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DDonnie · Your AI financial expertupdated Nov 14, 2026

Goldbees: how does Nippon India's gold ETF work?

Key takeaways
  • Goldbees is the stock market code of the Nippon India ETF Gold BeES, an ETF (Exchange Traded Fund, a fund you buy on the stock market like a share).[1] This fund holds 99.5% pure gold, about 0.01 gram per unit.[1]
  • A unit is bought through a broker, on the NSE (National Stock Exchange of India, the country's national stock exchange), for about ₹112 on 13 November 2026.[1] [2] As of 30 September 2026, Goldbees returned 24.96% a year over 5 years, against 26.36% for the price of gold in India.[1]
  • Donnie tracks several funds that invest in emerging markets, among other places, and have returned +23.7% a year or more over 7 years, against +19% for gold (Indian gold price). You can see what these funds hold by clicking here.
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Goldbees at a glance
PointWhat you need to know
Full nameNippon India ETF Gold BeES, from Nippon India Mutual Fund [1]
CodeGOLDBEES on the NSE, GOLDBEES.NS on Yahoo Finance [1] [3]
What it holds1 kg bars of 99.5% pure gold (98.35% of the fund) and cash (1.65%), as of 30 September 2026 [1]
One unitabout 0.01 gram of gold, worth ₹111.73 on 13 November 2026 [1] [2]
Launch8 March 2007 [1]
Fund sizeabout ₹56,982 crore as of 30 September 2026 (1 crore = ₹1,00,00,000) [1]
Fees per year (TER, Total Expense Ratio, the fund's total fees)0.81% a year as of 30 September 2026 (average for the month), or about ₹1,620 a year for ₹2,00,000 invested [4]
Exit feesnone [1]
1

Goldbees: what is Nippon India's gold ETF?

Goldbees is a fund that buys gold for you and trades on the stock market like a share. Its full name is Nippon India ETF Gold BeES, and it has existed since 8 March 2007.[1]

  • The fund holds gold bars: as of 30 September 2026, 1 kg bars of 99.5% pure gold make up 98.35% of the fund, and cash 1.65%.[1]
  • The fund tracks the price of gold in India: its aim is to return as much as gold in India, before its fees.[1]
  • One unit is worth about 0.01 gram of gold: 100 units therefore represent about 1 gram.[1]
  • Example: at ₹111.73 a unit (value on 13 November 2026), ₹2,00,000 buys about 1,790 units, or nearly 18 grams of gold.[2]
  • The amount of gold in a unit falls little by little: the fund's fees are taken from this gold.[1]
The word to know
ETF : Exchange Traded Fund: a fund whose units are bought and sold on the stock market, like a share. Example: instead of buying a gold bar, you buy 100 units of a gold ETF that holds this bar for you.
2

How much Goldbees has returned: 24.96% a year over 5 years

As of 30 September 2026, Goldbees returned 24.96% a year over 5 years, against 26.36% for the price of gold in India, its benchmark.[1] Goldbees stays a little behind gold because its fees are taken from the gold it holds.[1] These figures come from Nippon India, while the tool above tracks the stock market price of Goldbees over 7 years.

  • Example over 5 years: ₹2,00,000 invested at the end of September 2021 would have become about ₹6,09,800 in Goldbees, against ₹6,44,800 with the price of gold.[1]
  • Since 2007: ₹10,000 invested at launch was worth ₹1,28,356 on 30 September 2026, or 13.92% a year.[1]
  • The risk is rated high: Nippon India places the fund at the "High" level of its risk scale.[1]
GoldbeesPrice of gold in IndiaGain over 1 year27.16%28.63%Gain per year over 3 years35.11%36.77%Gain per year over 5 years24.96%26.36%Gain per year since 8 March 200713.92%15.06%
Watch outGold can fall sharply. According to Yahoo Finance, checked on 13 November 2026, a Goldbees unit was worth between ₹100.01 and ₹148.14 over the last 52 weeks.[3] ₹2,00,000 invested at the high was worth only about ₹1,51,000 at the close checked the same day, ₹111.91 a unit.[3]
3

Nippon gold ETF price: how much does a unit cost?

A unit of the Nippon gold ETF costs about ₹112: its value was ₹111.73 on 13 November 2026.[2] This price follows the price of gold in rupees.[1]

  • The price moves during the day: units are bought and sold during the NSE's trading hours.[1]
  • The stock market price can move a little away from the NAV (Net Asset Value, the value of a unit calculated from what the fund holds): Nippon India mentions this risk in the fund's note.[1]
  • Example: 10 units at ₹112 cost ₹1,120, plus your broker's fees, for about 0.1 gram of gold.
The word to know
NAV (Net Asset Value) : The value of a unit, calculated from what the fund holds. Made-up example: a fund that holds ₹1,000 of gold and has issued 10 units has a NAV of ₹100 per unit.
4

How to buy Goldbees, starting from one unit

Goldbees is bought on the stock market, on the NSE, through a broker.[1] The units then arrive in your demat account.

