| Risk | Moderately High |
|---|---|
| Min SIP Amount | Not Supported |
| Expense Ratio | 0.35% |
| NAV | ₹4891.53 (14 Aug 2020) |
|---|---|
| Fund Started | 09 Nov 2011 |
| Fund Size | ₹93 Cr |
| 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% |
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 ₹93 Cr and the Latest NAV as of 14 Aug 2020 is ₹4891.53.
The IDBI Gold Exchange Traded Fund is rated Moderately High risk. Minimum SIP Investment is set to 1.
To invest in physical Gold with the objective to replicate the performance of Gold in domestic prices. The ETF will adopt a passive investment strategy and will seek to achieve the investment objective by minimizing the tracking error between the Fund and the underlying asset.
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.