February 6, 2025
mayank
Union 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
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Union Gold ETF FoF Open Date, Close Date?
NFO opens on February 10, 2025
NFO will close on February 24, 2025
Investment Strategy for this NFO?
The scheme is to generate long-term capital appreciation by investing in units of Union Gold ETF.
Basic Details
| Fund House | Union Mutual Fund |
| Issue Open | 10 February 2025 |
| Issue Close | 24 February 2025 |
| Type | Open-ended |
| Category | Commodities: Gold |
| Min. Investment(Rs) | 1,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 1 year |
| Riskometer | High |
| Benchmark | Domestic Price of Gold |
About Benchmark Index for this NFO?
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.
Fund Managers of Union Gold ETF FoF
1) Vinod Malviya
Education: Mr. Malviya has done Bachelors of Management Studies, Masters in Financial Management and CFA (Level-III cleared)
Experience: Prior to joining Union Mutual Fund, he was associated with Florintree Advisors Pvt. Ltd., East India Securities Ltd. and Amit Nalin Securities Pvt. Ltd.
AMC
Union Asset Management Company Pvt. Ltd.
Address: Unit 503, 5th Floor, Leela Business Park, Andheri Kurla Road, Andheri (East) Mumbai – 400059
Website: https://www.unionmf.com
Registrar & Transfer Agent
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Review for Union Gold ETF FoF @ sahifund.com by Paresh Gordhandas, C.A., Research Analyst
[ A ] Benchmark Performance of Domestic Price of Gold
Performance
| 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) | – | – | – |
Fundamentals
| P/E | P/B | Dividend Yield |
| – | – | – |
Study about Benchmark Index in details
Note on Benchmark Performance:
[ B ] Performance Review of the Fund Managers of this NFO
Past Performance of Vinod Malviya
| Fund | Union Largecap Fund | It’s Benchmark | Union ELSS Tax Saver Fund | It’s Benchmark |
| 1 Year | 6.91 | 11.58 | 8.91 | 10.46 |
| 3 Year | 10.46 | 13.27 | 13.17 | 14.08 |
| 5 Year | 14.47 | 16.82 | 18.18 | 18.24 |
| 7 Year | 11.47 | 13.78 | 14.17 | 14.17 |
| 10 Year | — | — | 11.02 | 13.24 |
As on 6-2-2025
Note on Fund Managers’ performance
[ C ] Conclusion
X
Is it good to invest in Union Gold ETF FoF NFO?
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