NFO Alert: Zerodha Fund House launches Zerodha Gold ETF; all you need to know
Live MintZerodha Fund House announced the launch of the Zerodha Gold ETF. The investment objective of the scheme is to generate returns corresponding to the domestic price of gold before expenses, subject to tracking errors, fees and expenses by investing in physical gold. To date, many asset management companies have launched such gold exchange-traded funds, thus, allowing inclined investors to avail of returns corresponding to the total returns of the securities in this particular index. These include: Name of the fund 10-year returns Axis Gold ETF 5.80 Nippon Gold ETF 5.80 SBI Gold ETF 6.02 IDBI Gold Exchange Traded Fund - ICICI Prudential Gold ETF - Invesco India Gold ETF 5.86 Kotak Gold ETF 6.13 HDFC Gold Exchange Traded Fund 6.02 UTI Gold Exchange Traded Fund - Aditya Birla Sun Life Gold ETF 6.12 SBI- ETF Gold - Canara Robeco Gold Exchange Traded Fund - Edelweiss Gold ETF - Source: AMFI How will the scheme benchmark its performance?