Mirae Asset Gold ETF - Growth
Unrated
NAV as of Sep 29, 2023
57.55-0.27%
- Growth - Regular
(Earn upto 0.00% Extra Returns with Direct Plan)
Fund Category:
Commodities: Gold
Expense Ratio:
0.34%(0.49% Category
average)Fund Size:
Rs. 16.69 Cr(0.13% of Investment in Category)
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Mirae Asset Gold ETF - Growth
Unrated
NAV as of Sep 29, 2023
57.55-0.27%
Expense Ratio:
0.34%
Fund Size:
Rs. 16.69 Cr
Fund Category:
Commodities: Gold
Mirae Asset Gold ETF - Growth Fund Key Highlights
1. Current NAV: The Current Net Asset Value of the Mirae Asset Gold ETF as of Sep 29, 2023 is Rs 57.55 for Growth option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 1.8% (since launch). Whereas, Category returns for the same time duration are: 13.88% (1yr), 3.74% (3yr) and 12.55% (5yr).
3. Fund Size: The Mirae Asset Gold ETF currently holds Assets under Management worth of Rs 16.69 crore as on Aug 31, 2023.
4. Expense ratio: The expense ratio of the fund is 0.34% for Regular plan as on Aug 31, 2023.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 0. Minimum SIP investment is Rs 0.
1. Current NAV: The Current Net Asset Value of the Mirae Asset Gold ETF as of Sep 29, 2023 is Rs 57.55 for Growth option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 1.8% (since launch). Whereas, Category returns for the same time duration are: 13.88% (1yr), 3.74% (3yr) and 12.55% (5yr).
3. Fund Size: The Mirae Asset Gold ETF currently holds Assets under Management worth of Rs 16.69 crore as on Aug 31, 2023.
4. Expense ratio: The expense ratio of the fund is 0.34% for Regular plan as on Aug 31, 2023.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 0. Minimum SIP investment is Rs 0.
Mirae Asset Gold ETF - Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns -2.71 -0.40 -3.27 - - - Category Avg -2.68 -0.31 -3.60 13.88 3.74 12.55 Rank within Category 10 12 4 - - - No. of funds within Category 25 25 24 21 20 20 - Loading...
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Return Comparison
- This Fund
- BenchmarkAxis Gold-G
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Mirae Asset Gold ETF - Growth Fund Details
Investment Objective - The scheme seeks to generate returns that are in line with the performance of physical gold in domestic prices, subject to tracking error. The Scheme does not guarantee or assure any returns.
| Fund House | Mirae Asset Mutual Fund |
| Launch Date | Feb 20, 2023 |
| Benchmark | Domestic Price of Gold |
| Return Since Launch | 1.8% |
| Riskometer | High |
| Type | Open-ended |
| Risk Grade | - |
| Return Grade | - |
Mirae Asset Gold ETF - Growth Investment Details
| Minimum Investment (Rs.) | 5,000.00 |
| Minimum Additional Investment (Rs.) | - |
| Minimum SIP Investment (Rs.) | - |
| Minimum Withdrawal (Rs.) | - |
| Exit Load | 0% |
Portfolio Allocation
| Name | Type of Instrument | Weight (%) |
|---|---|---|
| Repo | Repo | 2.78 |
| Net Receivables | Net Receivables | 1.36 |
| Gold | Gold | 95.86 |
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Mirae Asset Gold ETF - Growth 57.55 Unrated 16.69 -2.71 - - - Axis Gold Fund-Growth 17.49 333.01 -2.38 14.30 3.92 12.80 LIC MF Gold ETF FoF-Growth 15.54 44.06 -2.24 13.64 4.56 12.09 SBI Gold Fund-Growth 17.42 1,395.32 -2.75 14.03 3.64 12.67 Quantum Gold Savings Regular - Growth 22.51 91.40 -2.49 13.88 3.49 12.41
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Risk Ratio data not available for this fund
Mirae Asset Mutual Fund News
Fund Manager
- A.U.Akshay UdeshiSince Aug 20233 schemes
Mr. Udeshi has done B.E (Electronics) and MBA (Finance) Prior to joining Mirae Asset Mutual Fund, he was assocaited with Reliance Retail Ltd. and L&T Financial Services
