December 23, 2023
mayank
Tata Gold ETF FoF details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Tata Gold ETF FoF Open Date, Close Date?
NFO opens on January 02, 2024
NFO will close on January 16, 2024
What is the Investment Strategy?
The Scheme to seek to provide returns that are in line with returns provided by Tata Gold Exchange Traded Fund.
Basic Details
| Fund House | Tata Mutual Fund |
| Issue Open | 02 January 2024 |
| Issue Close | 16 January 2024 |
| Type | Open-ended |
| Category | Commodities: Gold |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | For units in excess of 12% of the investment, 1% will be charged for redemption Within 365 days |
| Riskometer | High |
| Benchmark | Domestic Price of Gold |
What is the Benchmark Index?
Traditionally, Gold has been used as money and also served as a relative standard for currency equivalents specific to economic regions or countries, until recent times. India continues to remain world’s second biggest consumer of Gold.
From an overall evaluation it is seen that India has a traditional and stable market for gold consumption. There is increase in demand from Ornamental and Electronic Sectors. Gold is considered a valuable asset, for investments and bank reserves. A huge gap exists between demand and indigenous production which is likely to continue
The market participants engaged in import, exports, domestic trading, and manufacturing of gold and gold jewelleries are exposed to price risk. Commodity derivatives product provide an effective hedging tool much to the advantage of market participants.
Performance Review of the Fund Manager of Tata Gold ETF FoF?
1) Tapan Patel
Education: Mr. Patel has done BBA, CFA and MFA from ICFAI
Experience: Prior to joining Tata Mutual Fund, he has worked with HDFC Securities Ltd, LKP Securities Ltd, Kotak Commodity Services Pvt. Ltd and Edelweiss Comtrade Ltd.
Past Performance of his Schemes
| Fund | Tata Multi Asset Opportunities Fund | It’s Benchmark | Tata Equity Savings Fund | It’s Benchmark |
| 1 Year | 17.37 | 17.56 | 11.65 | 11.86 |
| 3 Year | 16.34 | 16.13 | 9.00 | 9.47 |
| 5 Year | — | — | 8.46 | 9.44 |
| 7 Year | — | — | 7.38 | 9.32 |
| 10 Year | — | — | 7.63 | 9.39 |
Which Company Owns Tata Gold ETF FoF?
Tata Asset Management Private Ltd
Address: 9th Floor, Mafatlal Centre, Nariman Point, Mumbai – 400021
Website: http://www.tatamutualfund.com
Registrar & Transfer Agent:
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Is it good to invest in Tata Gold ETF FoF NFO?
Guidance for Tata Gold ETF FoF by Paresh Gordhandas, C.A., Research Analyst.
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