Edelweiss Gold ETF NFO: Everything you need to know

6 Nov 2023 , 10:34 AM

Edelweiss Mutual Fund is launching NFO under its “ETF category”, named as Edelweiss Gold ETF. The investment objective of the scheme is to generate returns that are in line with the performance of physical gold in domestic prices, subject to tracking error.

Investment strategy: The Scheme may invest in Gold and Gold related instruments (including derivatives) and intends to track the domestic price of Gold. Investment in Debt securities and money market instruments will be as per the limits in the asset allocation table of the Scheme.

Asset allocation: The scheme will invest in gold in order to generate returns similar to the performance of the gold.

Who should invest?

Investors with high risk appetite and want to invest for 5 years to diversify their portfolio in gold should invest in Edelweiss Gold ETF.

Risk associated: High level of risk.

Benchmark: Domestic prices of Gold.

Fund Managers: Mr. Ashish Sood.

The NFO is available for subscription from November 2 to November 6. The scheme will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is Rs 5000/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in Edelweiss Gold ETF.