HDFC Gold Exchange Traded Fund
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|Risk||Moderately High risk|
|Fund Type||Sector - Precious Metals|
More about this fund
|Gold - Gold||98.6%|
About HDFC Gold ETF
Being an open-ended mutual fund scheme, the scheme may invest in gold and gold related instruments and tries to track the spot price of gold. The HDFC Gold ETF funds can be bought and sold on the exchange. This scheme provides the flexibility, liquidity and is tax efficient that comes with stock investment.
Pros and Cons of HDFC Gold ETF
The scheme is suitable for investors seeking: 1. The investments are in a safer investment class. 2. Buying and selling of the scheme is easy and safe. Storing of Gold ETF in demat account unlike physical gold. 3. Investment made in this scheme is a safeguard from inflation and currency fluctuation.
Fund Information and Statistics of HDFC Gold ETF
i) Inception / Launch date
The HDFC Gold ETF was launched on 13th August 2010 by HDFC Mutual Fund.
ii) Risk level
The scheme has a moderately high risk level. With the decline in gold prices the scheme may be affected. Indirect taxes like GST, Customs duty etc would be considered for the valuation of gold, any change in the rates of indirect taxation would affect the scheme.
Investors can buy or sell on a continuous process on all business days on the National Stock Exchange at NAV based prices. The redemption proceeds will be sent to the unit holder within 10 business days from the date of receipt of redemption request.
iv) Fund Manager
Mr.Krishan Kumar Daga is the fund manager of HDFC Gold ETF since October 2015.
v) Entry / Exit load
The entry load for investing in this scheme is not applicable.
Tax benefits of investing in HDFC Gold ETF
Short term gains from this fund is added to the income and are subject to short-term capital gains tax as per the income tax slab the investor fall under. Units which are redeemed after 3 years are subject to long –term capital gains tax and are taxable at 20% with indexation.
About HDFC Mutual Fund
Being one of the leading mutual fund investment companies, HDFC Mutual Fund offers a wide array of mutual fund products for its customers, investors and patrons. The schemes vary from Fund of Funds (FOFs), to liquid fund to equity funds and regular debt fund amongst a wide range of other mutual fund products
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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