Chandigarh, 21 February 2025: 360 ONE Asset Management Limited (formerly known as IIFL Asset Management Limited) (“360 ONE Asset”), announced the launch of 360 ONE Gold ETF. It is an open-ended exchange-traded fund (ETF) designed to replicate or track domestic gold prices. This passively managed fund provides investors with a convenient and efficient way to gain exposure to gold, combining liquidity, transparency, and cost-effectiveness.
The New Fund Offer (NFO) will remain open from 20 February 2025 to 28 February 2025. The minimum application amount is Rs. 500 (and in multiples of Re.1 thereafter.) The NFO is priced at Rs. 10 per unit.
The 360 ONE Gold ETF will invest at least 95% of its total assets in gold or gold-related instruments, ensuring close alignment with domestic gold price movements. The remaining 5% may be allocated to debt or money market securities to enhance liquidity and manage operational requirements.
The fund will be managed by Rahul Khetawat, Fund Manager at 360 ONE Asset, and will track domestic gold prices as its benchmark. Notably, the ETF comes with zero exit load, ensuring flexibility for investors.
Commenting on the launch, Raghav Iyengar, CEO, 360 ONE Asset, said, “Gold has always been a key asset class for Indian investors. With the 360 ONE Gold ETF, we aim to provide a seamless, transparent, and efficient way to invest in gold, without the hassles of physical ownership. This ETF aligns with our philosophy of offering innovative and investor-friendly solutions in the wealth management space.”
Rahul Khetawat, Fund Manager at 360 ONE Asset, added, “Gold has historically played a crucial role in portfolio diversification. Our Gold ETF is designed to track gold prices closely while offering the advantages of liquidity and cost efficiency. We believe this will be a valuable addition to investors looking to benefit from gold’s long-term potential.”
The 360 ONE Gold ETF is suitable for investors seeking long-term capital appreciation in alignment with gold price movements. The fund aims to generate returns in line with physical gold.