Fund Details
IDBI Gold Exchange Traded Fund
| Risk | Moderately High |
|---|---|
| Min SIP Amount | Not Supported |
| Expense Ratio | 0.35% |
| NAV | ₹4270.87 (12 Apr 2021) |
|---|---|
| Fund Started | 09 Nov 2011 |
| Fund Size | ₹80 Cr |
Returns
Comparison
1. Lower expense ratio - 0.35%
2. Exit load is zero
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| GOLD - BULLION | Miscellaneous | Gold | 97.3% |
| Triparty Repo | Current Assets | Money Market | 2.8% |
| Net Receivables/(Payable) | Current Assets | Net Receivables/(Payables) | -0.1% |
Fund Managers
IDBI Gold Exchange Traded Fund Details
IDBI Gold Exchange Traded Fund is a Others Mutual Fund Scheme launched by IDBI Mutual Fund. This scheme was made available to investors on 09 Nov 2011. Ashish Mishra is the Current Fund Manager of IDBI Gold Exchange Traded Fund fund.The fund currently has an Asset Under Management(AUM) of ₹80 Cr and the Latest NAV as of 12 Apr 2021 is ₹4270.87.
The IDBI Gold Exchange Traded Fund is rated Moderately High risk. Minimum SIP Investment is set to 1.
Investment Objective
The fund aims to provide returns that closely correspond to the return provided by the price of gold through investment in physical gold in domestic market. The reason for performance variance of the scheme from that of domestic price of gold may be due to expense and other related factors.
Tax Implications
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
