional yield. | Has a multi-year tenor with limited early-exit windows — less flexible than an ETF, though it can be traded on exchanges in limited volume. Subject to government issuance windows, not available to buy at all times. | No purchase fees or ongoing expense ratio — issued and redeemed directly by the RBI on behalf of the government. | Backed by the Government of India — no purity, storage, or fund-tracking risk, but you're exposed to gold price risk and the multi-year lock-in. | Only available during specific RBI issuance windows (or on the secondary market via exchanges) — not something you can buy on demand at all times. |
Methodology
This page lists every Gold ETF currently listed on NSE/BSE that we could verify against a public source. Here's exactly how the numbers are put together and where they come from.
Fund list
Cross-checked against AMFI's published Gold ETF scheme category list. New AMCs periodically launch gold ETFs — if a fund is missing or has since closed, let us know.
NAV and price data
Sourced from AMFI's daily NAV file and NSE/BSE public quote data. Refreshed on the cadence stated in the "last updated" date below — not tick-by-tick live.
Expense ratio (TER) and AUM
Sourced from each AMC's most recently published factsheet. These move slowly, so they're refreshed monthly rather than daily. Where a current figure couldn't be verified, the table says so explicitly instead of showing an invented number.
5-year CAGR
Calculated from historical NAV over a trailing 5-year window, shown only for funds old enough to have one. A fund launched within the last 5 years shows "Not yet 5 years old" instead of a partial or extrapolated figure.
Tracking-accuracy tier
An estimated tier (Tight / Moderate / Check factsheet) inferred from expense ratio and fund size as a proxy — not a measured tracking-error figure from each AMC's own disclosure. Treat it as a rough guide, not a precise ranking, and check the fund's own factsheet for its stated tracking error before deciding.
No fabricated precision
If we can't verify a number against a real source, the table says "Check factsheet" instead of guessing. We'd rather show a gap than a wrong number that looks authoritative.
Page attributed to the Goldmitra Research/Editorial Team. See our About page for who's behind Goldmitra and how the site is funded.
Frequently asked questions
What is a Gold ETF?
A Gold ETF is a mutual fund scheme that holds physical gold (99.5% purity) and trades on the stock exchange like a share. Its price tracks the domestic gold rate closely, minus a small annual expense ratio — you buy and sell it through a demat account, with no physical storage or purity risk.
Which is the best Gold ETF in India?
There's no single "best" fund for everyone — it depends on what you're optimizing for. Lower expense ratio and larger, older funds (like Nippon India ETF Gold BeES) tend to track gold price more tightly and trade with better liquidity, but compare the current expense ratio, AUM, and trading volume of a few funds before choosing. See the comparison table above for the current numbers.
Compare every listed Gold ETF →How is a Gold ETF different from a Sovereign Gold Bond (SGB)?
A Gold ETF trades on the exchange any day the market is open and can be exited any time at the prevailing price. An SGB is issued directly by the RBI, pays a small fixed interest on top of gold price movement, but has a multi-year tenor with limited early-exit windows and isn't available to buy on demand — only during specific issuance windows.
Gold ETF vs SGB vs physical gold →How is a Gold ETF different from physical gold?
A Gold ETF is a paper/electronic claim on gold held in a fund's custody — no storage, insurance, or purity verification needed, but you can't wear or physically hold it. Physical gold (coins, bars, jewellery) can be held and used directly, but costs more to buy (dealer premium, making charges) and sell (resale spread, purity re-verification).
Is Gold ETF investment safe?
Gold ETFs carry gold price risk (the same risk any gold investment carries) plus fund/tracking risk — the fund's NAV can deviate slightly from the actual gold price. They don't carry purity or storage risk the way physical gold does, since the underlying gold is held by the fund and regularly audited under SEBI's mutual fund regulations. As with any market-linked investment, the value can go down as well as up.
Do Gold ETFs pay dividends?
No — Gold ETFs don't generate income the way an equity or debt fund might, since gold itself doesn't pay a yield. Your only return is the change in the gold price itself, minus the fund's expense ratio. This is different from a Sovereign Gold Bond, which pays a small fixed interest on top of price movement.
What is the minimum investment in a Gold ETF?
There's no fund-level minimum beyond the price of one unit — most Gold ETF units are priced around 1/100th of a gram of gold, making them one of the most accessible ways to start investing in gold with a small amount. You will need a demat and trading account to buy even one unit.
How are Gold ETF gains taxed in India?
Gold ETF units are taxed under the capital gains rules that currently apply to them, which have changed more than once in recent years — see the taxation section above for the current holding-period and rate details, and confirm your specific situation with a tax advisor before filing.
See current taxation rules →Not investment advice. Gold ETF prices, expense ratios, and AUM change — verify current figures with the fund's own factsheet or your broker before investing. Data sourced from AMFI, NSE/BSE public quotes, and each AMC's published factsheet. Last data refresh: 27 September 2026.