360 ONE Asset Unveils Gold ETF for Indian Investors

365Telugu.com online news,Mumbai, 21s February 2025: 360 ONE Asset Management Limited (formerly IIFL Asset Management Limited) has announced the launch of the 360 ONE Gold ETF, an open-ended exchange-traded fund (ETF) designed to track domestic gold prices.

This passively managed fund offers investors a convenient and cost-effective way to gain exposure to gold while ensuring liquidity and transparency.

The New Fund Offer (NFO) will be open from 20 February 2025 to 28 February 2025, with a minimum application amount of Rs. 500, followed by investments in multiples of Re. 1. The NFO is priced at Rs. 10 per unit.

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The 360 ONE Gold ETF will invest at least 95% of its assets in gold or gold-related instruments, ensuring a close correlation with domestic gold price trends. The remaining 5% may be allocated to debt and money market instruments to enhance liquidity and manage operational needs.

The fund will be managed by Rahul Khetawat, Fund Manager at 360 ONE Asset, and will benchmark its performance against domestic gold prices. Additionally, the ETF comes with zero exit load, offering investors greater flexibility.

Raghav Iyengar, CEO of 360 ONE Asset, emphasized the significance of gold as an investment asset in India: “Gold remains an integral part of Indian investors’ portfolios. With the 360 ONE Gold ETF, we aim to provide a seamless and transparent investment option, eliminating the challenges of physical ownership.

This aligns with our commitment to offering innovative and investor-friendly solutions in the wealth management sector.”

Rahul Khetawat, Fund Manager, highlighted the role of gold in portfolio diversification:
“Gold has historically been a key asset for diversifying portfolios. Our Gold ETF is designed to track gold prices closely while ensuring liquidity and cost efficiency.

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We believe this will be a valuable investment avenue for those looking to leverage gold’s long-term growth potential.”

The 360 ONE Gold ETF is tailored for investors seeking long-term capital appreciation through gold price movements. The fund aims to deliver returns in line with physical gold, making it a strategic addition to investment portfolios.

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