LIC MF Gold ETF FOF Fund Direct Growth
Others
Direct
Sector - Precious Metals
NAV as on 23-12-2024
₹ 21.12
1D
Inception Returns
6.3%
/yr
About LIC MF Gold ETF FOF Fund Direct Growth
LIC MF Gold ETF FOF Fund Direct Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Sumit Bhatnagar. This fund gives you the benefit of diversification.
Key Parameters
- LIC MF Gold ETF FOF Fund Direct Growth has ₹70 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.3.
Returns
LIC MF Gold ETF FOF Fund Direct Growth has given a CAGR return of 6.35% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 19.47%, 15.19% and 13.61% respectively.
Holdings
LIC MF Gold ETF FOF Fund Direct Growth has allocated its funds majorly in Cash Equivalent. Its top holdings are LIC MF Gold ETF
Taxation
As it is a sector - precious metals mutual fund the taxation is as follows:Unknown asset type.
Investment objective of LIC MF Gold ETF FOF Fund Direct Growth
The investment objective of the Scheme will be to generate returns that correspond closely to the returns generated by LIC MF Gold Exchange Traded Fund.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 200.00. LIC MF Gold ETF FOF Fund Direct Growth has no lock in period.
Historical NAV & Returns
LIC MF Gold ETF FOF Fund Direct Growth Overview
| Expense ratio | 0.25% |
Benchmark | Domestic Price of Gold |
| AUM | ₹70 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹200 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 19.05% |
| STCG | Selling mutual fund within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   High Risk |
Trailing Returns
as on (23-Dec-24)
Fund Distribution
as on (31-Dec-69)
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 LIC MF Gold ETF | 99.37% | 2.1% |
Mutual Fund Insights
LIC MF Gold ETF FOF Fund Direct Growth Highlights
High Risk
About the fund
AUM size ₹70 Cr
Expense Ratio 0.25%
Frequently Asked Questions for LIC MF Gold ETF FOF Fund Direct Growth
LIC MF Gold ETF FOF Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -1.15% | -1.15% |
6 Month Returns | 3.74% | 3.74% |
1 Year Returns | 19.47% | 19.47% |
3 Years Returns | 52.83% | 15.19% |
5 Years Returns | 89.25% | 13.61% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.