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Aditya Birla Sun Life AMC Limited

Aditya Birla Sun Life Gold ETF | ABSL Gold Exchange Traded Fund - ABSLMF

Aditya Birla Sun Life Gold ETF

(An open ended exchange traded fund tracking Gold Index)

Class: Others
Category: ETF
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Investment Objective

An Open ended Gold Exchange Traded Fund with the investment objective to generate returns that are in line with the performance of gold, subject to tracking errors.

This Product is Suitable For Investors Who Are Seeking*:

  • returns that are in line with the performance of gold over long term, subject to tracking errors.
  • Investments in physical gold of 99.5% purity (fineness)

Fund Details

  • Fund Type - Open-Ended
  • Class - Others
  • Category - ETF
  • Min Investment -
  • Fund Manager - Mr. Lovelish Solanki & Mr. Kedarnath Mirajkar
  • Latest NAV - 4318.613 (as on 15-Sep-2021)
  • Inception Date - May 13, 2011
  • Current NAV - 4268.35
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Fund Performance

Graphical Data

Trailing Return

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Funds are bucketed on various parameters with respect to other funds in their category.
*Annualized returns are displayed for 1 year and above.

Annualized Returns

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Fund Management

  • Mr. Lovelish Solanki

    Total Experience : 12 Years

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    Lovelish Solanki is a Fund Manager at Aditya Birla Sun Life AMC Limited (ABSLAMC). He comes with an experience of over a decade in fund management and research, both in Equity and Debt. He has been a part of ABSLAMC since October 2014.

    He was earlier associated with Union KBC Asset Management Co Limited for 4 years, as trader for the Equity and FNO Segment, while also managing the Options part of Capital protection Funds and other Close ended Schemes. Prior to Union KBC Asset Management Co Limited, he was also associated with Edelweiss Asset Management Co. Ltd for 3 years, responsible for the execution and management of Arbitrage Funds.

    Lovelish has a Master’s degree in Management Studies from Mumbai University with a specialisation in Finance. He is also a level 1 certified Chartered Market Technician (CMT) – 2012.
  • Mr. Kedarnath Mirajkar

    Total Experience : 16 Years

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    Kedarnath Mirajkar is a Fund Manager with Aditya Birla Sun Life AMC Limited (ABSLAMC). He comes with an experience of 16 years in capital markets and has been with ABSLAMC since 2010. In his current role, he is responsible for fund management of various Exchange Traded and Index Funds.
    He joined in the Fund Accounting and Treasury Department, handling trade settlement & valuation of various asset class. Since 2018, he was part of the Risk Management team for monitoring the investment limits. He was previously associated with HDFC Bank in the custodial department and with Bombay Dyeing (Family Office) in Finance.
    Kedarnath has a PGDBM (Finance) degree from Wigan & Leigh Mumbai (U.K. University affiliation) and a Bachelor’s in Business Administration from Karnataka University.
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Different plans shall have a different expense structure. The performance details provided herein are of (regular / direct) plan.
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Your Investment Summary

  • Investment AmountRs 5000
  • Initial units per month 29.5
  • Current valueRs 50,000
  • Current NAV value 260
  • Current Units 30
  • XIRR

    Internal rate of return or annualized yield for a schedule of cash flows occurring at irregular intervals.

         5.10%
  • Benchmark XIRR

    Internal Rate of return or annualized yield for a schedule of cash flows occurring at irregular intervals for respective benchmark index.

         8%

Portfolio and Sector Holdings

Top 10 Holdings (As on 31.07.2021)

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Issuer % to Net Assets
Top 10 Sector Holdings Chart

Fund Summary

Entry Load
Exit Load
Load Comments
NIL
NIL
++The units of the scheme are compulsorily traded in dematerialized form, and hence, there shall be no entry/exit load for the units purchased or sold through stock exchanges. However,the investor shall have to bear costs in form of bid/ask spread and brokerage or such other cost as charged by his broker for transacting in units of the scheme through secondary market

Highlights

  • Guaranteed Purity
  • Safety
  • Convenience
  • Tax efficiency

You occasionally purchase gold, be it in the form of ornaments or coins for a special event. And why not!

