IDBI Gold Exchange Traded Fund is a Others Mutual Fund Scheme launched by IDBI Mutual Fund. This scheme was introduced to investors on 09 Nov 2011. Ashish Mishra is the Current Fund Manager of IDBI Gold Exchange Traded Fund.The fund currently has an Asset Under Management(AUM) of ₹67 Cr and the Latest NAV as of 18 Oct 2019 is ₹3603.64.
The IDBI Gold Exchange Traded Fund is rated Moderately High risk. Minimum SIP Investment is 1. Nil.
Investment Objective
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.
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.
Scheme Information Document(SID)
Not Supported
Min for First Investment
Not Supported
Min for Second Investment