February 9, 2023
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Guidance for NFO of Mirae Asset Gold ETF
by Paresh Gordhandas, C.A., Research Analyst.
Gold as separate asset class has its own significance. Just like Equity and Debt instruments, many investors prefer to invest in Gold and other precious metals to beat the inflation and also for other social reasons. Mirae Asset Mutual fund offers an opportunity to invest in this other Asset class through its NFO of Gold ETF. The NFO opens on 9th February and will close on 15 Feb 2023. Investment in physical gold has its own problems and to mitigate these problems, you can select this NFO. The scheme seeks to generate returns that are in line with the performance of physical gold in domestic prices. The returns from Gold may not be like Equity fund returns. It fluctuates depending on various factors. Let’s study the return from India’s the oldest Gold ETF : Nippon India Gold ETF (15Yr 11 M). The said fund has provided return of 10.60% since inception, which is much higher than the returns you get on Bank FDRs.
So? If you are a long-term investor and wish to diversify your portfolio, you may select this NFO.
We have Invest Online button. You can use the same. Invest Online
NFO of Mirae Asset Gold ETF: Details
NFO opens on February 09, 2023
NFO will close on February 15, 2023
(Our detailed Guidance is given at the bottom of the Page)
Investment Strategy
The scheme seeks to generate returns that are in line with the performance of physical gold in domestic prices, subject to tracking error. The Scheme does not guarantee or assure any returns.
Basic Details
| Fund House | Mirae Asset Mutual Fund |
| Issue Open | 09 February 2023 |
| Issue Close | 15 February 2023 |
| Type | Open-ended |
| Category | Commodities: Gold |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | High |
| Benchmark | Domestic Price of Gold |
About Benchmark Index
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) | – | – | – |
Fundamentals
| P/E | P/B | Dividend Yield |
| – | – | – |
Study about Benchmark Index in details
Fund Manager
1) Ritesh Patel
Education: Mr. Ghosh is a Commerce Graduate and holds a Degree in CS and LLB.
Experience: Prior to this assignment, he was Assistant Company Secretary with JM Financial Asset Management Pvt. Ltd. He has also been associated with organizations like Hindustan Composites Ltd, Tower Capital & Securities Pvt. Ltd and Multi-Arc India Ltd.
Past Performance of his Schemes
AMC:
Mirae Asset Investment Managers (India) Pvt. Ltd.
Address: Unit No.606 – 6th Floor, Windsor Building – Off. CST Road, Kalina, Santacruz (East), Mumbai – 400098
Website: http://www.miraeassetmf.co.in
Registrar & Transfer Agent:
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: www.karvymfs.com
*Post your MF questions @ sahifund.com/ask-me/
IPO Details & Guidance @ chanakyanipothi.com