AMC

November 4, 2011

Gold Bees ETF India Review

The Bees lineup of ETFs was started by Benchmark Asset Management Company which was a unique Indian AMC in the sense that it focused on ETFs at a time when the major Indian AMCs did not care a hoot.However ETFs in India are starting to catch on rapidly as Indian mutual funds under perform despite their very high expense ratios.Recognizing this trend of growing AUM of ETFs,Goldman Sachs acquired the still small Benchmark.With effect from 14th July 2011, both Benchmark Asset Management Company Private Limited and Benchmark Trustee Company Private Limited became a part of the Goldman Sachs group. Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. It was founded in 1869 & is one of the oldest and largest investment banking firms.
November 1, 2011

Axis Gold ETF India Performance, Assets under Management, How to Trade, Risks Associated

The Axis Gold ETF started in 2010 under the NSE Symbol AXISGOLD.The Scheme endeavors to generate returns that are in line with the performance of gold, subject to Tracking Errors. The corpus of the Scheme isinvested in Gold Bullion of fineness - 995 parts per 1,000 (99.5%) or higher. Further, the Scheme may also invest in gold related instruments (including derivatives related to gold) as per SEBI guidelines.
November 1, 2011

HDFC Gold ETF Review and Details on Expense Ratio,Performance,Buying SIP and NSE Symbol

HDFC Gold ETF along with Kotak and Gold Bees are one of the best gold etfs to invest in India and provide a sharp contrast to the worst ETFs like SBI and Axis Bank.HDFC Gold ETF has the added advantage of being one of the largest Fund Houses and is a subsidiary of one of the largest private banks with a great distribution strenght and reputation.It is also one of the few mutual fund ocmpanies which is offering a SIP on the Gold ETF unlike many others.Expense Ratio is also one of the lowest in the industry at 1% . All in all HDFC Gold ETF is a good buy if you are thinking of putting money in gold through ETF.
October 27, 2011

SBI Gold ETF (GETS) – Details/Information of Mutual Fund ,Plan Charges,Scheme Expense Ratio,Buying Online SIP

SBI GETS is an open ended Gold Exchange Traded Scheme. Even though this is an open-ended scheme, investors need to buy & sell units of the scheme on the stock exchanges where these units are listed for liquidity at the market price, subject to the rules and regulations of the exchange. The Scheme opened on March 30, 2009.The investment objective of the fund is to seek to provide returns that closely correspond to returns provided by price of gold. However, the performance of the scheme may differ from that of the underlying asset due to tracking error. The benchmark is the price of the Gold. Special Products SIP, SWP, STP are not available. No dividend would be declared under the Scheme unlike Reliance Gold ETFThe SBI GETS Expense ratio is 2.5%.This is one of the highest expense ratios in the industry much higher compared to other Gold ETF Fund products like Kotak or Goldman.The reason of this expense ratio is not apparent since passive investment in gold does not require such high expenses.This is a deal killer from SBI Asset Management and I would strongly recommend never to buy SBIGETS unless SBI reduces this expense ratio
October 25, 2011

Kotak Mahindra Gold ETF Review and Analysis of Returns,Expense Ratio,Dividends, Price Performance History, and how to buy SIP

Kotak Mahindra which is one of the biggest private banks with operations in almost all aspects of Finance like Investing Banking,Wealth Management has launched a good Gold ETF products as well.It is an open-ended gold Exchange Traded Fund, which invests in physical gold and tracks the domestic spot price of gold as closely as possible. Units of the scheme listed on stock exchanges and can be easily traded in demat form. Each unit of the scheme is approximately equal to 1 gram of gold. Units of the schemes are backed by physical gold held by the Custodian - Scotia Macotta. All physical gold held with Scotia Macotta conforms to the London Bullion Market Association’s (LBMA) rules for Good Delivery. The investment objective of Kotak Gold ETF is to generate returns that are in line with the returns on investment in physical gold, subject to tracking error.
October 23, 2011

Gold ETF Funds in India Guide – Best and Worst NSE Gold ETF ,Comparison amongst SBI,Reliance,Kotak,HDFC,UTI,Axis,Benchmark and Should you do a Gold ETF SIP

