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Unrated

IDBI Gold Exchange Traded Fund


1 Lakh

Investment Grown to
₹ 1.27 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.43 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 8.78 -1.35 4.30 6.31 12.54 9.99 27.28 12.38 9.07 4.56 --
Domestic Price of Gold 10.64 4.38 6.35 8.04 13.52 11.96 30.24 13.55 10.21 5.59 --
Commodities: Gold 9.36 -1.23 4.64 6.86 12.94 11.67 27.40 11.93 8.56 4.13 --
Rank within category 14 13 12 16 12 20 14 3 2 1 --
Number of funds in category 21 21 21 21 21 21 21 21 21 21 5

As on 25-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 12.21 (21-Aug-2013 - 28-Aug-2013) -13.18 (10-Apr-2013 - 17-Apr-2013)
Month 24.76 (29-Jul-2013 - 28-Aug-2013) -15.07 (28-Aug-2013 - 27-Sep-2013)
Quarter 28.63 (29-May-2013 - 28-Aug-2013) -19.36 (04-Sep-2013 - 04-Dec-2013)
Year 33.09 (27-Aug-2018 - 27-Aug-2019) -19.91 (28-Aug-2013 - 28-Aug-2014)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 11.33 11.51 0.49 0.82 0.97 -0.38
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 2 9 2 5 12 4
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


-1.35%

Change from previous, NAV as on 25-Feb-2020

Growth: ₹ 4,006.5074


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 in domestic market. The reason for performance variance of the scheme from that of domestic price of gold may be due to expense and other related factors.

Investment Details

Minimum Investment (₹) 10,000
Minimum Addl Investment (₹) --
Minimum SIP Investment (₹) --
Minimum No of Cheques --
Minimum Withdrawal (₹) --
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: IDBI Mutual Fund
Launch Date: 09-Nov-2011
Return Since Launch: 3.74%
Benchmark: Domestic Price of Gold
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 70 Cr (As on 31-Jan-2020)
Expense: 0.35% (As on 31-Jan-2020)
Risk Grade: --
Return Grade: --
Turnover: --

Contact Information

AMC: IDBI Asset Management Ltd.

Address: 4th Floor, IDBI Tower, WTC Complex, Cuffe Parade, Colaba, Mumbai - 400005

Phone: 022-66442800 / 1800-419-4324

Fax: 022-66442801

Email: [email protected]

Website: www.idbimutual.co.in

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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