March 7, 2024
mayank
Edelweiss Gold ETF details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 66.2049
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. Read this article to know why.
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 seeks to generate returns that are in line with the performance of physical gold in domestic prices, subject to tracking error.
Fund Manager:
1) Ashish Sood
Education: Mr. Sood has done B.Com (Hons), MBA (Finance), CFA (U.S.) Level 3 cleared
Experience: Prior to joining Edelweiss Mutual Fund, he has worked with InCred Asset Management Private Ltd ((previously Vishuddha Capital), HSBC Gloabal Banking and Markets, Citibank India and Bharti Airtel
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | — |
| Min. SIP Investment (Rs) | — |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | — |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | Edelweiss Mutual Fund |
| Launch Date | 07-Nov-23 |
| Return Since Launch | 6.72% |
| Benchmark | Domestic Gold Price |
| Riskometer | High |
| Type | Open-ended |
| Assets | Rs 51 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.35% |
| (As on 31-Jan-2024) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
Trailing Returns (%) of Edelweiss Gold ETF
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Edelweiss Gold ETF | 2.21 | 0.01 | 3.38 | 3.74 | — | — | — | — | — | — |
| Domestic Price of Gold Index | 0.56 | 1.36 | 0.62 | 0.22 | — | — | — | — | — | — |
| Commodities: Gold | 1.90 | 0.10 | 3.39 | 3.35 | — | — | — | — | — | — |
| Rank within category | 8 | 21 | 16 | 8 | — | — | — | — | — | — |
| Number of funds in category | 29 | 31 | 31 | 28 | 26 | 25 | 21 | 21 | 21 | 21 |
Peer Comparison of Edelweiss 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 (%) | |
| Edelweiss Gold ETF | Unrated | — | — | — | 0.35 | 51 | 6.72 | — | 4M | — |
| Nippon India ETF Gold BeES | Unrated | 14.06 | 12.14 | 13.80 | 0.79 | 8,711 | 10.87 | — | 16Y 11M | 8.00 |
| ICICI Pru Gold ETF Reg | Unrated | 14.29 | 12.56 | 13.89 | 0.50 | 4,845 | 8.38 | — | 13Y 6M | — |
| HDFC Gold ETF Reg | Unrated | 14.70 | 12.47 | 13.85 | 0.59 | 4,080 | 8.76 | — | 13Y 6M | — |
| SBI Gold ETF | Unrated | 14.25 | 12.44 | 13.97 | 0.65 | 3,635 | 9.42 | — | 14Y 10M | 4.00 |
How to Invest in Edelweiss Gold ETF?
Chanakya’s Mutual Fund Guidance For Edelweiss Gold ETF
Apply Online: https://invest.edelweissmf.com/home?distributoruuid=b9111455-759f-4eb8-bc2a-13927f656230
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