October 17, 2024
mayank
Groww 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
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Groww Gold ETF FOF Open Date, Close Date?
NFO opens on October 16, 2024
NFO will close on October 30, 2024
What is the Investment Strategy?
The scheme seeks to provide returns that are in line with returns provided by Groww Gold ETF.
Basic Details
| Fund House | Groww Mutual Fund |
| Issue Open | 16 October 2024 |
| Issue Close | 30 October 2024 |
| Type | Open-ended |
| Category | Commodities: Gold |
| Min. Investment(Rs) | 500 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 30 days |
| Riskometer | High |
| Benchmark | Domestic Price of Gold |
What is the Benchmark Index of Groww Gold ETF FOF?
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.
Past Performance of Benchmark Index
| 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) |
Study about Benchmark Index in details
Performance Review of the Fund Manager of Groww Gold ETF FOF?
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
Past Performance of his Schemes
As on 17-10-2024
Which Company Owns Groww Gold ETF Fund of Fund?
Groww Asset Management Limited
Address: Floor 12 A, Tower 2 A, One World Centre, Jupiter Mills Compound Senapati Bapat Marg, Mumbai – 400013
Website: http://growwmf.in
Registrar & Transfer Agent:
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: https://mfs.kfintech.com/mfs/
Is it good to invest in Groww Gold ETF Fund of Fund NFO?
Guidance for Groww Gold ETF FOF by Paresh Gordhandas, C.A., Research Analyst.
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