Our gold ETF (GOLDCASE) just listed today. This is @ZerodhaAMC's third fund after the Zerodha Nifty LargeMidcap 250 Index Fund, ELSS, and Liquid ETF (LIQUIDCASE). The exciting bit is that our first NFO was in November, and as of yesterday, we're almost at Rs 600 crores of AUM with 1 lakh+ unique investors. A lot of the investors are young and starting with smaller SIPs. Getting these people into the market was one of the goals behind the AMC. Also, LIQUIDCASE is eligible for pledging starting today. LIQUIDCASE is India's first liquid ETF with a growth NAV. That means the interest is added to the NAV, and it keeps increasing. There are no dividends, hassles with fractional units, tracking returns, etc. To invest, just search for Zerodha on Kite 😉
@Nithin0dha @ZerodhaAMC Do you plan to cross list ETFs in the US?
@Nithin0dha @ZerodhaAMC For the past month, I have been trying to open an offline HUF account but the verifier is simply not responding. Mailed called numerous times but simply no response.
@Nithin0dha @ZerodhaAMC For putting emergency cash which one is better a liquid fund or liquid ETF ??
Hi Nithin, hope you are doing well now. Just curious as to why did you decide to start Gold ETF? Especially when the tax arbitrage has diminished (30% STCG tax no matter what the holding period is), and SGB gains are tax exempt and even give 2.5% interest p.a. Moreover, Gold ETF has an expense ratio which further reduces absolute returns as well. Source: 1 Finance Magazine
@Nithin0dha @ZerodhaAMC How are you now bro?
@Nithin0dha @ZerodhaAMC @Nithin0dha , where can I read more about goldcase?
@Nithin0dha @ZerodhaAMC Hi .. liquid ETF is cash component or not? Is ther any stt?