April 4, 2024
mayank
HDFC Gold Exchange Traded Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV IDCW: Rs 60.2401
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 generate returns that are in line with the performance of gold, subject to tracking errors.
Fund Manager:
1) Bhagyesh Kagalkar
Education: Mr. Kagalkar is a B.E. (Production) and MMS (Finance)
Experience: Prior to joining HDFC Asset Management Company Limited, he has worked with Dolat Capital Markets Ltd., India Infoline Ltd., Sun Engineering Ltd., Al Ahlia Portfolio Securities Co., IIT Investrust.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | — |
| Min. SIP Investment (Rs) | — |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | — |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | HDFC Mutual Fund |
| Launch Date | 13-Aug-10 |
| Return Since Launch | 9.25% |
| Benchmark | Domestic Price of Gold |
| Riskometer | High |
| Type | Open-ended |
| Assets | Rs 4,118 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.59% |
| (As on 29-Feb-2024) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
Trailing Returns (%) of HDFC Gold Exchange Traded Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| HDFC Gold ETF Reg | 9.50 | -0.01 | 9.89 | 9.31 | 21.59 | 15.06 | 14.54 | 16.04 | 12.26 | 8.55 |
| Domestic Price of Gold Index | 9.32 | 2.52 | 10.19 | 8.59 | 19.47 | 15.39 | 15.36 | 16.88 | 13.17 | 9.57 |
| Commodities: Gold | 9.30 | 0.50 | 10.68 | 9.44 | 20.95 | 15.02 | 14.61 | 15.95 | 12.07 | 8.16 |
| Rank within category | 10 | 31 | 30 | 25 | 7 | 18 | 11 | 11 | 4 | 3 |
| Number of funds in category | 29 | 31 | 31 | 29 | 26 | 25 | 21 | 21 | 21 | 21 |
Peer Comparison of HDFC Gold Exchange Traded Fund
| 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 (%) | |
| HDFC Gold ETF Reg | Unrated | 15.06 | 14.54 | 16.04 | 0.59 | 4,118 | 9.25 | — | 13Y 7M | — |
| Nippon India ETF Gold BeES | Unrated | 15.20 | 14.38 | 15.93 | 0.79 | 8,929 | 11.27 | — | 17Y | 7.00 |
| ICICI Pru Gold ETF Reg | Unrated | 15.41 | 15.24 | 16.09 | 0.50 | 4,946 | 8.88 | — | 13Y 7M | — |
| SBI Gold ETF | Unrated | 14.50 | 14.53 | 16.19 | 0.65 | 3,761 | 9.87 | — | 14Y 11M | 3.00 |
| Kotak Gold ETF | Unrated | 15.39 | 15.20 | 16.22 | 0.55 | 3,261 | 12.06 | — | 16Y 8M | 18.78 |
How to Invest in HDFC Gold Exchange Traded Fund?
Chanakya’s Mutual Fund Guidance For HDFC Gold Exchange Traded Fund
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