LIC MF Gold ETF FOF Fund Direct Growth

LIC MF Gold ETF FOF Fund Direct Growth

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Direct
Sector - Precious Metals
NAV: ₹ 19.96 as on 13-06-2024

About the Fund

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 . This fund gives you the benefit of diversification.

Key Parameters

  1. LIC MF Gold ETF FOF Fund Direct Growth has ₹54 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.3.

Returns

LIC MF Gold ETF FOF Fund Direct Growth has given a CAGR return of 6.23% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 18.93%, 12.86% and 15.87% 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 1000.00. LIC MF Gold ETF FOF Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
767 people have invested ₹ 35.8L in LIC MF Gold ETF FOF Fund Direct Growth in the last three months

Overview

Expense ratio
Expense ratio
0.26%
Benchmark
Benchmark
Domestic Price of Gold
AUM
AUM
₹54 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
19.05%

LIC MF Gold ETF FOF Fund Direct Growth Distribution as on (31-Dec-69)

  • Debt & Cash 0.6%

Sector Allocation

Apr'24

Mar'24

Feb'24

Cash Equivalent
100%

Top Holdings of LIC MF Gold ETF FOF Fund Direct Growth as on (31-May-24)

  • Equity

Equity Holdings1
Holdings
Weight%
1M Change
LIC MF Gold ETF
LIC MF Gold ETF
99.6%
1.3%

Mutual Fund Insights

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Over the last 3 months, this fund has experienced a 15.4% growth in AUM moving from 46.37 Cr to 53.51 Cr.
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This fund has one of the lowest expense ratio in the category (sector - precious metals). Its expense ratio is 0.26% which is lower than the category average expense ratio of 0.58%.
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In the last 3 years, this fund has outperformed all funds in its category.
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In the last 1 year, ICICI Prudential Silver ETF Fund of Fund Direct Growth has given 20.25% return, outperforming this fund by 1.32%.
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In the last 5 years, Kotak Gold Fund Growth - Direct has given 16.29% return, outperforming this fund by 0.42% per annum.

LIC MF Gold ETF FOF Fund Direct Growth Highlights

Risk meter
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High Risk

Investors understand that their principal will be at High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 6.23% since inception which is less than its category average return of 13.53%
AUM size ₹54 Cr

AUM size ₹54 Cr

This fund has AUM of ₹54 Cr which is less than its category average of ₹ 689 Cr
Expense Ratio 0.26%

Expense Ratio 0.26%

This fund has an expense ratio of 0.26% which is less than its category average expense ratio of 0.55%

Frequently Asked Questions

The current NAV of LIC MF Gold ETF FOF Fund Direct Growth is ₹19.96 as on 13-Jun-2024.
Existing (Absolute + CAGR) as on 13-Jun-2024.
LIC MF Gold ETF FOF Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-1.37%
-1.37%
6 Month Returns
16.58%
16.58%
1 Year Returns
18.93%
18.93%
3 Years Returns
43.75%
12.86%
5 Years Returns
108.83%
15.87%
With INDmoney, the process of investing is very simple and involves zero commission.
  • 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.
0.26% as on May 2024
₹54 Cr as on May 2024
The Exit load of LIC MF Gold ETF FOF Fund Direct Growth is 1%