Axis Gold ETF Live Stock Price, Share Chart, Quotes, NSE, BSE

You can get complete information on Axis bank Gold ETF, Indian Mutual Funds Fund Rating, Return, Risk, Fund Analysis. Also track and analyse your portfolios with exclusive tools provided on our website. You can also explore tis page for Axis Gold ETF for information, and updates on latest NAV, performance, dividends, portfolio holdings.

Axis Mutual Fund has launched Axis Gold ETF, an open ended Gold Exchange Traded Fund. The scheme offers investors the opportunity to invest in Gold without actually bearing the risk of storage and safekeeping. Investors will get 99.5% purity at prevailing market prices. Axis Gold ETF offers a simple way of investing in gold. It is a mutual fund scheme that lets you buy gold without the necessity of taking physical delivery

• The investment objective of the Scheme is to generate returns that are in line with the performance of gold. Domestic price of gold will be the benchmark for the scheme.
• Mr. Rajiv Anand, MD & CEO, Axis AMC while speaking about Axis Gold ETF said, "We endeavour to offer the entire spectrum of products to our investors to choose from. We have tried to gradually add to our bouquet of products ranging from fixed income, equity, hybrid and now gold. Axis Gold ETF is an effective investment instrument to diversify the portfolio."
• The New Fund Offer (NFO) open for subscription from October 20, 2010 to November 03, 2010. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit.
• During New Fund Offer period, each unit of the scheme will be issued at a face value of Rs 100 plus premium equivalent to the difference between the allotment price & the face value of Rs 100.
• The minimum application amount during NFO for retail investor is Rs 5000 and in multiples of Rs 1 thereafter. For Authorized Participants: 1 kilogram (KG) gold per application and in multiples of 1 kilogram (KG) gold thereafter. The gold should be of finesses of 995 parts per 1000, i.e. 99.5%.  Post the NFO period units of the scheme will be listed on the National Stock Exchange and can be traded like equity shares.
• The entry and exit load charge will be nil for the scheme.
• The scheme will allocate 95% - 100% of assets in gold with medium risk profile. It would further allocate upto 5% of assets in money market instruments with low to medium risk profile. The cumulative gross exposure through gold, money market instruments and derivative positions, if any, shall not exceed 100% of the net assets of the scheme. Cash or cash equivalents with residual maturity of less than 91 days shall be treated as not creating any exposure.
• The scheme's performance will be benchmarked against the Domestic Price of Gold. The scheme will be managed by Anurag Mittal.

Do remember to check our daily Bank Nifty free tips for tomorrow as we aim to take the free education to the highest level and traders sear by our accuracy provided for Bank Nifty tips for today every day. You can start trading in Bank Nifty options with a small capital of Rs 5000.