January 18, 2024
mayank
Aditya Birla (ABSL) Gold ETF details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 55.7517
Suitable For Which Investors?
“Gold funds provide returns that are closely in line with the returns provided by gold.
We do not think of gold as a good long-term investment avenue and therefore we believe that investors can avoid these funds altogether.
But for those retail investors who’d still prefer to invest in gold, we believe that the Sovereign Gold Bond Scheme offered by the Government of India is a better alternative. This scheme offers a guaranteed return of 2.5 per cent per year over and above the return provided by the price of gold, though the investment cannot be redeemed before a tenure of five years.”
Fund’s Investment Strategy:
The fund aims to provide returns that closely correspond to the return provided by the price of gold through investment in physical gold. The performance of the scheme may differ from that of domestic price of gold due to expense and other related factors.
Fund Manager:
1) Sachin Wankhede
Education: Mr. Wankhede is a B. Com and PGDBM
Experience: Prior to joining Aditya Birla Sun Life AMC Limited, He was previously associated with Aditya Birla Financial Services Group, L&T Infrastructure Finance Company, Credit Analysis and Research and Gammon Infrastructure Projects Ltd.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | — |
| Min. Withdrawal (Rs) | 1 |
| Min. No of Cheques | — |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Aditya Birla (ABSL) Gold ETF
| Fund House | Aditya Birla Sun Life Mutual Fund |
| Launch Date | 13-May-11 |
| Return Since Launch | 7.50% |
| Benchmark | Domestic Price of Gold |
| Riskometer | High |
| Type | Open-ended |
| Assets | Rs 679 Cr |
| (As on 31-Dec-2023) | |
| Expense | 0.54% |
| (As on 31-Dec-2023) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
Trailing Returns (%) of Aditya Birla (ABSL) Gold ETF
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ABSL Gold ETF | -1.47 | -0.51 | -0.41 | 4.76 | 4.24 | 7.10 | 7.36 | 12.92 | 10.23 | 6.86 |
| Domestic Price of Gold Index | -0.96 | -0.22 | 0.15 | 5.87 | 5.54 | 8.47 | 8.10 | 13.92 | 11.36 | 8.57 |
| Commodities: Gold | -1.65 | -0.61 | -0.51 | 4.69 | 4.00 | 7.68 | 7.03 | 12.69 | 10.01 | 6.92 |
| Rank within category | 12 | 12 | 15 | 13 | 15 | 20 | 5 | 4 | 4 | 11 |
| Number of funds in category | 29 | 29 | 28 | 26 | 26 | 24 | 21 | 21 | 21 | 21 |
Peer Comparison of Aditya Birla (ABSL) Gold ETF
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| ABSL Gold ETF | Unrated | 7.10 | 7.36 | 12.92 | 0.54 | 679 | 7.50 | — | 12Y 8M | — |
| Nippon Ind ETF Gold BeES | Unrated | 8.74 | 6.93 | 12.66 | 0.79 | 8,621 | 10.72 | — | 16Y 10M | 8.00 |
| ICICI Pru Gold ETF Reg | Unrated | 7.17 | 7.38 | 12.76 | 0.50 | 4,597 | 8.17 | — | 13Y 4M | — |
| HDFC Gold ETF Reg | Unrated | 7.23 | 7.36 | 12.74 | 0.59 | 4,088 | 8.57 | — | 13Y 5M | — |
| SBI Gold ETF | Unrated | 6.88 | 7.27 | 12.83 | 0.65 | 3,592 | 9.23 | — | 14Y 8M | 4.00 |
How to Invest in Aditya Birla (ABSL) Gold ETF?
Chanakya’s Mutual Fund Guidance For Aditya Birla Sun Life (ABSL) Gold ETF
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