September 22, 2022
mayank
Nippon India ETF Gold BeES
NAV IDCW: Rs 42.6590
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. The reason for performance variance of the scheme from that of domestic price of gold may be due to expense and other related factors.
Nippon India ETF Gold BeES Fund Manager:
1) Vikram Dhawan
Education: Mr Dhawan has done B.E (Mechanical) and PGD Material Management.
Experience: Prior to joining Nippon India Mutual Fund he has worked with Nippon Life India AIF Management Limited, Reliance Capital Limited, Gold Matrix Pte, Vedanta Group, Zee Gold Refinery (Shirpur Gold Refinery), N.M. Rothschild & Sons., Bank of Nova Scotia, Birla Copper (Hindalco) and Synthetics & Chemicals Ltd.
Investment Details
| Min. Investment (Rs) | 10,000 |
| Min. Addl Investment (Rs) | — |
| Min. SIP Investment (Rs) | — |
| Min. Withdrawal (Rs) | 100 |
| Min. No of Cheques | — |
| Min. Balance (Rs) | — |
| Exit Load | 0 |
| Lock-in Period | NA |
Basic Details
| Fund House | Nippon India Mutual Fund |
| Launch Date | 08-Mar-07 |
| Return Since Launch | 10.17% |
| Benchmark | Domestic Price of Gold Index |
| Riskometer | High |
| Type | Open-ended |
| Assets | Rs 6,533 Cr |
| (As on 31-Aug-2022) | |
| Expense Ratio | 0.79% |
| (As on 31-Aug-2022) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 8.00% |
Nippon India ETF Gold BeES Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Nippon Ind ETF Gold BeES | 2.36 | 0.51 | -4.55 | -2.83 | -5.38 | 5.79 | 7.58 | 9.72 | 8.2 | 3.41 |
| Domestic Price of Gold Index | 2.46 | 0.4 | -5.03 | -3.29 | -5.98 | 6.61 | 8.35 | 10.42 | 9.05 | 4.29 |
| Commodities: Gold | 2.47 | 0.48 | -4.11 | -2.72 | -4.39 | 5.93 | 8.14 | 9.71 | 8.16 | 3.2 |
| Rank within category | 16 | 14 | 21 | 12 | 18 | 14 | 18 | 11 | 12 | 6 |
| Number of funds in category | 21 | 22 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 |
Nippon India ETF Gold BeES 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 (%) |
| Nippon Ind ETF Gold BeES | Unrated | 5.79 | 7.58 | 9.72 | 0.79 | 6,533 | 10.17 | — | 15yrs 6mo | 8.00 |
| HDFC Gold Reg | 4 star | 5.67 | 8.82 | 9.17 | 0.54 | 1,359 | 4.12 | 2.00 (180) | 10yrs 10mo | — |
| Kotak Gold Reg | 4 star | 4.68 | 8.71 | 9.97 | 0.54 | 1,318 | 6.22 | 1.00 (365) | 11yrs 6mo | — |
| HDFC Gold ETF Reg | Unrated | 6.08 | 7.63 | 9.71 | 0.59 | 3,158 | 7.62 | — | 12yrs 1mo | — |
| ICICI Pru Gold ETF Reg | Unrated | 6.21 | 7.61 | 9.77 | 0.50 | 3,009 | 7.19 | — | 12yrs 1mo | — |
Chanakya’s Mutual Fund Guidance For Nippon India ETF Gold BeES
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