April 15, 2023
mayank
IDBI Gold ETF
NAV Growth: Rs 5,616.4606
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 fund aims to provide returns that closely correspond to the return provided by the price of gold through investment in physical gold in domestic market. The reason for performance variance of the scheme from that of domestic price of gold may be due to expense and other related factors.
Fund Manager:
1) Nitin Dattaram Dalvi
Education: Mr. Dalvi has done B.Com and MBA
Experience: He has 18 years of exp. in Financial Markets including AMC, Institutional Securities
Investment Details
| Min. Investment (Rs) | 10,000 |
| 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 | IDBI Mutual Fund |
| Launch Date | 09-Nov-11 |
| Return Since Launch | 5.79% |
| Benchmark | Domestic Price of Gold |
| Riskometer | High |
| Type | Open-ended |
| Assets | Rs 104 Cr |
| (As on 31-Mar-2023) | |
| Expense | 0.35% |
| (As on 28-Feb-2023) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
IDBI Gold ETF Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| IDBI Gold ETF | 10.33 | 0.68 | 7.75 | 7.18 | 19.97 | 14.05 | 9.56 | 13.88 | 10.23 | 6.94 |
| Domestic Price of Gold Index | 8.88 | -0.11 | 8.59 | 6.40 | 19.31 | 14.14 | 9.51 | 14.15 | 10.59 | 7.45 |
| Commodities: Gold | 10.29 | 0.44 | 7.27 | 7.23 | 19.26 | 13.21 | 7.88 | 13.30 | 9.73 | 6.41 |
| Rank within category | 12 | 3 | 4 | 10 | 3 | 2 | 1 | 1 | 1 | 1 |
| Number of funds in category | 24 | 25 | 25 | 24 | 22 | 21 | 21 | 21 | 21 | 21 |
IDBI Gold ETF Peer Comparison
| Fund name | 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 (%) |
| IDBI Gold ETF | Unrated | 14.05 | 9.56 | 13.88 | 0.35 | 104 | 5.79 | — | 11yrs 5mo | — |
| HDFC Gold Reg | 4 star | 13.25 | 6.32 | 13.09 | 0.55 | 1,517 | 5.69 | 1.00 (15) | 11yrs 5mo | — |
| Nippon Ind ETF Gold BeES | Unrated | 12.51 | 8.81 | 13.30 | 0.82 | 7,678 | 11.14 | — | 16yrs 1mo | 6.00 |
| HDFC Gold ETF Reg | Unrated | 12.97 | 9.10 | 13.38 | 0.59 | 3,707 | 8.97 | — | 12yrs 8mo | — |
| SBI Gold ETF | Unrated | 13.37 | 9.26 | 13.64 | 0.64 | 3,060 | 9.70 | — | 13yrs 11mo | — |
Chanakya’s Mutual Fund Guidance For IDBI Gold ETF
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