Fund Name: HDFC Mutual Fund-HDFC Gold Exchange Traded Fund
NSE Symbol: HDFCMFGETF
BSE Scrip ID: HDFCMFGETF
BSE Scrip Code: 533230
Face Value: 100
Fund Launch Date: July 2010
AMC: HDFC Asset Management Company
Exchanges for Trading: NSE and BSE
Fund Manager: Anil Bamboli
Scheme Type: Open ended Exchange Traded Fund
Benchmark: Domestic price of physical Gold
Can Distribute Dividends?: Yes
Total Net Assets: Rs 277.69 Crore as on Apr 30, 2011
Entry Load: No entry load as per SEBI rules.
Exit Load: No exit load as the fund house doesn’t involve in redemptions. An investor can sell it on the exchange. Only brokerage charges are applicable.
Recurring Expenses (Total Expense Ratio): 2.50%
Minimum Investment: 1 Unit of HDFCMFGETF on NSE and BSE
Lock in period: Nill
NAV announcement frequency: Every business day
Sell/Redemption proceeds: within 10 working days
Latest price of the Unit: HDFC Gold ETF Price
As per HDFC’s scheme information document:
The investment objective of the Scheme is to generate returns that are in line with the performance of gold, subject to tracking errors. The Scheme would invest in gold in the domestic market and intends to track the spot price of gold in the domestic market. The Scheme also may engage in gold lending, and /or deposit gold with banks in return for fees as and when permitted by SEBI. The Scheme will also invest in debt and money market securities in order to meet the liquidity requirements.
Though every endeavor will be made to achieve the objectives of the Scheme, the AMC/Sponsors/Trustees do not guarantee that the investment objectives of the Scheme will be achieved. No guaranteed returns are being offered under the Scheme.
|Type of Asset||Minimum Investment %||Maximum Investment %||Risk Profile|
|Gold Bullion||90||100||Medium to High|
|Bonds and Money Market instruments||0||10||Low|
Performance of the fund:
|Performance in last 6 months||8.8083 %|
|Performance since inception||30.17%|
NB: Performance is based on NAVs as of May 13th 2011ADVERTISEMENTS