March 7, 2024
mayank
Edelweiss Gold and Silver ETF FoF details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 12.5520
NAV IDCW: Rs 12.5530
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 scheme is seeks to generate returns by investing in units of Gold ETFs and Silver ETFs
Fund Manager:
1) Bharat Lahoti
Education: Mr. Lahoti is a B.E. (Electronics & Communication) from Mumbai University and MMS (Finance) from N L Dalmia Institute of Management Studies
Experience: Prior to joining Edelweiss Asset Management Limited as a Fund Manager – Equity and a Key Person , he was associated with D.E. Shaw India Software Pvt. Ltd. as a Senior Manager – Fundamental Research and has an overall work experience of 9 years in the research function of organizations in the financial services sector.
2) Bhavesh Jain
Education: Mr. Jain is a MMS (Finance) from Mumbai University.
Experience: Prior to joining Edelweiss Mutual Fund he was previously associated with Edelweiss Securities Limited as SGX Nifty Arbitrage Trader.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0.1% for redemption Within 15 days |
Basic Details
| Fund House | Edelweiss Mutual Fund |
| Launch Date | 14-Sep-22 |
| Return Since Launch | 16.64% |
| Benchmark | Domestic Gold and Silver Prices |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 100 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.23% |
| (As on 31-Jan-2024) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
Trailing Returns (%) of Edelweiss Gold and Silver ETF FoF
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Edelweiss Gold and Silver ETF FoF Dir | -0.44 | -0.05 | 2.68 | -0.20 | 3.11 | 12.10 | — | — | — | — |
| Domestic Price of Gold Index | 0.56 | 1.36 | 0.62 | 0.22 | 6.88 | 13.24 | — | — | — | — |
| Commodities: Gold | 1.61 | 0.17 | 3.19 | 3.06 | 7.83 | 13.85 | — | — | — | — |
| Rank within category | 14 | 15 | 15 | 14 | 13 | 13 | — | — | — | — |
| Number of funds in category | 14 | 16 | 15 | 14 | 13 | 13 | 10 | 10 | 10 | 10 |
Peer Comparison of Edelweiss Gold and Silver ETF FoF
| 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 (%) | |
| Edelweiss Gold and Silver ETF FoF Dir | Unrated | 12.10 | — | — | 0.23 | 100 | 16.64 | 0.10 (15) | 1Y 5M | — |
| HDFC Gold Dir | 4 star | 13.58 | 12.07 | 13.90 | 0.18 | 1,696 | 5.72 | 1.00 (15) | 11Y 2M | — |
| Nippon India Gold Savings Dir | 1 star | 14.28 | 12.10 | 13.82 | 0.13 | 1,603 | 5.61 | 1.00 (15) | 11Y 2M | 93.00 |
| Kotak Gold Dir | 3 star | 14.05 | 11.87 | 14.09 | 0.15 | 1,590 | 5.75 | 1.00 (15) | 11Y 2M | 3.26 |
| SBI Gold Dir | 3 star | 14.41 | 12.26 | 14.10 | 0.10 | 1,532 | 5.79 | 1.00 (15) | 11Y 2M | — |
How to Invest in Edelweiss Gold and Silver ETF FoF?
Chanakya’s Mutual Fund Guidance For Edelweiss Gold and Silver ETF FoF
Apply Online: https://invest.edelweissmf.com/home?distributoruuid=b9111455-759f-4eb8-bc2a-13927f656230
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