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Unrated

ICICI Prudential Gold Exchange Traded Fund


1 Lakh

Investment Grown to
₹ 1.29 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.39 Lakh

Analyst's Choice?

Suitability:

Gold funds provide returns closely in-line with the return provided by the price of 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 year over and above the return provided by the price of gold, though the investment cannot be redeemed before a tenure of five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 10.38 4.30 6.23 7.86 13.14 11.41 29.22 12.19 8.95 4.51 --
Domestic Price of Gold 6.00 0.28 2.11 3.90 8.84 6.91 23.04 11.94 9.15 4.88 --
Commodities: Gold 10.73 4.38 6.36 8.19 13.28 13.07 28.93 12.40 8.91 4.30 --
Rank within category 16 15 14 16 15 17 11 17 12 9 --
Number of funds in category 21 21 21 21 21 21 21 21 21 21 5

As on 24-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 12.17 (21-Aug-2013 - 28-Aug-2013) -13.09 (10-Apr-2013 - 17-Apr-2013)
Month 24.67 (29-Jul-2013 - 28-Aug-2013) -15.00 (28-Aug-2013 - 27-Sep-2013)
Quarter 28.59 (29-May-2013 - 28-Aug-2013) -19.23 (04-Sep-2013 - 04-Dec-2013)
Year 47.19 (14-Sep-2010 - 14-Sep-2011) -19.78 (28-Aug-2013 - 28-Aug-2014)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 10.76 11.78 0.43 0.73 0.99 -1.09
Domestic Price of Gold 11.88 11.84 0.53 0.89 -- --
Commodities: Gold 10.80 11.45 0.45 0.78 0.94 -0.73
Rank within category 14 12 16 18 15 19
Number of funds in category 21 21 21 21 21 21

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Jan-2020

Top Holdings

The underlying data is unavailable.

As on 31-Jan-2020

Fund Manager

— Manish Banthia since 17-Sep-2012

Education: Mr. Banthia is B.Com, CA and MBA

Experience: He is associated with ICICI Prudential Asset Management Company since Oct 2005, ICICI Prudential AMC - Fixed Income Investments - Aug 2007 to Oct 2009, ICICI Prudential AMC - New Product Development - Oct 2005 to Jul 2007, Aditya Birla Nuvo Ltd. - From May 2005 to Oct 2005, Aditya Birla Management Corporation Ltd. - From May 2004 to May 2005.

Funds Managed:


4.30%

Change from previous, NAV as on 24-Feb-2020

Dividend: ₹ 39.2581


Investment Strategy

The scheme seeks to provide investment returns that, before expenses, closely track the performance of domestic prices of Gold derived from the London Bullion Market Association (LBMA) AM fixing prices.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) --
Minimum SIP Investment (₹) --
Minimum No of Cheques --
Minimum Withdrawal (₹) --
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 24-Aug-2010
Return Since Launch: 7.98%
Benchmark: Domestic Price of Gold
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 167 Cr (As on 31-Jan-2020)
Expense: 0.70% (As on 31-Jan-2020)
Risk Grade: --
Return Grade: --
Turnover: --

Contact Information

AMC: ICICI Prudential Asset Management Company Ltd

Address: One BKC , A Wing , 13th Floor, Bandra Kurla Complex, Mumbai - 400051

Phone: 022-26525000 / 1800-222-999 / 1800-200-6666

Fax: 022-26528100

Email: [email protected]

Website: www.icicipruamc.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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dateFriday, 28-Feb-2020
time12:30 PM - 01:00 PM