Hey Saurabh, too early for me to comment on the product strategy but have noted your suggestions. Rgds
Hi Vishal,
Is there any approximate relation between iNAV of GOLDCASE and price of gold?
How many units of GOLDCASE do I need to buy to consider it as 1gm of gold (I know it’s approximate due to expense ratio, etc)
I believe for GOLDBeES it is 100 units ~ 1gm
Hi, GOLDCASE tracks LBMA 1kg bar of gold with 99.5% purity. What goes into iNAV calculation are the live LBMA Prices (USD prices), FX, Customs Duty. Another factor that goes into the NAVs is the prem/disc to domestic prices which is usually as of yesterday. So in a volatile market the prem/disc can vary and may not be easy to figure out even for us as India does not have a spot exchange and the domestic spot prices are a poll. With the liquidity increasing sharply in Gold & Silver ETFs, and the increase in number of market makes, the traded prices are generally fair and reflect realities of the spot market unless there is intense stress in the underlying market.
Second, one unit of Goldcase equates to approximately 0.00157 grams of Gold. Hence, to consider 1 gram, one needs to buy approximately 637 units. Please note that these calculations are done on the basis of previous day’s valuations and NAV.
Hope this helps!
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So do you mean LBMA * Currency conversion * customs (approx)?
I read recently appon Nippon moving to tracking domestic gold prices? What would this mean? IBJA?
Thank you
LBMA * Currency conversion * customs (approx) and prem/disc to MCX spot and the relevant creation unit for the day which is available on our website for which the cash component needs to be adjusted. Every AMC is pegging their NAVs buy adjusting the prem/disc based on available MCX spot prices. This is done because we do not still have a spot exchange for commodities. Rgds
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Hey Anil, this is WIP, will come back. Rgds
Hi, I just paid my SIP installments through UPI around 9:20am but in Coin app it is showing 1:40am. Is there a glitch or am i missing something?
Hey Chetan, no plans as of now. Its not an easy product to run in an ETF format from a market making perspective. Rgds
@VishalJain now that sebi introduced lifecycle funds, can we expect target retirement funds from zerodha?
Hey Srinivas, yes, this is WIP. Thanks
Yes, its a category we think is pertinent for investors, its WIP for us at this time.
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Glad to know that!
I have predicted this 2 years back!
Can I invest in zerodha or any other AMC mutual fund through zerodha using money available in zerodha trading account? Is there any way out? Not interested in etf which doesn’t have lock in period
Hi Mahesh, you could invest in mutual funds through the Zerodha’s app COIN. However, for MFs, SEBI regulations require investments directly from your bank account and therefore it may not be possible to invest through your trading account directly. Rgds
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Is there a way to exit elss fund before 3 years?
I have stopped buying any Zerodha Fund House funds because I’m utterly dissatisfied with Zerodha trading glitches. I used to buy a lot of liquidcase from Zerodha. While fund house itself has no issues, its a rejection coming from dissatisfaction from other products of Zerodha.
Just wanted to let this be known to team here. I believe there may be more folks like me.
This is possible only in the case of transmission. Rgds