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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
  • Returns
  • Composition
  • More

Fund overview

About
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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

Managers

Aditya 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

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Tracking index
Price of Gold

Expense Ratio

0.55%
Tracking error
NA

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Investment checklist: (2/6)
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Liquidity

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Fund size

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Expense Ratio

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Tracking error

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Returns vs FD Rates

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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
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  • ETF returns
  • Rolling returns
Compare the returns of this fund with
NIFTY 50
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This ETF

Nifty 50

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Axis MF - Axis Gold ETF Shareholder returns

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1 day
-0.33%
1 week
+1.92%
1 month
+4.73%
3 months
+12.69%
1 year
+29.25%
3 years
+62.69%
5 years
-98.03%

Axis MF - Axis Gold ETF Price history

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DayOpenCloseChange %
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
+0.85%
Tue, Oct 29 2024
₹64.10
₹66.81
+1.10%
Mon, Oct 28 2024
₹66.68
₹66.08
+0.47%
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
+0.79%

Composition

Frequently asked questions