October 5, 2023
mayank
LIC MF Gold ETF FoF details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 15.8948
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 objective of this scheme is to generate returns that correspond closely to the returns generated by IDBI Gold Exchange Traded Fund.
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) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 5,000 |
| Lock-in Period | NA |
| Exit Load | 1% for redemption Within 15 days |
Basic Details
| Fund House | LIC Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 4.38% |
| Benchmark | Domestic Price of Gold |
| Riskometer | High |
| Type | Open-ended |
| Assets | Rs 44 Cr |
| (As on 31-Aug-2023) | |
| Expense | 0.26% |
| (As on 31-Aug-2023) | |
| Risk Grade | Average |
| Return Grade | High |
| Turnover | — |
LIC MF Gold ETF FoF Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| LIC MF Gold ETF FoF Dir | 3.38 | -0.61 | -4.45 | -3.16 | -5.19 | 9.77 | 3.89 | 11.53 | 7.55 | 5.52 |
| 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 | 3.00 | -0.59 | -4.55 | -3.02 | -4.76 | 10.05 | 3.31 | 11.85 | 7.86 | 5.58 |
| Rank within category | 4 | 5 | 6 | 8 | 12 | 6 | 1 | 10 | 9 | 7 |
| Number of funds in category | 13 | 13 | 13 | 13 | 13 | 11 | 10 | 10 | 10 | 10 |
LIC MF Gold ETF FoF 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 FoF Dir | 5 star | 9.77 | 3.89 | 11.53 | 0.26 | 44 | 4.38 | 1.00 (15) | 10Y 9M | — |
| SBI Gold Dir | 4 star | 10.34 | 3.41 | 12.18 | 0.10 | 1,395 | 4.85 | 1.00 (15) | 10Y 9M | — |
| HDFC Gold Dir | 3 star | 10.98 | 3.59 | 12.14 | 0.18 | 1,570 | 4.86 | 1.00 (15) | 10Y 9M | — |
| Nippon Ind Gold Svngs Dir | 2 star | 9.66 | 3.00 | 11.64 | 0.13 | 1,524 | 4.63 | 1.00 (15) | 10Y 9M | 93.00 |
| Kotak Gold Dir | 1 star | 9.29 | 3.01 | 12.05 | 0.15 | 1,514 | 4.76 | 1.00 (15) | 10Y 9M | 4.62 |
Chanakya’s Mutual Fund Guidance For LIC MF Gold ETF FoF
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