Nippon India ETF Gold Bees
Date Published: June 13, 2024
FUND FACTS
|
Nature |
Open ended |
Fund Manager |
Vikram Dhawan |
|
Date of Allotment |
March 08, 2007 |
Benchmark Index |
Domestic Price of Gold |
|
NAV (Rs.) |
56.42 ( 27-Mar-2024 ) |
Corpus (Rs.in Crs.) |
8928.57 ( Feb-2024 ) |
|
Investment Objective |
The investment objective of Nippon India ETF Gold BeES is to provide returns that, before expenses, closely correspond to the returns provided by Domestic price of Gold through physical gold. There can be no assurance or guarantee that the investment objective of the Scheme will be achieved. |
||
PORTFOLIO COMPOSITION
An open ended scheme, listed on the Exchange in the form of an Exchange Traded Fund (ETF) investing in physical gold. The Nippon India ETF Gold BeES (G) was launched on Mar 08, 2007 with no lock-in period.
| Table: 1 | ||
|---|---|---|
| Top 10 Holdings (% in N.A) | Feb-24 | Instruments |
| Current Assets | 1.19 | Current Assets |
| GOLD - BULLION | 98.75 | Gold |
| Triparty Repo | 0.06 | Triparty Repo |
| Month End | Equity % | Debt % | Others % | Scheme % Returns | Index % Returns |
|---|---|---|---|---|---|
| 29.02.2024 | - | 0.0003 | 99.9997 | -0.64 | -0.45 |
| 31.01.2024 | - | 0.0005 | 99.9995 | -0.58 | -0.52 |
| 29.12.2023 | - | - | 100.0000 | 0.87 | 0.94 |
| 30.11.2023 | - | 0.0003 | 99.9997 | 2.22 | 2.32 |
| 31.10.2023 | - | 0.0001 | 99.9999 | 5.72 | 5.86 |
| 29.09.2023 | - | 0.0001 | 99.9999 | -1.86 | -1.82 |
| 31.08.2023 | - | 0.0002 | 99.9998 | -0.10 | -0.04 |
| 31.07.2023 | - | 0.0001 | 99.9999 | 2.45 | 2.55 |
| 30.06.2023 | - | 0.0002 | 99.9998 | -3.94 | -3.92 |
| 31.05.2023 | - | 0.0001 | 99.9999 | -0.30 | -0.37 |
| 28.04.2023 | - | - | 100.0000 | 1.83 | 1.93 |
| 31.03.2022 | - | 0.0004 | 99.9996 | 7.49 | 7.66 |
Risk of this scheme in terms of Standard deviation of monthly returns(using last 3 years data) is higher than the peer group of Commodities : Gold, while the Sharpe ratio of this scheme is lower than the peer group of Commodities: Gold. Pls see the table called "Risk Measures (%) ".
NAV Chart of Nippon India ETF Gold BeES:
PERFORMANCE: The term Gold BeES stands for Gold Benchmark Exchange Traded Schemes. They are open-ended Exchange-Traded Funds (ETF) whose goal is primarily to reflect the price movements of physical gold. The fund aims to provide returns that closely correspond to the return provided by the price of gold through investment in physical gold. The reason for performance variance of the scheme from that of domestic price of gold may be due to expense and other related factors. 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 Nippon India ETF Gold BeES (G) has an asset allocation of 0% in equity and equity equivalents and 0% in debt securities. The ETF offers best-in-class liquidity and convenient exposure to gold under a decent cost structure. Nippon India ETF Gold BeES emerges as the best option on account of it being the most liquid and actively traded gold ETF. Investing in gold should be long term decision and not based on short term performance of gold price. Nippon India ETF Gold BeES can be a good start to invest in paper-gold.
Please Note:For analysis performance, Prices of Gold Index is been considered in this report.
PEER COMPARISON
