Gold Mutual Funds give 23 percent return to its investors in last 6 months

After the news of the attack, gold reached close to $ 2,400 per ounce in the international market this morning, while in the domestic market it managed to reach Rs 72,869 per 10 grams during trading on MCX.

Gold has registered a rise of more than 15 percent this year alone. This rally is reminiscent of the 10 years from 2001 to 2011, when the price of gold had increased by about 650 percent in 10 years.

Gold mutual funds are also benefiting from this rise in gold price. During the last 6 months, gold mutual funds have given an average return of 23 percent.

SBI Gold has given the highest return of 24.13 percent in the last 6 months. Quantum Gold Savings Fund is in second place with 23.74 percent return. The returns of total 11 gold mutual funds during this period have been more than 23 percent.

The lowest return has been from DSP World Gold Fund of Funds, which has given 16.60 percent return in the last 6 months. The only other fund that has returned less than 20 percent is Edelweiss Gold & Silver ETF Fund of Funds.

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