October 5, 2023
mayank
LIC MF Gold ETF details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 5,164.3820
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) Yash Dhoot
Education: Mr. Dhoot has done MBA (Finance) and B.Com
Experience: He has been associated with LIC MF since September 2021.
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 of LIC MF Gold ETF
| Fund House | LIC Mutual Fund |
| Launch Date | 09-Nov-11 |
| Return Since Launch | 4.81% |
| Benchmark | Domestic Price of Gold |
| Riskometer | High |
| Type | Open-ended |
| Assets | Rs 107 Cr |
| (As on 31-Aug-2023) | |
| Expense | 0.13% |
| (As on 31-Aug-2023) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
LIC MF Gold ETF Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| LIC MF Gold ETF | 1.45 | -0.16 | -5.26 | -3.59 | -6.00 | 9.95 | 3.37 | 11.82 | 8.16 | 6.14 |
| Domestic Price of Gold Index | 2.24 | -1.83 | -4.52 | -3.08 | -4.82 | 10.65 | 3.91 | 12.60 | 8.78 | 6.87 |
| Commodities: Gold | 2.10 | -0.37 | -4.76 | -3.29 | -5.25 | 9.67 | 3.02 | 11.57 | 7.67 | 5.55 |
| Rank within category | 16 | 9 | 23 | 20 | 21 | 5 | 3 | 2 | 1 | 1 |
| Number of funds in category | 24 | 26 | 26 | 26 | 25 | 22 | 21 | 21 | 21 | 21 |
LIC MF Gold ETF Peer Comparison
| 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 (%) | |
| LIC MF Gold ETF | Unrated | 9.95 | 3.37 | 11.82 | 0.13 | 107 | 4.81 | — | 11Y 10M | — |
| SBI Gold Reg | 4 star | 10.04 | 3.07 | 11.78 | 0.42 | 1,395 | 4.57 | 1.00 (15) | 12Y | — |
| Nippon Ind ETF Gold BeES | Unrated | 9.46 | 2.95 | 11.54 | 0.79 | 7,936 | 10.31 | — | 16Y 6M | 6.00 |
| ICICI Pru Gold ETF Reg | Unrated | 9.90 | 3.19 | 11.64 | 0.50 | 4,099 | 7.61 | — | 13Y 1M | — |
| HDFC Gold ETF Reg | Unrated | 9.58 | 3.05 | 11.53 | 0.59 | 3,784 | 7.99 | — | 13Y 1M | — |
Chanakya’s Mutual Fund Guidance For LIC MF Gold ETF
Apply Online: https://www.licmf.com/fund-overview/All
>> Post your MF questions @ sahifund.com/ask-me/
>> Stock Research Reports:
https://www.analysislibrary.com/
>> NFO Guidance:
https://sahifund.com/category/nfos/
>> Chanakya’s Mutual Fund Guidance on YouTube
https://www.youtube.com/c/ChanakyaNiPothi
>> Join Chanakya MF’s Telegram Channel @
https://t.me/chanakyaMFGuidance
>> For Higher studies, Interview skills, Competitive Exam books
http://www.gyanpothi.com/search-institutes/
>> Get Good Staff or Job, Click: Staffavailable.com
>> To apply for Government & PSU jobs, click
https://www.staffavailable.com/government-psu-jobs/
>> Go to IPOs Analysis Section, Click
>> Interested in Used Automobiles or vintage cars? Click: BigGaddi.com
>> Interested in Crossword Puzzles? Click: magajmari.com