Gold funds are mutual funds or exchange-traded funds that invest primarily in gold bullion or gold-producing companies. Gold funds are of immense value for investors as they help hedge against geopolitical worries and falling currencies.
If you invest in a gold fund, you avoid the hassle of taking delivery of physical gold as well as the tension of keeping it safe and secure. 
A few benefits of investing in gold funds are: 
- Unlike other investment avenues, you do not need to have a demat account to open a gold fund
- Investing in the gold fund gives investors the benefit of taking exposure to gold electronically
- You can benefit from rising gold prices without having to own the gold physically.
- It’s a great way to diversify your portfolio. 
- You can choose from growth or dividend option of the gold fund
Please note that effective July 1, 2017, GST of 18% would be applicable on all financial services. 
List of gold mutual funds in India:
- Axis Gold Fund
- ICICI Pru Regular Gold Savings Fund
- Canara Robeco Gold Savings Fund
- Birla Sun Life Gold Fund
- HDFC Gold Fund
- Invesco India Fold Fund
- IDBI Gold Fund
- Kotak Gold Fund
- Quantum Gold Saving Fund
- Reliance Gold Savings Fund
- SBI Gold Fund