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Axis MF - Axis Gold ETF
AXISGOLD
₹67.24-₹0.01 (-0.01%) TodayLast updated on 01 Nov, 2024 | 18:59 IST
Axis MF - Axis Gold ETF Chart
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Fund overview
About
Open ₹67.38 | Close ₹67.25 | Volume 4,20,973 | Avg. traded ₹67.17 |
Circuit range ₹53.65 - ₹80.48 | Day range ₹66.65 - ₹68.75 | Year range ₹50.83 - ₹68.75 | |
AUM ₹1,068.15 Cr | ManagersAditya Pagaria | Launch Date 10 Nov 2010 |
Axis MF - Axis Gold ETF
About Axis Gold ETF
- The Axis Gold ETF is an open-ended scheme by Axis Mutual Fund, designed to replicate or track domestic gold prices.
- The fund was launched on November 10, 2010.
- The exchange symbol for the Axis Gold ETF is AXISGOLD.
- The fund has a total of ₹922.31 crore assets under management (AUM) as of June 30, 2024.
- Aditya Pagaria has managed this fund since June 1, 2024.
- The units of the ETF can be bought or sold on the exchange in a minimum lot of one unit and multiples thereof.
- One can invest in the scheme by buying the ETF units directly through a demat account with a registered broker.
Investment Objective and Benchmark
- The Axis Gold ETF’s investment objective is to produce returns that closely mirror gold’s performance.
- Since the ETF primarily invests in gold and seeks to provide returns consistent with gold's performance, it is benchmarked against the Domestic Price of Gold.
- The Axis Gold ETF will invest in gold bullion with a fineness (or purity) of 995 parts per 1,000 (99.5%) or higher to closely align with gold’s performance.
- The fund will also invest in debt and money market instruments to provide liquidity.
- This ETF is suitable for investors seeking capital appreciation over the medium to long term.
- It is also suitable for those who want to invest predominantly in gold and seek returns similar to the performance of gold, subject to tracking error.
- The fund does not incur any exit load, which means investors can redeem their units without having to pay any additional charges or penalties.
- The risk associated with this fund has been categorised as ‘high’. In comparison, the risk associated with the domestic price of gold is categorised as ‘moderately high’.
Asset Allocation and Portfolio Composition
- Gold constitutes 98.36% of the fund’s net assets, reflecting its primary focus on tracking the price of gold.
- Debt, cash and other current assets make up 1.64% of the net assets.
The authorised participants of Axis Gold ETF include:
- Augmont Enterprises Private Limited
- Raksha Bullion
- Abans Broking Services Private Limited
- Riddhi Siddhi Bullion Limited
As of July 31, 2024, the compound annual growth rate (CAGR) for Axis Gold ETF has been 23.14% over one year compared to the benchmark’s 23.55%.
Since its inception, the ETF has delivered a return of 6.39%
Key indicators
Tracking index Price of Gold |
Expense Ratio0.55% |
Tracking error NA |
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Investment checklist: (2/6)
Liquidity
Fund size
Expense Ratio
Tracking error
Returns vs FD Rates
Entry Point
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily
Returns
Returns vs Benchmark
Compare the returns of this fund with
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This ETF
Nifty 50
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Axis MF - Axis Gold ETF Price history
Day | Open | Close | Change % |
---|---|---|---|
Fri, Nov 1 2024 | ₹67.38 | ₹67.03 | -0.33% |
Thu, Oct 31 2024 | ₹67.98 | ₹67.25 | -0.19% |
Wed, Oct 30 2024 | ₹68.27 | ₹67.38 | |
Tue, Oct 29 2024 | ₹64.10 | ₹66.81 | |
Mon, Oct 28 2024 | ₹66.68 | ₹66.08 | |
Fri, Oct 25 2024 | ₹66.40 | ₹65.77 | -0.48% |
Thu, Oct 24 2024 | ₹66.48 | ₹66.09 | -0.69% |
Wed, Oct 23 2024 | ₹64.05 | ₹66.55 |
Composition
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