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Gold Bees

What is Gold Bees ?

Gold Bees is the first Gold ETF (Exchange Traded Fund) to be launched in India.
It was launched 19^th March 2007 by BENCHMARK, an asset management company.
One Unit of Gold Bees is approximately equivalent to the price of 1 gram of gold in the domestic market.
Gold Bees is listed and traded on the NSE.
It’s aim is to provide investment returns that, before expenses, closely correspond to the returns provided by Domestic price of Gold through physical gold.
The name of the fund manager is Mr Vishal Jain.
The total asset size of the fund was Rs 2,557.67 crore as of September 2011.

What is Nifty Bees ?

Nifty Bees is the first ETF (Exchange Traded Fund) to be launched in India.
It was launched on 8th January 2002 by BENCHMARK, an asset management company.
One Unit of GS Nifty Bees is approximately 1/10th of the S&P CNX Nifty Index.
Nifty Bees is listed and traded on the NSE -Capital Market.
It’s aim is to provide investment returns that, before expenses, closely correspond to the total returns of the Securities as represented by the S&P CNX Nifty Index.
The name of the fund manager is Mr Vishal Jain.
The last Nifty Bees dividend given was Rs 4.5 per unit.
The total asset size of the fund was Rs 652.21 crore as of September 2011.

In India people have traditionally invested in gold by buying jewellery and gold bars.

Over the years the various avenues for people to invest their money has grown manifold.

In India we have around 44 mutual fund houses.

Out of them those 11 have started Gold ETFs.

The following is the complete list of Gold ETFs in India.

The first column gives us the official name of the Gold ETFs.

The second column gives us the symbol listed on the exchanges of the respective Gold ETFs.

What is Gold ETF ?

Exchange Traded Funds (ETFs) are index funds just like mutual fund units which investors buy or sell from the stock exchange, as against a normal mutual fund unit, where the investor trades through a distributor or directly from the asset management company (AMC).
Gold ETFs are a type of ETFs which invests in Gold and Gold related securities.
Prices of gold ETFs move hand on hand with that of physical gold.
When the price of gold moves up, the value of ETFs appreciates and vice versa.

This is a list of all the exchange traded funds (ETFs) in India. (Updated: 01/12/2011)

With growing financial awareness among Indians, many of them are willing to invest in ETFs.

This list shall be updated as and when a new ETF is launched.

ETFs are very convenient since they can be bought and sold directly from the exchange just like any other stock.

While the name of the symbol of the ETF is given in brackets.

IDBI GOLD ETF (IDBIGOLD) has been added to the updated list.

Given below is the list of ETFs traded on the National Stock Exchange of India (NSE).