Axis Gold Exchange Traded Fund
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|Risk||Moderately High risk|
|Fund Type||Sector - Precious Metals|
More about this fund
|Gold .995 1kg Bar||97.8%|
About Axis Gold ETF Fund
Axis Gold ETF fund is a scheme aimed at generating returns that are in line with the performance of gold. The fund manager aims to generate long term capital appreciation by investing predominantly in gold in order to generate returns similar to the performance of gold, subject to tracking error.
Pros & Cons of Axis Gold ETF
Axis Gold ETF offers the following benefits: 1. Gold ETFs are funds of open ended nature; hence investors can any time do buying and selling units of gold ETF. 2. The Fund Manager invests all of its funds in gold, except to meet its liquidity requirements. So gold performance is mirrored broadly. 3. Returns might not beat the indices but guarantee a steady return over a long term keeping the capital secure.
Certain drawbacks of Axis Gold ETF: 1. Since these funds follow gold prices, if gold prices decline due to macro-economic factors, gold ETFs will also decline. 2. Gold ETFs are not instruments to beat or outperform gold prices. 3. Many experts feel rather than choosing gold ETFs, accumulation of gold for long term is easy. It is the safest way and there is no question of purity.
Fund Information and Statistics of Axis Gold ETF Fund
i) Inception / Launch date
Axis Gold ETF Fund was launched on Nov 10, 2010 by Axis Mutual Funds AMC.
ii) Risk level
Being a gold price linked mutual fund, this fund is a moderately high risk bet and suitable for investors who have a long-term investment horizon of more than 5 years.The fund carries risks associated with investing in gold and money market instruments.
Redemption of Units will be done by a repurchase/buyback by the fund house. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days from date of receipt of request.
iv) Fund Manager
Mr. Devang Shah has been managing the fund since 7th June 2016. He has an overall fund management experience of 13 years.
v) Entry / Exit load
The fund house does not charge any entry load and exit load for investing in this fund.
Tax benefits of investing in the fund
The Short-term capital gain tax will be levied on unitholders as per the income tax slab rate if units are held for less than 36 months. A long-term capital gains tax of 20% is applicable with indexation if units are held for more than three years.
About Axis Mutual Fund
Axis Gold ETFs are managed by Axis Mutual Fund AMC launched in October 2009. It has a strong record of performance attributed to the 3 founding principles – long term wealth creation, outside in (Customer) view and Long term relationship.
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All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns