The Edelweiss Gold ETF, managed by Edelweiss Asset Management Limited, is an open-ended scheme aimed at mirroring physical gold's performance in domestic prices, emphasizing passive investment.

The fund utilizes a tracking approach to align closely with the domestic prices of physical gold, maintaining a minimal tracking error of 0.39% to optimize performance consistency.

Portfolio composition is heavily weighted in gold at 97.64%, with minimal exposure to TREPS at 2.36%, indicating a high concentration risk in the gold asset class.

Over the past year, the fund has demonstrated remarkable performance with a change of +57.3%, showcasing its effectiveness in tracking gold prices amidst market fluctuations.

With an AUM of ₹293.5 Cr and an expense ratio of 0.45%, the fund maintains a competitive cost structure while being managed by Amit Vora, who brings 16 years of experience.