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Mirae Asset Nifty 100 ESG Sector Leaders ETF - Growth Thematic-ESG 32.33 Unrated 134.44 13.23 Mirae Asset Nifty 100 ESG Sector Leaders FoF Regular - Growth Thematic-ESG 14.23 Unrated 112.69 12.56 Mirae Asset Silver ETF - Growth Silver 71.62 Unrated 13.44 -
More Mirae Asset Mutual Fund
| Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| Mirae Asset Large Cap Fund Regular- Growth | 35,880.14 | -0.14 | 7.10 | 12.66 | 11.30 | 18.67 | |
| Mirae Asset Emerging Bluechip Fund Regular-Growth | 27,948.25 | 2.13 | 12.78 | 19.20 | 16.02 | 24.19 | |
| Mirae Asset Tax Saver Fund Regular-Growth | 17,418.71 | 0.97 | 10.45 | 17.22 | 15.79 | 23.43 | |
| Mirae Asset Midcap Fund Regular - Growth | 11,359.71 | 4.16 | 18.31 | 25.68 | 20.27 | 31.96 | |
| Mirae Asset Cash Management Fund - Growth | 9,815.88 | 0.56 | 1.69 | 3.53 | 6.71 | 4.61 | |
| Mirae Asset Focused Fund Regular - Growth | 9,265.50 | 1.40 | 8.02 | 12.93 | 10.02 | 20.04 | |
| Mirae Asset Hybrid Equity Fund Regular-Growth | 7,777.52 | 0.14 | 6.68 | 13.08 | 12.42 | 16.95 | |
| Mirae Asset Great Consumer Fund Regular-Growth | 2,552.57 | 0.92 | 9.32 | 22.66 | 17.89 | 24.49 | |
| Mirae Asset Healthcare Fund Regular - Growth | 1,796.39 | 0.75 | 17.35 | 26.74 | 17.88 | 15.98 | |
| Mirae Asset NYSE FANG+ ETF - Growth | 1,642.91 | -2.03 | 7.10 | 44.34 | 54.04 | - |
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About Mirae Asset Gold ETF - Growth
1. Mirae Asset Gold ETF is Open-ended Gold Commodities scheme which belongs to Mirae Asset Mutual Fund House.
2. The fund was launched on Feb 20, 2023.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate returns that are in line with the performance of physical gold in domestic prices, subject to tracking error. The Scheme does not guarantee or assure any returns. "
2. It is benchmarked against Domestic Price of Gold.
Tax Implications on Mirae Asset Gold ETF - Growth
1. If units are redeemed within 3 years of investment, the whole amount of gain will get added to the investor's income and will be taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering down one's capital gains which brings down the taxable income and thereby reduces taxes on it.
3. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
4. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
1. Mirae Asset Gold ETF is Open-ended Gold Commodities scheme which belongs to Mirae Asset Mutual Fund House.
2. The fund was launched on Feb 20, 2023.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate returns that are in line with the performance of physical gold in domestic prices, subject to tracking error. The Scheme does not guarantee or assure any returns. "
2. It is benchmarked against Domestic Price of Gold.
Tax Implications on Mirae Asset Gold ETF - Growth
1. If units are redeemed within 3 years of investment, the whole amount of gain will get added to the investor's income and will be taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering down one's capital gains which brings down the taxable income and thereby reduces taxes on it.
3. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
4. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
FAQs about Mirae Asset Gold ETF - Growth
- Is it safe to invest in Mirae Asset Gold ETF?As per SEBI’s latest guidelines to calculate risk grades, investment in the Mirae Asset Gold ETF comes under High risk category.
- What is the category of Mirae Asset Gold ETF?Mirae Asset Gold ETF belongs to the Commodities : Gold category of funds.
- How Long should I Invest in Mirae Asset Gold ETF?The suggested investment horizon of investing into Mirae Asset Gold ETF is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Mirae Asset Gold ETF?The Mirae Asset Gold ETF is managed by Akshay Udeshi (Since Aug 28, 2023).
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