HDFC Mutual Fund "HDFC Gold Exchange Traded Fund", an open ended Gold Exchange Traded Fund (ETF). The minimum investment amount of the scheme is Rs 5,000.
Investment Objective — HDFC Gold Exchange Traded Fund
The investment objective of the Scheme is to generate returns that are in line with the performance of gold (and gold related instruments including derivatives, subject to tracking errors
HDFC Gold Exchange Traded Fund – Asset Allocation
The scheme will invest 90 –100 percent in gold bullion with medium to high risk profile. The scheme is also likely to invest up to 10 percent in debt securities and money market Instruments with low risk profile.
Load Structure of HDFC Gold Exchange Traded Fund
The scheme will not charge any entry and exit load. The scheme will be benchmarked against domestic price of physical gold.
Minimum investment — HDFC Gold Exchange Traded Fund
An investor has to invest a minimum of Rs 5000 and any amount thereof. The face value
is Rs. 100 and it will be issued at a premium equivalent to the difference between the allotment price and the face value. Each unit is approximately equal to one gram of gold.
Fund Manager of HDFC Gold Exchange Traded Fund
Mr Anil Bamboli is the fund manager of HDFC Gold Exchange Traded Fund. He has over 14 years of experience in Fund Management and research. He has rich experience in managing income schemes and equity schemes.
Investment rationale — HDFC Gold Exchange Traded Fund
Investors, who missed the opportunity to invest in gold, can invest in HDFC Gold Exchange Traded Fund. Many analysts still feel that lot of steam is still left for upward price movement in gold.
