Invesco India Gold ETF
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|Risk||Moderately High risk|
|Fund Type||Sector - Precious Metals|
More about this fund
|Gold .995 1kg Bar||98.26%|
|Net Receivables / (Payables)||1.18%|
About Invesco India Gold ETF
The Invesco India Gold ETF is an open-ended, exchange-traded scheme. It tracks the returns of physical gold in the domestic market. It seeks to generate returns which closely correspond to the returns offered by investing in physical gold (subject to tracking error).
Pros & Cons of Invesco India Gold ETF
- The scheme is managed passively with investments in physical gold and endeavors to track its performance and yield.
- As on September 30, 2018, the scheme is not ranked under CRISIL’s Index Funds/ ETFs category.
- Further, it has generated returns of 0.29% per year over the last 5 years and 10.4% per year over the last 3 years (as on January 11, 2019).
Fund Information and Statistics of Invesco India Gold ETF
i) Inception / Launch Date
The scheme was launched on 12 March 2010 by Invesco Mutual Fund.
ii) Risk Level
According to the investment objective and asset allocation of the scheme, it has a Moderately-high risk level associated with it.
Investors can redeem the units directly from the fund house in creation unit size only. Further, the redemption proceeds are dispatched within 10 business days of the receipt of a valid redemption request.
iv) Fund Manager(s)
Mr. Nitish Sikand is the Fund Manager of the Invesco India Gold ETF since April 2007.
v) Entry / Exit Load
There is no entry load or exit load in this scheme.
Tax benefits of investing in Invesco India Gold ETF
The following taxes are applicable to income arising from investing in this scheme:
- STCG from the debt component is added to the investor’s income and taxed as per the income-tax slab.
- LTCG component is taxed at 20% with indexation benefits.
About Invesco Mutual Fund
Invesco Mutual Fund is managed by Invesco Asset Management (India) Limited, having an average asset base of Rs. 23,870.75 crores (for the quarter ending December 2018). The fund house subscribes to sustainable business models and processes which allow it to take into consideration the dynamism of businesses in the fast-changing markets. It offers best-in-class investment products to investors.
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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