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Axis Gold ETF

Axis Gold ETF
Dividend Yearly
NA
Category
Equity - ETF
52-week NAV high
2,980.47  (As on 20-02-2019)
52-week NAV low
2,604.67  (As on 16-08-2018)
Expense
1.11%  (As on 31-07-2018)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns -1.17 -3.22 -2.00 -0.40 1.78 0.05 2.24 0.65 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
Nov 10, 2010
Last Dividend
NA
Minimum Investment
5000

Axis Gold ETF is an open-ended scheme offered by Axis Mutual Fund and managed by Axis Asset Management Company Limited. It is benchmarked against the domestic price of gold and is a good investment option for those who want capital growth between the medium and long term.

Investment Objective of Axis Gold ETF

Axis Gold ETF aims to generate returns that are closely commensurate with the performance of gold, and provide capital appreciation to investors over the medium to long term through investments primarily in gold.

Key Features of Axis Gold ETF

Here are some of the key features of Axis Gold ETF:

Type of Fund Open-ended scheme
Plans Available None
Options Under Each Plan None
Systematic Investment Plan Available
Systematic Transfer Plan Not Available
Systematic Withdrawal Plan Not Available

Investment Amount for Axis Gold ETF

Minimum Application Amount Only Large Investors and Authorised Participants can make subscriptions to units of the scheme during the ongoing offer. Both sets of investors can make subscriptions only in ‘Creation unit’ size, and the minimum number of units that can be subscribed to is 1,000 units and in multiples thereof.
Minimum Additional Investment -
Minimum Instalment for Systematic Investment Plans -
Minimum Instalment for Systematic Withdrawal Plan -
Entry Load Not Applicable
Exit Load Nil

Asset Allocation for Axis Gold ETF

Instruments Allocations (Percentage of total assets) Risk Profile
Gold 95% to 100% Medium
Money market securities 0% to 5% Low to Medium

Who can Invest in Axis Gold ETF?

The following entities can make investments in Axis Gold ETF:

  • Resident Indians who have attained the age of 18 years
  • Minors via their parents or legal guardians
  • Persons of Indian Origin (PIOs) or Non-Resident Indians (NRIs)
  • Proprietorship through the sole proprietor
  • Limited Liability Partnerships
  • Partnership firms through partner/s
  • Banks (inclusive of Regional Rural Banks and Co-operative Banks)
  • Charitable and religious trusts, endowments and wakfs of private trusts, and private trusts with the authority to make investments in mutual funds as per their trust deeds
  • Corporate bodies, companies, public sector undertakings, bodies of individuals or association of persons, and societies that have been registered under the Societies Registration Act, 1860
  • Hindu Undivided Families via their kartas
  • Financial institutions and banks (including regional rural banks and co-operative banks)
  • Foreign Institutional Investors who have been registered with the Securities and Exchange Board of India
  • Foreign Portfolio Investors who have been registered with the Securities and Exchange Board of India
  • Industrial and scientific research organisations
  • Air force, army, navy and other para-military funds and institutions that are eligible to invest in the scheme
  • Gratuity or pension or provident or other funds that have the permission to make investments in the scheme
  • International Multilateral Agencies with the approval of the Reserve Bank of India or the Government of India
  • Sponsor, Asset Management Company or Trustee or their associates
  • Other schemes offered by the fund house provided they meet the criteria set by the Securities and Exchange Board of India

NAV Disclosure and Benchmark for Axis Gold ETF

The NAV of Axis Gold ETF will be calculated on a daily basis and declared in a minimum of two newspapers that are circulated across India. The NAV shall also be updated on the website of the mutual fund in addition to the website of the Association of Mutual Funds in India. Investors can also check the NAV by calling 1800221322 or 180030003300 between Monday and Friday from 8:00 a.m. to 7:00 p.m. and from 9:00 a.m. to 6:00 p.m. on Saturday.

The following is the formula used to compute the NAV of Axis Gold ETF:

(Fair Value or Market Value of the Scheme’s investment + Current Assets - Current Liabilities and Provisions) / Number of units outstanding under the scheme

Benchmark Index of Axis Gold ETF:

The benchmark adopted by Axis Gold ETF is the domestic price of physical gold.

Axis Gold ETF Fund Manager

Axis Gold ETF is being managed by Mr. Devang Shah, who has been managing the scheme for over a year now. Mr. Shah has over 14 years of experience in the mutual fund industry and manages a number of other scheme for the fund house, such as Axis Income Fund, Axis Short Term Fund, Axis Enhanced Arbitrage Fund, Axis Treasury Advantage Fund, Axis Income Saver Fund, etc.

Investment Restrictions of Axis Gold ETF

The following are some of the major investment restrictions of Axis Gold ETF:

  • The scheme will invest its corpus in gold in compliance with its investment objective. The only exceptions made in this regard will be if additional investment is absolutely necessary to meet the scheme’s liquidity requirements for honouring redemptions or repurchases.
  • The scheme will refrain from making investments in unlisted securities of group or associate companies of the sponsor.
  • The scheme will not make investments in securities that are issued by way of private placement by the sponsor’s group or associate companies.
  • Units of the scheme can be transferred to another scheme in the same mutual fund if the transfers that are being made are done at the current market price on spot basis.
  • The scheme shall refrain from making investments in fund of funds schemes.
  • The scheme will not advance any loans.

Dividend Policy of Axis Gold ETF

Axis Gold ETF shall not declare any dividends.

Why you should invest in Axis Gold ETF

Axis Gold ETF can be a good investment option for those who want to create wealth through capital appreciation in the medium to long term. To achieve its goals, the scheme makes investments primarily in gold. Although the risk factor associated with the scheme is moderately high, the potential to generate returns over a period of time is also quite good, thereby making it an attractive investment option for those who seek income in the long term.

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Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

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