October 17, 2024
mayank
Mirae Asset Gold ETF FoF details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @sahifund.com
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Mirae Asset Gold ETF FoF Open Date, Close Date?
NFO opens on October 16, 2024
NFO will close on October 22, 2024
What is the Investment Strategy?
The scheme seeks to provide long-term capital appreciation from a portfolio investing in units of Mirae Asset Gold ETF. There is no assurance that the investment objective of the scheme will be achieved.
Basic Details
| Fund House | Mirae Asset Mutual Fund |
| Issue Open | 16 October 2024 |
| Issue Close | 22 October 2024 |
| Type | Open-ended |
| Category | Commodities: Gold |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0.5% for redemption within 3 months |
| Riskometer | High |
| Benchmark | Domestic Price of Gold |
What is the Benchmark Index of Mirae Asset Gold ETF FoF?
Traditionally, Gold has been used as money and also served as a relative standard for currency equivalents specific to economic regions or countries, until recent times. India continues to remain world’s second biggest consumer of Gold.
From an overall evaluation it is seen that India has a traditional and stable market for gold consumption. There is increase in demand from Ornamental and Electronic Sectors. Gold is considered a valuable asset, for investments and bank reserves. A huge gap exists between demand and indigenous production which is likely to continue
The market participants engaged in import, exports, domestic trading, and manufacturing of gold and gold jewelleries are exposed to price risk. Commodity derivatives product provide an effective hedging tool much to the advantage of market participants.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | |||||
| Total Return |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | |||
| Beta (NIFTY 50) | |||
| Correlation (NIFTY 50) |
Study about Benchmark Index in details
Performance Review of the Fund Managers of Mirae Asset Gold ETF Fund of Fund?
1) Akshay Udeshi
Education: Mr. Udeshi has done B.E (Electronics) and MBA (Finance)
Experience: Prior to joining Mirae Asset Mutual Fund, he was assocaited with Reliance Retail Ltd. and L&T Financial Services
Past Performance of his Schemes
| Fund | Mirae Asset Nifty 100 ESG Sector Leaders ETF | It’s Benchmark | Mirae Asset Nifty EV and New Age Automotive ETF | It’s Benchmark |
| 1 Year | 30.39 | 32.83 | — | — |
| 3 Year | 10.90 | 13.91 | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 17-10-2024
2) Ritesh Patel
Education: Mr. Ghosh is a Commerce Graduate and holds a Degree in CS and LLB.
Experience: Prior to this assignment, he was Assistant Company Secretary with JM Financial Asset Management Pvt. Ltd. He has also been associated with organizations like Hindustan Composites Ltd, Tower Capital & Securities Pvt. Ltd and Multi-Arc India Ltd.
Past Performance of his Schemes
| Fund | Mirae Asset Silver ETF | It’s Benchmark | Mirae Asset Multi Asset Allocation Fund | It’s Benchmark |
| 1 Year | 27.99 | 27.73 | — | — |
| 3 Year | — | — | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 17-10-2024
Which Company Owns Mirae Asset Gold ETF Fund of Fund?
Mirae Asset Investment Managers (India) Pvt. Ltd.
Address: Unit No.606 – 6th Floor, Windsor Building – Off. CST Road, Kalina, Santacruz (East), Mumbai – 400098
Website: http://www.miraeassetmf.co.in
Registrar & Transfer Agent:
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: https://mfs.kfintech.com/mfs/
Is it good to invest in Mirae Asset Gold ETF Fund of Fund NFO?
Guidance for Mirae Asset Gold ETF FoF by Paresh Gordhandas, C.A., Research Analyst.
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