I had written about the best way to invest in gold in India looking at the different ways of buying physical gold and gold etfs.There was also the option of investing in gold mutual fund which invest in gold mining companies as well as looking at whether to buy gold from banks or you were better off buying gold from your neighbourhood jeweller.Alll the options of buying gold have their advantages and disadvantages.Gold ETFs have become the fastest growing segment of buying gold in India with most people prefering teh convenience and ease of buying gold the demat way.Note only does it have the security and storage advantages,it is also easily saleable without a huge transaction costs.Its no wonder that most asset management companies in India have launched gold etf products to take advantage of the growing trend of buying gold Etfs in India.SBI and UTI,two of the oldest government owned mutual fund houses in the country too have started gold etfs besides the private companies.Benchmark Gold Bees remains the oldest gold etf in the country and is looking to gain marketshare after Goldman Sachs bougth the company.IDBI has joined the gold etf party becoming the latest AMC to start a gold ETF.There is little to distinguish these Gold ETFs from each other since they don't have any active management and are mostly linked to the price of gold.The best gold etf is the one which has the least tracking error and the lowest expense ratio.I don't have a favorable opinion of the mutual fund etfs in India since they charge very highly and there is lack of variety and liqudity in the Indian ETF market.
July 10, 2011

Liquid Bees ETF Explained – Price,Dividend,Taxation,Performance History,NSE Symbol

Goldman Sachs Liquid Exchange Traded Scheme (GS Liquid BeES) is an open ended liquid scheme & was previously known as Liquid Benchmark Exchange Traded Scheme (Liquid BeES). GS Liquid BeES is the first Liquid ETF (Exchange Traded Fund) in the world. It is a unique liquid fund that is listed and traded on the stock exchange just like a share. The investment objective of GS Liquid BeES is to enhance returns and minimize price risk by investing in a basket of call money, short-term government securities and money market instruments of short maturities while maintaining safety and liquidity. It seeks to provide current income, commensurate with relatively low risk while providing a high level of liquidity, primarily through a portfolio of treasury bills, Government Securities, Call Money, Collateralised Lending & Borrowing Obligation (“CBLO”) /similar instruments, Repos and Reverse Repos, and other Money Market Instruments.
July 8, 2011

Reliance Gold ETF – Review of Performance(NAV History,Symbol),Holdings,Expense Ratio,Investing in SIP

Reliance Gold ETF is an open-ended Gold Exchange Traded Fund. It started on 22nd November 2007. The investment objective is to seek to provide returns that closely correspond to returns provided by price of gold through investment in physical Gold and Gold related securities .The prices of Reliance God ETF is affected by several factors such as global gold supply and demand, investors’ expectations with respect to the rate of inflation, currency exchange rates, interest rates, etc. Minimum of one unit can be traded by the investors.The Creation Unit is 1000 units that is if you have 1 kg of gold ETF that is about Rs 26 lakhs you can exchange your paper gold into physical gold from the AMC.
July 8, 2011

Silver ETF India (ICICI Direct,NSE,Kotak,SBI,HDFC) – How to Buy the Best,Taxation,Comparison vs Physical Silver

Silver ETFs in India have started making their debt after the rip roaring success of gold etf funds in India.All the major mutual fund houses in India have launched gold ETFs as a large part of the investing population has made ETFs the preferrred vehicle for investing in Gold.Their are 12 gold ETFs in India which is far the largest sector ETF in India.In fact,ETFs in India are marked by their lack of depth and variety.There are only a handful of decent ETFs in India which have good volume and liquidity though more asset management companies are coming out with ETFs.Goldman Sachs recently bought Benchmark AMC which has the most successful gold ETF and the biggest Nifty ETF in India.India Infoline is also targeting ETFs to boost its AUM.
July 7, 2011

UTI Gold ETF Analysis of Assets,Value,Volume,Dividends,Expense Ratio,How to buy goldshares Online

UTI Gold ETF is a bad Gold ETF with bad performance and bad expense ratio.It makes no sense at all to invest in Goldshare.There is no reason for such a high expense ratio in a passive fund which provides no investing expertise or great advantage.You are better off buying HDFC Gold ETF or Kotak Gold ETF.UTI despite being the oldest mutual fund house in India has come up with a very bad Gold ETF offering.You are best advised to look at the following Gold ETF to make an investment. Best Gold ETF Fund in India Goldman Sachs Gold Bees Kotak Gold ETF Fund HDFC Gold ETF
June 26, 2010

Review of Indian Market ETFs reveals Lack of both Depth and Variety

Exchange Traded Funds or ETFs have revolutionized the Investment Industry in recent times due to their simplicity,low costs and ease of use.The US Market has seen […]