Top 5 Gold Funds in 2023

Gold funds work by pooling money from multiple investors. It then uses this pool of money to invest in Gold ETFs. Gold is considered to be a highly effective portfolio diversifier due to its low or negative correlation with all other major asset classes. You can invest in a gold mutual fund through SIP or lump sum, without a Demat account. Axis Gold Fund Direct Plan - Growth is Number 1 in the Gold Funds category as per 3-year returns, which stands at 8.03%. The other Gold Funds are Invesco India Gold Fund Direct Plan Growth, Aditya Birla Sun Life Gold Fund - Direct Plan - Growth, SBI Gold Fund - Direct Plan - Growth and HDFC Gold Fund Direct Plan - Growth. Experts suggest that you must limit your investment in gold to 5-10% of your total portfolio.

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Disclaimer: These are not any recommendations for any funds or stocks and are meant only for educational purposes.

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