Union Gold ETF

The Union Gold ETF, managed by Union Asset Management Company, aims to mirror domestic physical gold prices, providing investors exposure to gold's performance while subject to tracking error.

This open-ended scheme employs a straightforward investment strategy focused on physical gold, with a benchmark tracking the domestic price of gold, ensuring alignment with market movements.

The portfolio is heavily concentrated, with 97.3% allocated to physical gold and a minor 2.7% in cash equivalents, which may introduce concentration risk for investors.

In the past year, the ETF has delivered an impressive return of +33.6%, showcasing its ability to capitalize on gold price movements, while maintaining a tracking error of 1.23%.

With an AUM of ₹147.8 Cr and an expense ratio of 0.54%, the fund remains accessible, managed by Vinod Malviya, who brings 16 years of experience to the table.