Professional Documents
Culture Documents
Uploads Presentations 79 Rajan Mehta (Benchmark)
Uploads Presentations 79 Rajan Mehta (Benchmark)
Uploads Presentations 79 Rajan Mehta (Benchmark)
Gold BeES
Gold BeES
ETF Advantages
Real Time trading v/s end of the day prices Easy availability through stock exchanges Long term share holders do not subsidize transaction cost of short term traders Low cost Available in lower denomination Convenient for long term holding
Gold BeES
Growth of ETFs
Growth of International ETFs
600 400 200 AUM $ Billion
No. Of ETF 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 Jun700 600 500 400 300 200 100 0
1
3
1
3
2
4
5
21
8
21
18
31
40
33
AUM $ Billion
No. Of ETF
Gold BeES
8 6 4 2 0
Assets
No of ETF
7
1
206
5
333
6
611
6
868
6
1200
6
Gold BeES
Gold BeES
Gold BeES
Gold BeES
Current Scenario
Gold is acquired and stored in the form of Jewelry, Bars, Coins, Gold Deposits, Gold Accumulation Plan and now Warehouse Receipts GAP, GDS and WRs can be classified as non physical Out of this GAP is in unorganized sector, GDS in current for is very restrictive and WR is having higher denomination
Gold BeES
Current Scenario
There is need for an instrument which has
Small denomination Cost efficiency Convenience for long term holding Greater uniform availability Liquidity
Gold BeES
Target Market
Gold BeES will be targeted
savers and it is intended work more like very flexible Gold Accumulation plan investors who would like to use gold as portfolio diversification and long term store of value
Gold BeES
Gold BeES
Gold BeES
Cash Buyer
Gold BeES
Gold BeES
Advantages
Small unit size for accumulation Will remain in demat form hence no risk of theft No worries about purity of gold Established procedures for putting Gold BeES (demat security) as collateral for borrowing
Gold BeES
Advantages
Listing of one of the most popular commodity linked fund on NSE It will introduce many new investors to NSE / NSDL/CDSL who have never traded on NSE before or opened DP accounts World wide already gold ETFs are successful Gold BeES
Thank You
Gold BeES