MF Update: Gold ETFs outperform

Past one week has seen Gold ETFs outperforming equity markets with several of the Gold ETFs delivering returns in excess of 2 per cent.

SBI Gold-Reg (G) has delivered 2.42 per cent returns, Quantum Gold Fund ETF has generated 2.39 per cent returns, Axis Gold ETF has delivered 2.39 per cent returns, SBI-ETF Gold, Invesco India Gold ETF and Birla SL Gold ETF has generated 2.38 per cent returns each over past one week. 

ICICI Pru FMCG Fund (G) is the only fund apart from the mutual fund schemes that invest in overseas securities, that has outperformed the Gold ETFs.

DSPBR World Mining Fund-Reg (G) was the best performing fund with 3 per cent returns over past one week followed by Franklin India Feeder -Franklin European Growth Fund (G) and Edelweiss Eur Dynamic Equity Off-shr Fund- Reg (G) with 2.74 per cent and 2.56 per cent returns.

All the three funds invest in global equities