IDBI Gold ETF Form

Please provide me the IDBI Gold ETF Form along with their advantages.

[Shaleen]

I am here by providing you the list of Advantages:
• Pure and Secure: Each unit of IDBI Gold ETF is backed by 24 carat gold of 99.5% purity

• No risk of holding physical stock:

• Affordable: Ideal for small retail investors as they can buy just one unit representing one gram of gold.

• Liquidity: Post listing, IDBI Gold ETF units can be easily bought / sold on the stock exchange during market hours at real-time prices as opposed to end of day prices.

• Lower cost: Brokerage charges payable on purchase of ETFs are usually lower than making charges payable on purchase of physical gold.

• Tax efficient: No Wealth Tax. Long Term Capital Gains Tax applicable after one year from the date of allotment.


I am here by providing you the PDF that contain the form of the IDBI Gold ETF.

Please feel free to download the PDF

Will you tell me how I can get form for IDBI Gold Exchange Traded Fund, as I want to invest in the Gold Exchange Traded Fund Scheme of the IDBI bank ?

[Quick Sam]

Hey , you can get the form for IDBI Gold Exchange Traded Fund from the nearby branch of the IDBI.

IDBI Gold Exchange Traded Fund Scheme:

Nature:
An open-ended gold exchange traded scheme

Asset Allocation:

Instrument Indicative Allocation
Minimum Maximum
Physical Gold 95% 100%
Debt & Money
Market Instrument 0% 5%

NFO Price
Rs. 100 for cash at a premium equivalent to the difference between the allotment price and face value of Rs. 100/-each. Allotment price would be approximately equal to the price of 1 gram of gold.


Minimum Application Amount during NFO :
Rs. 10,000 and in multiples of Rs. 1 thereafter


Mode of Investment
Through Demat Account

Benchmark
Domestic price of physical gold

Load Structure
Entry Load- Not applicable; Exit load- Nil.

IDBI Gold Exchange Traded Fund Scheme