NFO Update: 360 ONE Mutual Fund Introduces Gold ETF
360 ONE Gold ETF has been launched on February 20, 2025 by 360 ONE Mutual Fund (previously known as IIFL Mutual Fund). This is an open-ended exchange-traded fund (ETF) made to generate returns which will match with domestic gold prices, though there can be some tracking error.
This ETF is listed for trading on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) and is benchmarked against domestic gold prices. Investors easily buy and sell units through these stock exchanges.
The New Fund Offer (NFO) for the 360 ONE Gold ETF will be opened till February 28, 2025. Investors can make an investment of minimum amount of Rs.500. The NAV of the mutual fund will be updated on daily basis on the Association of Mutual Funds in India (AMFI) and also on the fund house’s websites. During the trading hours you will be able to see indicative NAVs (iNAV) on stock exchange platforms. The fund is being launched at the time when investors are showing strong interest in gold ETFs.
The investment reached Rs.3,751.4 crore in gold ETFs, resulting as the highest monthly inflow ever recorded. This was a huge rise as compared to Rs.640 crore in December 2024.
There are several factors that are responsible for the growing demand for gold ETFs. Investors are looking for safer investment options due to increasing gold prices, market fluctuations etc. Moreover, investors are expecting central banks to lower interest rates, which have made gold a more attractive investment. Inflation is also one of the reasons why investors are interested more towards gold ETFs.
With increasing popularity of gold ETFs, investors have good opportunity to invest in gold. Gold has always been a popular investment during uncertain times, so 360 ONE Gold ETF is a good choice for people to invest in gold. As, it is listed in both NSE and BSE, it will be easy to buy and sell it. It is perfect for both large and small investors as the minimum investment amount is also very low. This fund is suitable for those who wants to add gold to their investments. It helps investors to benefit from gold’s price growth, with reduced risks of markets fluctuations.
