ZERODHAAMC - GOLDCASE ETF

About Zerodha GOLD ETF

• The Zerodha Gold ETF is an exchange-traded fund that focuses on investing in gold.
• The ETF is managed by a Zerodha Mutual Fund House.
• The Zerodha Gold ETF was launched on February 26, 2024.
• The assets under management of the ETF stood at ₹60.02 crore as of June 30, 2024.
• Shyam Agarwal is the fund manager of the Zerodha Gold ETF.
• The ETF is traded on both stock exchanges 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 Zerodha Gold ETF investment objective is 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 Zerodha Gold ETF offers a convenient investment option.
• The ETF allows investors to own or trade gold without the need to physically own the precious metal. It can be traded just like equity stocks thus offering liquidity and easy access.
• A major advantage of investing in this gold ETF is that it helps diversify your investment portfolio. Gold tends to move differently from other asset classes like stocks and bonds in times of market volatility.
• The ETF’s performance closely follows the price of gold, but it can be affected by market fluctuations and various fund-related expenses.
• Gold is generally considered a tool for hedging against inflation and economic uncertainty.
• Zerodha Gold ETF has a high-risk level profile.

Asset allocation & portfolio composition

• The fund allocation of the ETF consists of 97.37% in gold and 2.63% in cash and cash assets.
• The top holding of Zerodha Gold ETF majorly consists of gold around 99.37%.