Besides, you may have always wanted to invest in gold since you know its value may increase in the long run. But, issues like safety of storage, assurance of purity, tax liability and getting the right value at the time of reselling could have stopped you from investing.

That's why we bring you Aditya Birla Sun Life Gold ETF, a simpler way to invest in gold and benefit from its growth potential minus the hassles!

 

Highlights

 

1. Guaranteed Purity

2. Safety

3. Convenience

4. Tax efficiency

 

The above highlights are advantages perceived from investments made in ABSL Gold ETF as compared to investments in physical gold and do not indicate assurance of future scheme performance. Please turn overleaf for more details.

 

Gold can add value to your portfolio

 

Adding gold investments to your portfolio brings diversification and greater stability to your overall portfolio. One of the unique traits of Gold is that it can help you beat inflation. This is because, as inflation rate increases, so do gold prices. In the last 10 years (01 Jan 01 to 31 Dec 10), gold investments have given a growth of 17.3 % CAGR whereas the average inflation rate has been 5.6 % CAGR.

Data source: Bloomberg. Computation: Internal

 

Benefits of buying Gold through ABSL Gold ETF

Guaranteed Purity & Safety: When you invest in ABSL Gold ETF, we buy physical gold of 99.5% purity which is preserved safely by us.

 
 

No Making Charges:While buying or selling ABSL Gold ETF, you do not have to pay any making charges which you otherwise do while buying or selling gold coins and jewellery. This way you can buy maximum gold for your money.

        

 

 

Physical Gold

 

ABSL Gold ETF

Impurity Risk

Present

Absent

Liquidity

Low

High

Transaction Cost

High

Low

Short Term Capital Gains Tax

If sold before 3yrs

If sold before 1yr

Long Term Capital Gains Tax

If sold after 3yrs

If sold after 1yr

Wealth Tax

Yes

No

The above table is provided for illustration purposes only. In case of individual nature of tax implications, investors are further advised to consult their tax advisor before making investments
 

Convenience to buy in small quantities: ABSL Gold ETF allows you to buy Gold in quantities as low as 1gm. This is done in form of Demat units where each unit approximately represents the value of 1 gm of Gold. So, you do not have to accumulate a large amount of money before you go out to buy gold.

 

Easy loan against Gold: Since you own gold in Demat form, its purity is never in question and you can easily avail a loan against your units from any gold financing company or a bank.

 

Tax Efficiency: When you own physical gold, you have to pay the applicable wealth tax as long as you hold the gold. Also, short term capital gains tax is applicable if you sell physical gold within 3 years of purchasing it; as against just 1 year in case of ABSL Gold ETF.

 

Sell your investment with ease

ABSL Gold ETF will invest your money to buy physical gold and will aim to grow your money in line with the domestic spot price of gold as much as possible. It will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) where you can sell units at prevailing market prices. The amount will be directly credited to your bank linked to your demat account.

So, make your investments shine with Aditya Birla Sun Life Gold ETF.

Premium SMS charges apply.

Get the latest NAV on SMS, send NAV <Scheme Code> as an SMS to 567679.

Premium SMS charges apply.

Authorised Participant - Raksha Bullion

Click here to view the Aditya Birla Sun Life Gold ETF Unit Creation

Aditya Birla Sun Life Gold ETF

(An open ended scheme tracking physical price of Gold)

This product is suitable for investors who are seeking: 

  • Returns that are in line with the performance of gold over long term, subject to tracking errors.
  • Investments in physical gold of 99.5% purity (fineness)

 

*We recommend investors to consult their financial advisers in case of doubt about whether the product is suitable for them.

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Disclaimer

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
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