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IDBI GOLD EXCHANGE TRADED FUND

An open ended scheme replicating/tracking the performance of gold in domestic prices
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Fund Manager

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Mr.Nitin Dattaram Dalvi

Total Experience: Over18 Years (Managing the Scheme since 14th February 2023)

Other Funds Managed by Mr.Nitin Dattaram Dalvi - Click Here

Fund Information

NAV

As on 28 Jul 23

IDCW stands for Income Distribution cum Capital Withdrawal

Live NAV

2023-07-27 14:51:32

Fund Category

Exchange Traded Fund

Inception

09 Nov 2011

Benchmark

Domestic price of Physical Gold
Benchmark RiskometerBENCHMARK RISKOMETER
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*Investor should consult their financial advisors if in doubt about whether the product is suitable for them.

Entry Load

Not Applicable

Exit Load

Nil

Face Value

Rs. 100/- per unit

Returns

As of last business day of the month- June 2023

13.55%

Investment Essentials

Minimum Application Amount

Minimum Lumpsum Amount:
 Rs. 5000/- and in multiples of Re. 1
Minimum Additional Lumpsum Amount:
NA
Systematic Investment Plan (SIP) Options
NA

SCHEME LABEL

Riskometer
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This product is suitable for investors who are seeking*

  • To replicate performance of gold in domestic prices with at least medium term horizon
  • Investment in physical gold and gold related instruments / Debt & Money Market instruments
*Investor should consult their financial advisors if in doubt about whether the product is suitable for them.

Investment Objective

To invest in physical Gold and Gold related Instruments 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.

Who should Invest?

  • Investors with Long Term Investment Horizon i.e. 3 years and above
  • Investors looking for passive management investment strategy and seeks to achieve returns that are in line with the performance of gold with minimum tracking error
  • Investors who wish to invest in gold but do not want to invest in physical gold

Portfolio as on 30/6/2023

*Rounded off to the nearest two digits after the decimal point.

Scheme Performance as of last business day of the month - June 2023

Regular Plan

Schemes managed by Fund Manager (FM) - Mr. Khozem Zakiuddin Jabalpurwala     Experience - Over 22 years
Returns (in %)Value of Rs. 10,000/- invested
PeriodSchemeBenchmark# Additional Benchmark##Scheme (Rs.)Benchmark# (Rs.) Additional Benchmark## (Rs.)
1 year13.5513.87NA11,35511,387 NA
3 years5.766.12NA11,82911,951NA
5 years13.0913.74NA18,50619,049NA
Since Inception (SI) Date: 09 November, 2011 5.346.10NA18,33119,939NA
FM managing this Scheme since 21st March, 2022
# Domestic Price of Physical Gold
Past Performance may or may not be sustained in the future. Returns pertain to growth option under Regular & Direct Plan. The returns are Compounded Annual Growth Returns (CAGR) for past 1 year, 3 years, 5 years & since inception period and annualised for the period below 1 year. The Regular and Direct Plan of IDBI Mutual Fund have different expense structure.
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Scheme Name Option NAV Per Unit(Rs) NAV Date