|Min SIP Amount||Not Supported|
|NAV||₹4658.04 (29 Oct 2020)|
|Fund Started||09 Nov 2011|
|Fund Size||₹93 Cr|
|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 29 Oct 2020 is ₹4658.04.
The IDBI Gold Exchange Traded Fund is rated Moderately High risk. Minimum SIP Investment is set to 1.
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.
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.