An ETF is an open ended investment scheme which is traded on the stock market like shares and equity instruments. The IDBI Gold Exchange Traded Fund is an ETF which allows investors to take benefits of gold investments without the requirement of buying gold. The fund’s investment objective is to replicate the performance of gold with respect to domestic prices via passive investment strategy by minimising the tracking errors between the underlying asset and the underlying fund.
of IDBI Gold Exchange Traded Fund
Similar to the IDBI Gold Exchange Traded Fund, investors can purchase the units via systematic investment plans. The returns are based on the performance of the IDBI Gold Exchange Traded Fund, IDBI Liquid Fund Scheme of IDBI Mutual Fund, Reverse Repo, Short-Term Fixed Deposits and securities of the Money Market.
What is a gold ETF?
A gold based exchange traded fund are funds which trade on the stock market but are based on the fluctuating price of gold. The principal asset allocated is gold.
Which gold schemes does IDBI offer?
IDBI offers two types of exchange traded funds under its gold scheme - IDBI Gold Fund and IDBI Gold Exchange Traded Fund.
Can I invest via SIP in IDBI Gold Fund?
Yes, you have an option to invest via SIP on a monthly and quarterly basis starting with a minimum amount of ₹500.
How much can I invest on a quarterly basis under the IDBI Gold Fund?
You can invest up to Rs.1500 per quarter for at least 4 quarters, then in multiples of Rs.1 via systematic investment plan.
What is IDBI Gold Exchange Traded Fund?
The IDBI Gold Exchange Traded Fund is an ETF which allows investors to take benefits of gold investments without the requirement of buying gold. An ETF is an open ended investment scheme which is traded on the stock market like shares and equity instruments.