Product Snapshot

 
Fund Name
IDBI GOLD EXCHANGE TRADED FUND  
 
NatureAn open ended scheme replicating/tracking the performance of gold in domestic prices.
Investment Objective 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.
Asset Allocation The asset allocation pattern for the scheme is detailed in the table below:
Instrument Indicative Allocation Risk Profile
  Minimum Maximum  
Physical Gold and Gold related Instruments 95% 100% Medium
Debt & Money Market Instruments 0% 5% Low to Medium

The Gross investment under the scheme, which includes physical gold, debt securities and money market instrument, will not exceed 100% of the net assets of the scheme.

For more details on Asset Allocation please refer Scheme Information Document(SID)
Fund Manager Mr. Ashish Mishra
Plans & Options offered for InvestmentsNot Applicable
Minimum Application AmountAuthorized Participants & Large investors- In creation unit lot of 1000 units and multiples of 1000 units thereof or in equivalent amount in cash.
Listing of FundsSince the Scheme is an exchange traded fund, the Scheme, the units of the Scheme are listed on the National Stock Exchange of India Ltd. and Bombay Stock Exchange Ltd. The AMC may, at its discretion, list the units of the Scheme in any other Stock Exchange.
BenchmarkDomestic price of physical gold
Load StructureEntry Load- Not applicable; Exit load- Nil.
Taxation
IDBI Gold Exchange Traded Fund ( IDBI Gold ETF) will be treated on par with debt funds and the tax structure will be as follows

IDBI Gold Exchange Traded Fund Resident Investor** Mutual Fund**
Tax on Dividend Dividend not proposed Dividend not proposed
Capital Gain    
Long Term
(for units held for more than 36 months)
20% with indexation (plus applicable surcharge & cess) NIL
Short Term Rates applicable to Unitholders as per their income slabs
(plus applicable surcharge & cess)
NIL

As per provision of Finance Act 2014, transfer of units of non-equity oriented mutual funds, since July11, 2014 will be classified as long term capital assets, if held for more than a period of 36 months.

**For further details on taxation please refer to the Section on Taxation in the SAI
Riskometer
This product is suitable for investors who are seeking*:
  • To replicate the performance of gold in domestic prices with at least medium term horizon.
  • Investments in physical gold and gold related instruments / debt & money market instruments.
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
Disclaimer of NSEIL
It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Scheme Information Document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Draft Scheme Information Document. The investors are advised to refer to the Scheme Information Document for the full text of the ‘Disclaimer Clause of NSE.

Disclaimer of BSE
 Disclaimer of BSEL:  It is to be distinctly understood that the permission given by BSE Ltd. should not in any way be deemed or construed that the SID has been cleared or approved by BSE Ltd. nor does it certify the correctness or completeness of any of the contents of the SID. The investors are advised to refer to the SID for the full text of the ‘Disclaimer Clause of BSE Ltd.’.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.