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DSPAMC - DSPGOLDETF

GOLDETFADD

₹78.00-₹0.40 (-0.51%) TodayLast updated on 01 Nov, 2024 | 18:59 IST

DSPAMC - DSPGOLDETF Chart

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  • Fund overview
  • Returns
  • Composition
  • More

Fund overview

About
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Open
₹80.75
Close
₹78.40
Volume
22,734
Avg. traded
₹78.18
Circuit range
₹62.49 - ₹93.74
Day range
₹77.90 - ₹80.75
Year range
₹59.20 - ₹80.75
AUM
₹556.16 Cr

Managers

Ravi Gehani
Launch Date
28 Apr 2023
DSPAMC - DSPGOLDETF

About DSP Gold ETF (GOLDETFADD)

  • DSP Gold ETF (GOLDETFADD) is an open-ended exchange traded fund (ETF) belonging to DSP Mutual Fund house.
  • The fund, focused on physical gold, was launched on April 28, 2023.
  • The total Assets Under Management (AUM) of the fund is ₹461.48 crore as of June 30, 2024.
  • Since April 2023, Ravi Gehani has been managing the DSP Gold ETF.
  • The fund, which trades under the symbol GOLDETFADD, is listed and traded on the BSE as well as the NSE.
  • The ETF units can be bought and sold directly through a demat account with a registered broker.

Investment objective and benchmark of DSP Gold ETF

  • The fund’s benchmark is the domestic price of physical gold based on London Bullion Market Association (LBMA) gold daily spot fixing price.
  • Taking into consideration possible tracking errors, the fund seeks to provide returns that closely replicate the performance of actual gold at local prices.
  • The tracking error is 0.3%, which suggests that it deviates from its benchmark index only slightly.
  • The ETF seeks to diversify portfolios and possibly improve risk-adjusted returns by taking advantage of gold’s lower correlation with other asset classes.
  • The ETF gains from rising global gold prices and declining currency values. The current environment is beneficial for gold, with the dollar index declining and dovish monetary policies anticipated.
  • A high risk investment instrument, the ETF is suited for individuals looking at a long term investment gold.

Asset allocation and portfolio composition

  • The recommended asset allocation has been set at 95% to 100% in gold and gold-related instruments in order to achieve the fund’s investment objectives. Of the net assets, 97.43% are made up of the total amount of commodities held.
  • The remaining percentage, in cash and cash equivalents, ranges from 0% to 5%.

Top holdings for DSP Gold ETF (as on June 30, 2024):

  • Gold 995: 97.38%
  • Gold 999: 0.05%
  • TREPS / Reverse Repo Investments: 0.09%
  • Cash and cash equivalents: 2.48%

As of June 28, 2024, the ETF had achieved a compound annual growth rate (CAGR) of 15.52% since its inception.

In comparison, the domestic price of physical gold has grown at a CAGR of 15.76% over the same period.

Key indicators

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Tracking index
Domestic Price of Physical Gold TR INR

Expense Ratio

0.48%
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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DSPAMC - DSPGOLDETF Price history

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DayOpenCloseChange %
Fri, Nov 1 2024
₹80.75
₹78.00
-0.51%
Thu, Oct 31 2024
₹78.79
₹78.40
-0.04%
Wed, Oct 30 2024
₹79.17
₹78.43
+1.02%
Tue, Oct 29 2024
₹77.77
₹77.64
+0.71%
Mon, Oct 28 2024
₹77.88
₹77.09
+0.51%
Fri, Oct 25 2024
₹77.27
₹76.70
-0.54%
Thu, Oct 24 2024
₹77.26
₹77.12
-0.52%
Wed, Oct 23 2024
₹77.95
₹77.52
+0.69%

Composition

Frequently asked questions