February 21, 2025
mayank
Groww Gold ETF FOF details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 10.9388
NAV IDCW: Rs 10.9387
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 seeks to provide returns that are in line with returns provided by Groww Gold ETF.
Fund Manager:
1) Wilfred Peter Gonsalves
Education: Mr. Gonsalves has done CA and B.Com
Experience: Prior to joining Groww Mutual Fund, he has worked with Edelweiss Tokio Life Insurance and L&T Finance
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 30 days |
Basic Details of Groww Gold ETF FOF
| Fund House | Groww Mutual Fund |
| Launch Date | 06-Nov-24 |
| Return Since Launch | 9.39% |
| Benchmark | Domestic Price of Gold |
| Riskometer | High |
| Type | Open-ended |
| Assets | Rs 18 Cr |
| (As on 31-Jan-2025) | |
| Expense | 0.23% |
| (As on 31-Jan-2025) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
Trailing Returns (%) of Groww Gold ETF FOF
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Groww Gold ETF FOF Dir | 13.04 | -0.15 | 8.99 | 13.32 | — | — | — | — | — | — |
| Domestic Price of Gold Index | 13.76 | 1.14 | 9.49 | 14.29 | — | — | — | — | — | — |
| Commodities: Gold | 13.19 | 0.03 | 8.64 | 13.43 | — | — | — | — | — | — |
| Rank within category | 17 | 12 | 4 | 17 | — | — | — | — | — | — |
| Number of funds in category | 19 | 19 | 19 | 19 | 16 | 15 | 10 | 10 | 10 | 10 |
Peer Comparison of Groww Gold 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 (%) | |
| Groww Gold ETF FOF Dir | Unrated | — | — | — | 0.23 | 18 | 9.39 | 1.00 (30) | 3M | — |
| SBI Gold Dir | 4 star | 38.36 | 19.06 | 14.75 | 0.10 | 2,920 | 7.81 | 1.00 (15) | 12Y 1M | — |
| Axis Gold Dir | 5 star | 37.57 | 18.96 | 14.89 | 0.17 | 794 | 7.60 | 1.00 (15) | 12Y 1M | — |
| HDFC Gold ETF Fund of Fund Dir | 3 star | 38.06 | 18.83 | 14.84 | 0.18 | 3,060 | 7.75 | 1.00 (15) | 12Y 1M | — |
| Kotak Gold Dir | 2 star | 38.16 | 18.81 | 14.73 | 0.16 | 2,520 | 7.77 | 1.00 (15) | 12Y 1M | 1.26 |
Chanakya’s Mutual Fund Guidance For Groww Gold ETF FOF
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