Gold funds provide returns closely in-line with the return provided by the price of gold.
We do not think of gold as a good long-term investment avenue and therefore we believe that investors can avoid these funds altogether.
But for those retail investors who'd still prefer to invest in gold, we believe that the Sovereign Gold Bond Scheme offered by the Government of India is a better alternative. This scheme offers a guaranteed return of 2.5% per year over and above the return provided by the price of gold, though the investment cannot be redeemed before a tenure of five years.
Taxability of earnings:
|Domestic Price of Gold||15.34||0.11||3.98||0.94||10.40||17.36||42.15||15.72||10.90||6.18||10.35|
|Rank within category||12||13||14||11||11||11||9||14||12||9||3|
|Number of funds in category||21||21||21||21||21||21||21||21||21||21||6|
As on 09-Apr-2020
|Best (Period)||Worst (Period)|
|Week||12.19 (21-Aug-2013 - 28-Aug-2013)||-13.19 (10-Apr-2013 - 17-Apr-2013)|
|Month||24.75 (29-Jul-2013 - 28-Aug-2013)||-15.08 (28-Aug-2013 - 27-Sep-2013)|
|Quarter||28.88 (29-May-2013 - 28-Aug-2013)||-19.25 (04-Sep-2013 - 04-Dec-2013)|
|Year||48.25 (23-Aug-2010 - 23-Aug-2011)||-19.74 (28-Aug-2013 - 28-Aug-2014)|
|Domestic Price of Gold||14.57||11.68||0.77||1.32||--||--|
|Rank within category||10||19||14||17||20||18|
|Number of funds in category||21||21||21||21||21||21|
The Risk Measures have been calculated using calendar month returns for the last three years.
As on 31-Mar-2020
|The underlying data is unavailable.|
As on 29-Feb-2020
Education: Mr. Sharma is a B.Com (H), Chartered Accountant and CFA (USA).
Experience: Prior to joining SBI AMC he has worked with HDFC AMC, Citigroup Wealth Advisors India Pvt. Ltd, Kotak Securities, Times Investors Services Pvt. Ltd. and Birla Sun Life Securities.
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The scheme seeks to generate returns that corresponds to the returns provided by price of gold through investment in physical Gold. The performance of the scheme may differ from the of the underlying asset due to tracking error.
|Minimum Investment (₹)||5,000|
|Minimum Addl Investment (₹)||--|
|Minimum SIP Investment (₹)||--|
|Minimum No of Cheques||--|
|Minimum Withdrawal (₹)||--|
|Minimum Balance (₹)||--|
|Fund House:||SBI Mutual Fund|
|Return Since Launch:||9.84%|
|Benchmark:||Domestic Price of Gold|
|Assets:||₹ 963 Cr (As on 29-Feb-2020)|
|Expense:||0.50% (As on 30-Sep-2019)|
AMC: SBI Funds Management Ltd
Address: 9th Floor-Crescenzo, C-38 & 39- G Block, Bandra-Kurla Complex, Bandra (East) Mumbai - 400051
Phone: 022-61793000 / 1800-425-5425
Email: [email protected]
Registrar & Transfer Agent: Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002
Phone: 1800-3010-6767 / 1800-419-7676
Email: [email protected]