Many ETFs to choose from

In a growth economy like India, actively managed funds have successfully beaten the indices. So it's not surprising that exchange traded funds (ETFs) and index funds are often cold shouldered by investors. But that could well change in the future. To hedge their bets, fund houses have now begun to offer a slew of passively-managed products. Gold ETFs Gold ETFs have certainly earned their place in the sun. Benchmark Mutual Fund was the first to come up with Gold Benchmark ETF in February 2007. Since then eight Gold ETFs have been introduced. Two of them, ICICI Prudential Gold ETF and HDFC Gold ETF, were launched as recently as July 2010. In a little over three years, the corpus of Gold ETFs has jumped to Rs 1,799