LIC MF - LIC Gold ETF
LICMFGOLD
₹6,999.90-₹19.40 (-0.28%) TodayLast updated on 11 Nov, 2024 | 15:23 IST
LIC MF - LIC Gold ETF Chart
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Fund overview
About
Open ₹7,050.95 | Close ₹7,019.30 | Volume 461 | Avg. traded ₹6,996.62 |
Circuit range ₹5,588.80 - ₹8,383.10 | Day range ₹6,981.10 - ₹7,050.95 | Year range ₹5,451.00 - ₹7,585.95 | |
AUM ₹150.52 Cr | ManagersSumit Bhatnagar | Launch Date 16 Nov 2011 |
LIC MF - LIC Gold ETF
About LIC MF GOLD ETF
- The LIC MF Gold ETF is an exchange-traded fund focusing on investment in gold. The ETF is managed by an LIC Mutual Fund house.
- The LIC MF ETF was launched on August 14, 2012.
- The scheme’s assets under management stood at ₹54.4 crore as of July 31, 2024.
- Sumit Bhatnagar is the fund manager of the LIC MF ETF.
- The ETF is traded on both BSE and NSE like a stock, which provides liquidity and flexibility for investors.
- It can be bought and sold during market hours at prevailing market prices through a demat account.
Investment Objective & Benchmark
- The LIC MF Gold ETF is designed to deliver returns that closely mirror the performance of physical gold in the domestic market.
- This ETF is benchmarked against the daily spot price of gold in the domestic market, which reflects the current trading value of gold.
- This means that the ETF's performance is intended to align with the price changes of gold as set by this daily spot-fixing.
- For investors looking to benefit from gold's long-term performance, the LIC MF Gold ETF offers a convenient investment option.
- LIC MF Gold ETF has a high-risk level profile.
- The ETF allows investment in gold without the need to buy and store physical gold.
- Investors can trade this ETF on stock exchanges, which provides both liquidity and ease of access.
- Gold often behaves differently from other asset classes, such as stocks and bonds, providing additional stability and balance to your overall investment strategy.
- Gold is generally considered a valuable asset for hedging against inflation and economic uncertainty.
Asset allocation & portfolio composition
- The fund allocation of the ETF consists of 98.75% in gold and 1.25% in cash and cash assets.
- The holding in LIC MF Gold ETF majorly consists of gold around 98.75%.
- Since its inception, the ETF has given an annualised return of 6.27%, as of July 31, 2024.
- In a single year, the LIC MF Gold ETF has given a return of 15.36% compared to its benchmarked returns of 15.88% as of July 31, 2024.
Key indicators
Tracking index Price of Gold |
Expense Ratio0.39% |
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
NIFTY 50
This ETF
Nifty 50
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LIC MF - LIC Gold ETF Price history
Day | Open | Close | Change % |
---|---|---|---|
Fri, Nov 8 2024 | ₹7,039.75 | ₹7,019.30 | |
Thu, Nov 7 2024 | ₹7,090.95 | ₹6,969.40 | -2.13% |
Wed, Nov 6 2024 | ₹7,150.05 | ₹7,120.75 | -0.19% |
Tue, Nov 5 2024 | ₹7,138.85 | ₹7,134.20 | -0.07% |
Mon, Nov 4 2024 | ₹7,221.95 | ₹7,138.85 | -0.38% |
Fri, Nov 1 2024 | ₹7,279.95 | ₹7,166.25 | -1.21% |
Thu, Oct 31 2024 | ₹7,319.90 | ₹7,254.30 | -0.94% |
Wed, Oct 30 2024 | ₹7,276.75 | ₹7,323.15 |
Composition
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Frequently asked questions
What is the LIC MF - LIC Gold ETF share price today?
LIC MF - LIC Gold ETF share price is ₹ 6,999.90 today.
What is today’s high & low share price of LIC MF - LIC Gold ETF?
LIC MF - LIC Gold ETF share price high: ₹ 7,050.95 and low: ₹ 6,981.10
What is Assets Under Management (AUM) of LIC MF - LIC Gold ETF shares today on the NSE?
LIC MF - LIC Gold ETF Assets Under Management (AUM) of ₹ 150.52 Crores.
What is the LIC MF - LIC Gold ETF share price high and low in the last 52 weeks on the NSE?
52 Week share High Price is ₹ 7,585.95 and Low Price is ₹ 5,451.00
What is the LIC MF - LIC Gold ETF Stock Symbol?
The LIC MF - LIC Gold ETF Stock symbol is LICMFGOLD.
Can I buy LIC MF - LIC Gold ETF shares on Holidays?
No, shares of LIC MF - LIC Gold ETF or any other publicly traded company cannot be bought or sold on holidays when the stock exchanges are closed. You can only buy or sell LIC MF - LIC Gold ETF shares on days when the stock exchanges are open for trading. It's important to check the NSE & BSE holidays calendar, before placing any trades to avoid any inconvenience.