Mirae Asset Gold ETF

The Mirae Asset Gold ETF, managed by Mirae Asset Investment Managers, is an open-ended passive scheme aimed at replicating the domestic price of gold, providing investors with exposure to gold assets.

This ETF tracks the domestic price of physical gold, utilizing a passive investment strategy that emphasizes low tracking error, currently standing at 0.36%, ensuring effective alignment with its benchmark.

The portfolio is highly concentrated, with 97.82% allocated to Gold Gold 995, minimizing diversification but maximizing exposure to gold price movements, while cash and receivables constitute a mere 2.13%.

In the past year, the ETF has delivered an impressive return of 51.0%, showcasing strong performance in a favorable market for gold, although longer-term CAGR figures are not available.

With an AUM of ₹721.6 Cr and a low expense ratio of 0.31%, the fund is positioned for operational efficiency, making it accessible for investors seeking liquidity without significant exit loads.