Mirae Assets To Launch Mirae Asset Gold ETF Fund of Fund

Mirae Asset Investment Managers (India) is set to launch the Mirae Asset Gold ETF Fund of Fund, an open-ended scheme aimed at providing long-term capital appreciation by investing in units of the Mirae Asset Gold ETF. This fund of fund scheme offers an option for investors looking to gain exposure to gold without the hassles of physically owning it.

NFO Dates & Investment Details

The New Fund Offer (NFO) for the Mirae Asset Gold ETF Fund of Fund opens on October 16, 2024, and will remain available for subscription until October 22, 2024. After the NFO closes, the scheme will reopen for continuous sale and repurchase on October 28, 2024. Investors can start with a minimum investment of Rs.5,000, and subsequent investments can be made in multiples of Rs.1.

The fund will be co-managed by Ritesh Patel and Akshay Udeshi, both of whom have expertise in handling equity and ETF products.

Why Invest in the Mirae Asset Gold ETF Fund of Fund?

The Mirae Asset Gold ETF Fund of Fund offers an avenue for investors to tap into the potential of domestic gold prices, as it invests in the Mirae Asset Gold ETF, which is backed by physical gold certified by the London Bullion Market Association (LBMA). This also ensures a high level of purity, with gold being 99.5% pure or higher.

Unlike owning physical gold, this approach offers lower costs, eliminates storage concerns, and reduces the risks associated with purity. Gold has historically been considered a safe-haven asset, performing well during periods of market volatility, geopolitical tensions, and inflation.

Portfolio Diversification & Stability

Gold’s low correlation with other asset classes makes it an effective diversification tool. Investing in this fund allows investors to work on the stability of their portfolios, especially during times of economic uncertainty. 

Conclusion: With the Mirae Asset Gold ETF Fund of Fund, investors gain an accessible and cost-effective way to invest in gold. For those looking to safeguard their portfolio against volatility and hedge against inflation, this fund presents an opportunity during the NFO period.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.