BARODABNP - BBNPPGOLD ETF
BBNPPGOLD
BARODABNP - BBNPPGOLD ETF Chart
Fund overview
Open ₹74.65 | Close ₹74.65 | Volume 1,368 | Avg. traded ₹75.39 |
Circuit range ₹58.90 - ₹88.30 | Day range ₹74.60 - ₹75.75 | Year range ₹54.00 - ₹80.00 | |
AUM ₹76.41 Cr | ManagersGurvinder Wasan, +1 more | Launch Date 13 Dec 2023 |
About Baroda BNP Paribas Gold ETF
-
The Baroda BNP Paribas Gold ETF is an open-ended exchange-traded fund that mirrors or tracks the price of gold.
-
The fund’s inception date is December 13, 2023.
-
It is a component of the Baroda BNP Paribas Mutual Fund house, which was established post a collaboration between the European financial services major BNP Paribas and Bank of Baroda.
-
The fund is listed on both the National Stock Exchange (NSE) and BSE, with the exchange symbol BBNPPGOLD.
-
Vishnu Soni is managing this fund since December 2023.
-
As of June 30, 2024, the assets under management (AUM) stood at ₹68.65 crore.
-
The ETF units can be bought and sold, just like equities, during the usual market hours.
-
One can invest in the scheme directly through a demat account with a registered broker.
Investment Objective and Benchmark
- The benchmark for the Baroda BNP Paribas Gold ETF is the domestic price of gold, as the scheme invests in physical gold and gold-related instruments.
- Its investing goal is to yield returns that, before costs, roughly match the domestic gold price.
- The Baroda BNP Paribas Gold ETF is subject to tracking errors, fees and expenses, and the fund does not attract any exit load.
- The fund is appropriate for those looking to invest in physical gold and achieve returns that track the domestic price of gold.
- The fund is intended for long-term investment.
- Gold is considered as a hedge against inflation and deflation and has historically offered stable growth even during market slowdowns.
- According to SEBI’s guidelines for calculating risk grades, investment in the Baroda BNP Paribas Gold ETF is classified under the high risk category.
Asset Allocation and Portfolio Composition
- The Baroda BNP Paribas Gold ETF allocates between 95% and 100% of its total assets to physical gold and gold-related instruments.
- The remaining 0% to 5% is allocated to debt instruments, units of debt mutual fund schemes, money market instruments and cash & cash equivalents.
The fund’s current allocation with the portfolio weight includes:
- Gold: 96.95%
- TREPS/reverse repo: 0.51%
- Net receivables: 2.54%
In terms of performance, the Baroda BNP Paribas Gold ETF has achieved a compound annual growth rate (CAGR) of 32.39% since its inception (December 13, 2023).
During the same period, the domestic price of gold achieved a CAGR of 34.48%.
Key indicators
Tracking index Price of Gold |
Expense Ratio0.48% |
Tracking error NA |
Learn more
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
This ETF
Nifty 50
Learn more
BARODABNP - BBNPPGOLD Price history
Day | Open | Close | Change % |
---|---|---|---|
Tue, Nov 19 2024 | ₹72.00 | ₹74.65 | |
Mon, Nov 18 2024 | ₹69.45 | ₹73.80 | |
Thu, Nov 14 2024 | ₹72.95 | ₹72.60 | -1.89% |
Wed, Nov 13 2024 | ₹73.90 | ₹74.00 | |
Tue, Nov 12 2024 | ₹75.75 | ₹73.90 | -2.44% |
Mon, Nov 11 2024 | ₹76.40 | ₹75.75 | -0.79% |
Fri, Nov 8 2024 | ₹76.05 | ₹76.35 | |
Thu, Nov 7 2024 | ₹77.50 | ₹75.60 | -2.45% |