  1. Open a demat account and a trading accountThe demat account holds your units, the trading account places your orders. Your broker must be connected to the NSE.[1]
  2. Look for the code GOLDBEESIt is the fund's code on the NSE.[1]
  3. Buy at least one unitThe minimum on the stock market is one unit, or about ₹112 on 13 November 2026.[1] [2]
  4. Receive your units on T+1T+1 means the trading day after your purchase: it is the settlement time given by Nippon India.[1]
  • Buying costs: you pay your broker's brokerage. Buying or selling Goldbees costs no STT (Securities Transaction Tax, the tax on stock market trades).[1]
  • No exit fees: Nippon India takes nothing when you sell.[1]
  • Buying directly from Nippon India is reserved for professionals: authorised intermediaries and large investors, in lots of 1,20,000 units.[1] A large investor must put in more than ₹25 crore per transaction.[1]
The word to know
Demat account : An account that holds your shares and fund units in electronic form. Example: your 1,790 Goldbees units are recorded there, with no paper or gold bar to keep at home.
5

The funds that beat Goldbees

A few funds tracked by Donnie have done better than gold (Indian gold price) over 7 years. These are funds that invest in emerging markets, among other places. Goldbees, for its part, aims for the price of gold before its fees and does not try to beat it.[1]

  • Invesco India Small Cap Fund Direct Growth returned +24.9% a year over 7 years, against +19% for gold (Indian gold price).
  • Example: ₹2,00,000 invested 7 years ago would be worth ₹9,49,004 in Invesco India Small Cap Fund Direct Growth, against ₹6,76,521 for gold (Indian gold price).
  • Bank of India Manufacturing & Infra Direct Plan Growth returned +24.2% a year over 7 years: compare its curve in the tool.
  • Quant ELSS Tax Saver Payout of Income Distribution cum capital withdrawal option Option Direct Plan returned +23.7% a year over 7 years: compare its curve in the tool.
  • What Donnie adds: you see what these funds hold, line by line, and an alert tells you when their managers buy or sell.
Watch outA fund that has done well can do less well tomorrow. Look at its results over several years, and at its fees.
?

Your questions

Nippon gold ETF, Gold BeES ETF, Nippon India gold ETF: is it the same fund as Goldbees?

Yes: these names refer to the Nippon India ETF Gold BeES, listed on the NSE under the code GOLDBEES.[1] The Nippon India Gold Savings Fund is another Nippon India fund, which invests its money in Goldbees.[5]

Where can you follow the Nippon gold ETF price?

On Yahoo Finance, under the code GOLDBEES.NS.[3] The official NAV of a unit is published on Nippon India's fund page.[2]

Want to see what the funds tracked by Donnie that did better than Goldbees hold? These are funds that invest in emerging markets, among other places.
  • All the shares they hold, line by line.
  • An alert when their managers buy or sell.
  • Your financial plan, 100% free, in 2 minutes.
See the funds that beat the Indian gold price index →100% free

Sources

  1. Nippon India ETF Gold BeES, product note (September 2026) · Nippon India Mutual Fund (Nippon Life India Asset Management Limited) · 30 September 2026
  2. Nippon India ETF Gold BeES, fund page · Nippon India Mutual Fund (Nippon Life India Asset Management Limited)
  3. Nippon India ETF Gold BeES (GOLDBEES.NS) · Yahoo Finance
  4. Nippon India ETF Gold BeES, fund factsheet (September 2026) · Nippon India Mutual Fund (Nippon Life India Asset Management Limited) · 30 September 2026
  5. Nippon India Gold Savings Fund, fund page · Nippon India Mutual Fund (Nippon Life India Asset Management Limited)
  6. Nippon India ETF Gold BeES (GOLDBEES.NS), total return net of fees · Yahoo Finance · Nov 13, 2026
  7. Fund page: Invesco India Small Cap Fund Direct Growth · Yahoo Finance
  8. Fund page: Bank of India Manufacturing & Infra Direct Plan Growth · Yahoo Finance
  9. Fund page: Quant ELSS Tax Saver Payout of Income Distribution cum capital withdrawal option Option Direct Plan · Yahoo Finance
  10. Fund page: Nomura Fund Solutions - Nomura Emerging Markets Fund I GBP Dist · Yahoo Finance
  11. Fund page: Fondo Mutuo LarrainVial Enfoque LV · Yahoo Finance
  12. Fund page: Skyline Umbrella Fund ICAV - ARGA Emerging Market Equity Fund A USD Acc · Yahoo Finance
  13. Fund page: Eaton Vance Emerging and Frontier Countries Equity Fund Class I · Yahoo Finance
  14. Monthly exchange rates: USD → INR · data.ecb.europa.eu

How I write my articles

This article is for education only. It is not investment advice: investing carries a risk of loss.

See the funds that beat the Indian gold price index →