Gold Fund Unit Size Creation

Get number of units* and amount for creation and redemption of Quantum Gold Fund which will be exchanged for Portfolio Deposit and cash component.

Description Particulars (Mumbai) Particulars (Ahmedabad)
Creation / Redemption Units for 26 July, 2024 26 July, 2024
Mode of Subscription/Redemption in Kind (Gold) in Kind (Gold)
No of Units (Creation/Redemption Unit Size) 1,20,000 1,20,000
NAV per Unit 57.1971 57.1971
Value of 1,20,000 units 6863652 6863652

Cash Component Amount for Creation

Description Particulars (Mumbai) Particulars (Ahmedabad)
Value of Gold Delivered (Rs) (Includes custom duty and stamp duty) 67,89,605 67,89,606
GST (3.00 %) on total value of Gold 2,03,688 2,03,688
Total Gold value with GST 69,93,293 69,93,294
Add : TCS at 0.1% 6,993 6,993
Total Gold value with GST and TCS 70,00,286 70,00,287
NAV in Amount (Excluding Stamp Duty) 68,63,652 68,63,652
Add : Stamp Duty at 0.005% 343 343
NAV in Amount (Including Stamp Duty) 68,63,995 68,63,995
Cash Component Amount Payable to AP / (Receivable from AP) 1,36,291 1,36,292

Cash Component Amount when TDS applicable

Description Particulars (Mumbai) Particulars (Ahmedabad)
Total Gold value with GST 69,93,293 69,93,294
Less : TDS at 0.1% -6,790 -6,790
Total Gold value with GST and TDS 69,86,503 69,86,503
NAV in Amount (Excluding Stamp Duty) 68,63,652 68,63,652
Add : Stamp Duty at 0.005% 343 343
NAV in Amount (Including Stamp Duty) 68,63,995 68,63,995
Cash Component Amount Payable to AP / (Receivable from AP) 1,22,508 1,22,509

Cash Component Amount for Redemption

Description Particulars (Mumbai) Particulars (Ahmedabad)
Value of Gold Delivered (Rs) (Includes customs duty and stamp duty) 67,89,605 67,89,606
GST (3.00 %) on total value of Gold 2,03,688 2,03,688
Total Gold value with GST 69,93,293 69,93,294
Add : TCS at 0.1% 6,993 6,993
Total Gold value with GST and TCS 70,00,286 70,00,287
NAV in Amount (Excluding Stamp Duty) 68,63,652 68,63,652
Cash Component Amount Payable to AP / (Receivable from AP) -1,36,634 -1,36,635

  • Note A:

    Cash Component for those who have applied before 3 p.m. on 26 Jul, 2024

  • Note B:

    NAV as on 26 Jul, 2024 is 57.1971

  • Note C:

    • 1.

      If Cash Comp is Positive investor will receive on creation and will pay during redemption

    • 2.

      If Cash Comp is Negative investor has to pay on creation and will receive on redemption

  • Note D:

    The above creation unit size is for 1,20,000 units of Quantum Gold Fund

  • Note E:

    Profit /Loss on buying and selling of Gold for the transaction by the Fund House will be borne by investor when the Creation /Redemption is in cash.

  • Note F:

    Stamp Duty amount will be recovered from Investor in cash instead of units and same will be adjusted in Cash Component working.

  • Note G:

    Stamp Duty not applicable on Redemption Transaction.

  • Note H:

    TDS / TCS is applicable at the rates specified for transactions whose aggregate value exceeds Rs.50 lakhs in a financial year

  • Note I:

    Rate of TCS is 0.10% (if PAN / Aadhar is available ) & 1% (if PAN / Aadhar is not available).

  • Note J:

    Rate of TDS is 0.10% (if PAN / Aadhar is available ) & 5% (if PAN / Aadhar is not available) when Turnover/ Gross Receipt/ Sales from the business of BUYER should exceed Rs 10 crore during the year (FY 20-21) (excluding GST), applicable w.e.f 01st July, 2021

'Creation Unit Size' is the number of Quantum Gold Fund units, which is exchanged for the Portfolio Deposit and cash component. Presently the creation unit size is units and is equivalent to 1 kg of physical gold. The Fund may from time to time change the size of the creation unit size in order to equate it with marketable lots of the underlying instruments.

The Portfolio Deposit shall consist of physical gold of defined purity and quantity, and the cash component represents the difference between the applicable NAV of units in creation unit size and the market value of physical Gold.

The facility of creating/redeeming units in creation unit size will be available only for the Authorised Participants and large or eligible investors as defined in the Offer Document.

Who are Authorized Participants and what is their role? Who are Eligible Investors?

The Authorised Participants (APs) are appointed by the AMC. They act as market makers to improve the liquidity of the ETF on the exchanges. The APs provide quotes in the exchange and ensure that investors have a ready buyer and seller any time they wish to enter into a transaction during market hours. After the NFO, only authorized participants and eligible investors can create/ redeem units directly with the fund.

Eligible investors are investors who buy units in creation unit size. Eligible investors can directly create or redeem the units in lieu of physical gold of 1 kg and multiples thereof from the AMC if they so desire. Please do refer to the offer document for more information and the terms and conditions for the same.

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