Different NAV's of Gold ETF's

[Alchemist]

Originally Posted by Sujit

Thanks for the reply.
The return are almost same and I have mentioned the same in my first post.
But the query is:
Why the NAV of RELGOLD is substatial lower than others?
The expenses ratio for all the funds are same.
Then why the NAV of RELGOLD is 1554.67 and that of GOLDBEES is 1607? (as on 28-01-2010 on NSE)
Please clarify.

I was looking at the performance of Reliance's Gold ETF.

It has underperformed gold by a small amount.

I think the fund was partially invested in fixed income instruments when gold prices were rising.

Thus, its 1-year return has been lower than that of gold and NAV is lower than that of other gold ETF's.

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According to Reliance Mutual Fund's site,

1-year return of gold = 22.73%.
1-year return of the ETF = 21.32%.

http://www.reliancemutual.com/OurSch...ed%20Fund.aspx