Gold is considered one of the best investment options for those who are looking for long-term investments. One way to invest in gold is through mutual funds. Mutual funds are professionally managed investment vehicles that pool money from multiple investors to buy a diversified portfolio of assets. Gold mutual funds invest in gold and gold-related assets, such as gold mining stocks, gold ETFs, and physical gold.

In this blog, we will discuss the top 7 best mutual funds for gold that investors can consider for their investment portfolios.

Sprott Gold Equity Fund (Sgdlx)

The Sprott Gold Equity Fund invests in gold and silver mining companies. The fund’s objective is to provide long-term capital appreciation by investing in companies that have proven reserves of gold and silver, are financially strong, and have experienced management teams. The fund’s portfolio is well-diversified and includes stocks of companies that operate in Canada, the United States, and Australia.

One of the fund’s strengths is its experienced management team. The fund is managed by a team of professionals who have extensive experience in the mining industry. The team uses a disciplined investment process that focuses on identifying companies that have high-quality assets, strong balance sheets, and a history of delivering returns to shareholders.

Another advantage of investing in the Sprott Gold Equity Fund is that it has a low expense ratio of 1.05%. This means that investors can benefit from the fund’s professional management at a lower cost compared to other mutual funds.

Tocqueville Gold Fund (Tgldx)

The Tocqueville Gold Fund invests in gold mining stocks and physical gold. The fund’s objective is to achieve long-term capital appreciation by investing in companies that are engaged in the exploration, mining, and processing of gold and other precious metals.

The fund’s management team has a deep understanding of the mining industry and uses a disciplined investment process to identify companies that have strong balance sheets, experienced management teams, and are trading at attractive valuations. The fund’s portfolio is well-diversified and includes stocks of companies that operate in Canada, the United States, and Australia.

One of the advantages of investing in the Tocqueville Gold Fund is that it has a low minimum investment requirement of $1,000, making it accessible to a wide range of investors. The fund also has a low expense ratio of 1.27%, making it a cost-effective way to invest in gold.

Vaneck International Investors Gold Fund (INIVX)

The VanEck International Investors Gold Fund invests in gold mining stocks, gold bullion, and other precious metals. The fund’s objective is to achieve long-term capital appreciation by investing in companies that are engaged in the mining, refining, and processing of gold and other precious metals.

One of the strengths of the VanEck International Investors Gold Fund is its experienced management team. The fund is managed by a team of professionals who have extensive experience in the mining industry and use a disciplined investment process to identify companies that have strong balance sheets, experienced management teams, and are trading at attractive valuations.

The fund’s portfolio is well-diversified and includes stocks of companies that operate in Canada, the United States, and Australia. The fund also invests in physical gold and other precious metals, providing investors with exposure to a diversified portfolio of gold-related assets.

Us Global Investors World Precious Minerals Fund (Unwpx)

The US Global Investors World Precious Minerals Fund invests in gold mining stocks and other precious metals. The fund’s objective is to achieve long-term capital appreciation by investing in companies that are engaged in the exploration, mining, and processing of gold and other precious metals.

One of the advantages of investing in the US Global Investors World Precious Minerals Fund is that it has a well-diversified portfolio of stocks that includes companies that operate in Canada, the United States, South Africa, and other countries. The fund’s management team uses a disciplined investment process to identify companies that have strong balance sheets, experienced management teams, and a history of delivering returns to shareholders.

The fund also invests in other precious metals, such as silver and platinum, providing investors with exposure to a diversified portfolio of precious metals. The fund’s expense ratio is 1.70%, which is slightly higher compared to other mutual funds on this list.

Fidelity Select Gold Portfolio (Fsagx)

The Fidelity Select Gold Portfolio invests in gold mining stocks and physical gold. The fund’s objective is to achieve long-term capital appreciation by investing in companies that are engaged in the exploration, mining, and processing of gold.

One of the advantages of investing in the Fidelity Select Gold Portfolio is that it is managed by Fidelity, one of the largest mutual fund companies in the world. The fund’s management team has extensive experience in the mining industry and uses a disciplined investment process to identify companies that have strong balance sheets, experienced management teams, and a history of delivering returns to shareholders.

The fund’s portfolio is well-diversified and includes stocks of companies that operate in Canada, the United States, South Africa, and other countries. The fund also invests in physical gold, providing investors with exposure to a diversified portfolio of gold-related assets.

Ishares Gold Trust (IAU)

The iShares Gold Trust is an exchange-traded fund (ETF) that invests in physical gold. The fund’s objective is to track the performance of the price of gold bullion. The fund is designed to provide investors with a cost-effective and convenient way to invest in gold. The fund’s expense ratio is low at 0.25%, making it a cost-effective way to invest in physical gold.

One of the advantages of investing in the iShares Gold Trust is that it provides investors with exposure to the price of gold without the risks associated with investing in gold mining stocks. The fund invests in gold bullion, which is held in a secure vault, providing investors with a safe and convenient way to invest in physical gold.

Franklin Gold And Precious Metals Fund (FKRCX)

The Franklin Gold and Precious Metals Fund invests in gold mining stocks and other precious metals. The fund’s objective is to achieve long-term capital appreciation by investing in companies that are engaged in the exploration, mining, and processing of gold and other precious metals.

One of the strengths of the Franklin Gold and Precious Metals Fund is its experienced management team. The fund is managed by a team of professionals who have extensive experience in the mining industry and use a disciplined investment process to identify companies that have strong balance sheets, experienced management teams, and a history of delivering returns to shareholders.

The fund’s portfolio is well-diversified and includes stocks of companies that operate in Canada, the United States, South Africa, and other countries. The fund also invests in other precious metals, such as silver and platinum, providing investors with exposure to a diversified portfolio of precious metals. The fund’s expense ratio is 0.89%, which is relatively low compared to other mutual funds on this list.

Conclusion

Gold mutual funds provide investors with a cost-effective way to invest in gold and gold-related assets. The top 5 best mutual funds for gold discussed in this blog are well-diversified, have experienced management teams, and use disciplined investment processes to identify companies that have strong balance sheets and a history of delivering returns to shareholders.

When investing in mutual funds, it is important to consider factors such as investment objectives, risk tolerance, and expense ratios. Investors should also consult with a financial advisor before making any investment decisions.