Axis MF has informed BSE (Bombay Stock Exchange) about the Axis Mutual Fund Gold ETF NAV. The Net Asset Value of the Gold ETF scheme dated August 21, 2018, and is recorded at Corporate Announcement on BSE-India Website.
The inception date of the Open-ended Gold Commodities Scheme was October 2010. The fund is benchmarked against Domestic Price of Gold.
The investment objective of the Gold Exchange-Traded Fund scheme is to generate returns that are in line with the performance of gold.
The Face Value of the scheme is 100 Rupees per unit, and the fund size is 83.44 Crore Rupees. The minimum initial investment of the scheme is 5000 Rupees.
Generally, the ETFs (Exchange-Traded Funds) have a low expense ratio when compared to other actively managed mutual funds. The expense ratio of the Gold ETF scheme of the Axis Mutual Fund is 1.11 percent.
The Axis Mutual Fund Gold ETF NAV as on August 24, 2018, is 2627.21. The average monthly AUM of the Open-ended Gold Commodities Scheme is 78.88 Crore Rupees.
Mr. Devang Shah has been managing the Axis Mutual Fund Gold ETF scheme since June 07, 2016. He has 13 years of work experience. Before joining the Axis Mutual Fund, Shah worked with Deutsche Asset Management (India) Pvt. Ltd. and Pricewaterhouse Coopers. He holds B.Com and ACA as his educational qualifications.
The scheme is eligible for NRI, individuals, company, trust, partnership firm, FIIs, OCBs, HUFs, minors, societies, association of persons, banking company, public financial institution, insurance company, pension funds, paramilitary funds, international multilateral agencies, and others.
The available mode of investments for the scheme are Lumpsum Investment, SIP (Systematic Investment Plan), and SWP (Systematic Withdrawal Plan), based on information available in Axis Mutual Fund’s official website and The Economic Times.
The Axis Mutual Fund Gold ETF NAV declaration is confirmed by the Axis Asset Management Company, according to the HINDU Business Line.
The post Axis AMC Declares Axis Mutual Fund Gold ETF NAV appeared first on OWLT Market.
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