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Dividend Yearly
Equity - ETF
52-week NAV high
3,032.72  (As on 20-02-2019)
52-week NAV low
2,635.63  (As on 16-08-2018)


1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns -6.12 1.65 2.43 4.08 4.14 1.23 4.12 0.85 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Launch Date
Apr 10, 2007
Last Dividend
Minimum Investment

UTI Mutual Fund is managed by UTI Asset Management Company Ltd. (UTI AMC) which has completed 50 years in the Indian financial services segment. The AMC was the only vehicle of investment in the capital markets for Indians till the early ‘90s. UTI Mutual Fund has over 150 branches across the country and around 1 crore investor accounts.

The UTI Gold Exchange Traded Fund is an open-ended exchange traded fund (ETF) that passively tracks the performance of gold bullion. Since it is an ETF, it offers investors an investment opportunity and real time NAV (Net Asset Value) during trading hours.

Investment Objective:

To generate returns for the investor that closely mimics the yield and performance of gold. The scheme’s performance may be subject to tracking errors.

Key Features of the Scheme:

The UTI Gold Exchange Traded Fund is ideal for investors who wish to invest in gold and its related securities. Below are some features of the scheme:

Type of fund An open-ended exchange-traded fund
Risk Moderately High
Entry Load Not Applicable
Exit Load Nil
Minimum Application Amount On the stock exchange: Minimum 1 unit Directly with the mutual fund: At least 1 creation unit

Asset Allocation for UTI Gold Exchange Traded Fund:

Instruments Percentage of total assets Risk Profile
Minimum Maximum
Gold bullion and other gold-related securities 95% 100% Medium
Deb and money market securities 0% 5% Low

Who can invest in units of UTI Gold Exchange Traded Fund?

The below-mentioned persons/entities are eligible to subscribe to the units of the UTI Gold Exchange Traded Fund:

  • Resident individual/Non-Resident Indian (NRI)/Persons of Indian Origin (PIO) staying abroad either singly or jointly
  • Parent or legal guardian on behalf of NRI or resident minor
  • Hindu Undivided Family (resident and non-resident)
  • A Body of Individuals or an Association of Persons
  • Financial Institutions
  • Banks including regional rural banks, scheduled banks, and cooperative banks
  • Partnership firms
  • SEBI registered Foreign Portfolio Investor
  • Mutual fund schemes registered with SEBI
  • Corporate bodies formed under the Companies Act, 1956

NAV Disclosure and Benchmark for UTI Gold Exchange Traded Fund:

The Net Asset Value (NAV) for this scheme is calculated by dividing the net assets of the scheme by the number of units that are outstanding on the date of valuation. The fund house will compute the NAV of the scheme at the end of every business day and it will be rounded off to 4 decimal places.

The scheme’s NAV will be sent for publication to at least 2 newspapers which are circulated daily and countrywide, on each business day. The website of UTI Mutual Fund ( and the AMFI ( will also display the NAV by 9:00 p.m. on each business day.

Liquidity: The units of the UTI Gold Exchange Traded Fund can be purchased/sold on the National Stock Exchange (NSE) or any other exchange on which it is listed, in demat form like any other stock. Units can be created or redeemed in creation unit size at NAV based prices.

Benchmark: Price of Gold

Fund Manager:

Mr. Rajeev Gupta

The UTI Gold Exchange Traded Fund is managed by Mr. Rajeev Gupta. He is the Executive Vice President of UTI AMC which he joined in July 1989. Since 2005, Mr. Gupta is responsible for monitoring investments, executing investment decisions and corporate actions, etc. Besides the UTI Gold Exchange Traded Fund, he also manages the UTI Arbitrage Fund.

Investment Restrictions on UTI Gold Exchange Traded Fund:

The below-given investment restrictions will apply to the units of UTI Gold Exchange Traded Fund as laid down by the Securities and Exchange Board of India (SEBI):

  • The scheme will invest only in gold or its related securities so as to comply with its investment objective. This restriction can be relaxed in cases of liquidity requirements for honouring redemptions or repurchases.
  • The scheme can invest in short-term deposits of scheduled commercial banks.
  • The scheme is not permitted to accept underwriting obligations as well as sub-underwriting obligations.
  • The scheme cannot advance any loans for any purpose.
  • The scheme is not allowed to park above 15% of the net assets in deposits of a short-term nature, from all the scheduled commercial banks put together.
  • If the funds are parked in short-term deposits, it cannot be more than 20% of the mutual fund’s total deployment.
  • The scheme is not allowed to borrow except to fulfil liquidity requirements and the borrowing cannot exceed above 20% of the scheme’s assets. Such borrowing cannot exceed 6 months duration.

Dividend Policy of UTI Gold Exchange Traded Fund:

The scheme will not offer any dividends under normal conditions. However, if the Trustee decides to distribute dividends, the warrants will be dispatched within 30 days from the dividend declaration date.

Why you should invest in UTI Gold Exchange Traded Fund:

  • Easy trading - The purchase and sale of units of UTI Gold Exchange Traded Fund are easy and follow the same procedure as trading in equities. 1 unit of gold ETFs is equivalent to 1 gram of gold and to invest in a gold ETF, investors can approach a stockbroker or fund manager.
  • Transactions are easier - Units of UTI Gold Exchange Traded Fund can be bought and sold at any time provided that the stock exchange is open. Since GST rates do not apply to gold ETFs, units can be bought from any part of India.
  • Economical - As there is no entry or exit system involved in the trading of gold ETFs, you will not need to pay any load charges. Only 0.5% to 1% of the brokerage fee needs to be paid during purchase or sale of units.
  • Safe investment option - There is no chance of theft in gold ETFs and since gold rates do not often fluctuate, it is a risk-free investment option.
  • Can be used as a security collateral - Like physical gold can be pledged as security while borrowing money from financial institutions, the same can be done with a gold ETF units.
  • Tax benefits - Since gold ETFs do not attract wealth tax or securities transaction tax, investors can enjoy long-term capital gains.

Portfolio diversification - If you wish to diversify your investment portfolio, gold ETFs can be a good bet. A diversified portfolio will offer better returns during unstable market situations by hedging the risks.

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