HDFC Gold ETF, managed by HDFC Asset Management Company Limited, aims to mirror gold's performance, focusing on tracking errors while investing primarily in gold and cash equivalents.

The ETF's benchmark is the Domestic Price of Physical Gold, employing a strategy designed to closely replicate gold market movements with minimal tracking error of 0.27%.

The fund's portfolio is heavily concentrated in gold, with 98.46% allocated to this asset, reflecting a focused investment strategy that may introduce concentration risk.

Performance has been robust, with a remarkable 1Y return of +51.3%, and strong CAGR figures over 3Y, 5Y, and 10Y, indicating consistent growth in line with gold prices.

With an AUM of ₹10,999.97 Cr and a low expense ratio of 0.59%, the fund offers efficient access to gold investment, managed by Bhagyesh Kagalkar since Feb 2022.