NAV (Nov 28)
6 Month CAGR
To invest in physical gold and gold related instruments with the objective to replicate the performance of gold in domestic prices. The ETF will adopt a passive investment strategy and will seek to achieve the investment objective by minimizing the tracking error between the Fund and the underlying asset.
Low to Moderate
Launched (12y ago)
Nov 16, 2011
AUM in Crores
Sharpe Ratio (3yr)
Sharpe Ratio (5yr)
net receivables / (payables)
LIC MF Gold ETF (G) is an Exchange Traded Fund which is benchmarked to Domestic Price of Gold. LIC MF Gold ETF (G) is managed by the LIC Mutual Fund Asset Management Limited with the fund managers being Yash Dhoot. The LIC MF Gold ETF (G) was launched on Nov 16, 2011 with no lock-in period. Since its inception, the fund has delivered 5.6% as a return on investment. The fund has delivered a 1-year return of 15.2%, a 3-year return of 7.4%, and a 5-year return of 14%.
As on 28 Nov, 2023 the NAV of the fund is Rs 5668.72 and the AUM is Rs 109.23 crores. The fund charges an expense ratio of 0.41% on an annual basis. You can start a SIP with an investment of a minimum of Rs 100. You can make a lumpsum investment of minimum of Rs 5000.
Since the scheme is benchmarked to Domestic Price of Gold, the fund is subject to very high risk and it may witness volatility in the short term. Hence, an exchange-traded fund is more suitable for an investment horizon of more than 5 years. The LIC MF Gold ETF (G) has an asset allocation of 0% in equity and equity equivalents and 0% in debt securities.
Scripbox provides a unique feature through which you can compare the performance of LIC MF Gold ETF (G) with another fund in a similar category. This way you can make a well-informed investment decision.