New Gold ETF by 360 ONE Asset, Should You Invest?

360 ONE Asset Management Limited has launched 360 ONE Gold ETF as an open-end exchange-traded fund (ETF) that has the objective to track the gold price in India. The ETF enables investors to invest in gold without the acquisition of physical gold.

360 ONE Asset is an Indian asset management firm that provides a range of financial services such as mutual funds, portfolio management services (PMS), and alternative investment funds (AIFs). They aspire for an integrated approach to wealth management, assisting clients in growing and managing their investments successfully.

The New Fund Offer (NFO) is now open for investment and will close on February 28. You can start investing with a minimum of Rs. 500, and after that, you can add any amount in multiples of Rs. 1. Each unit of the NFO is priced at Rs. 10.

NFO

The 360 ONE Gold ETF will invest not less than 95% of its corpus in gold or gold-related products, maintaining its price closely tied with gold prices in India. The balance of 5% can be invested in money market instruments or bonds to keep it liquid and operational smoothly

The fund will be handled by Rahul Khetawat and will follow domestic gold prices as its benchmark. A key benefit of this ETF is that it has no exit load, allowing investors to withdraw their money without extra charges.

Rahul Khetawat, Manager of 360 ONE Asset Fund, said, “Gold has long been an asset of value for diversifying. Our Gold ETF will mirror gold prices closely and provide the benefits of convenient trading and lower cost.” We think this will be an excellent choice for investors who want to access gold’s long-term growth potential.”

The 360 ONE Gold ETF is better suited for those who are looking for long-term capital appreciation in correlation with the movement of gold prices. The fund seeks to provide returns similar to physical gold.