Gold Fund

Gold has given superlative return over the last two years. But still compared to a longer period of 5, 10 and even 20 years, it has been able to only marginally beat inflation and has been a laggard compared to equities. There is no other asset class which can give like Equities (Mutual Funds) over a longer period.
Equities has been a preferred investment avenue for smart investors across the world for returns. Gold is preferred only for short term safety of capital and not for any returns as such.
Even so, if you still want to invest in Gold, my preferance would be that you rather invest in DSPML World Gold Fund. This fund invests in Gold Mining Companies across the world and has given an absoulte return of over50% since launch last September.
Best of luck.