1 LakhInvestment Grown to
₹ 10000Monthly SIP Grown to
Gold funds provide returns that are closely in line with the returns provided by 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. Read this article to know why.
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 cent 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*||36.34||0.20||2.11||11.34||14.49||30.99||48.19||23.40||16.42||9.93||11.48|
As on 03-Aug-2020
* As on 04-Aug-2020
|Fund name||Rating||Launch Date||1-Year Return||3-Year Return||5-Year Return||Expense Ratio||Assets (Cr)|
|Invesco India Gold Exchange Traded Fund | Invest Online||Mar-10||47.17||22.36||15.38||0.45||58|
|HDFC Gold Fund | Invest Online||Nov-11||49.71||21.97||14.98||0.45||663|
|Nippon India ETF Gold BeES | Invest Online||Mar-07||47.27||22.11||15.44||0.79||4,206|
|ICICI Prudential Gold Exchange Traded Fund | Invest Now||Aug-10||45.96||21.80||15.02||0.98||1,468|
|HDFC Gold Exchange Traded Fund | Invest Online||Aug-10||46.08||21.74||15.35||0.64||1,438|
|Best (Period)||Worst (Period)|
|Week||12.15 (21-Aug-2013 - 28-Aug-2013)||-13.13 (10-Apr-2013 - 17-Apr-2013)|
|Month||26.45 (29-Jul-2013 - 28-Aug-2013)||-16.21 (28-Aug-2013 - 27-Sep-2013)|
|Quarter||30.55 (29-May-2013 - 28-Aug-2013)||-20.15 (28-Aug-2013 - 27-Nov-2013)|
|Year||50.93 (21-May-2019 - 20-May-2020)||-20.84 (28-Aug-2013 - 28-Aug-2014)|
|Domestic Price of Gold||21.63||12.95||1.27||2.21||--||--|
The Risk Measures have been calculated using calendar month returns for the last three years.
As on 31-Jul-2020
|The underlying data is unavailable.|
As on 30-Jun-2020
Education: Mr. Cheemalapati is a B.E., PGDBA and CFA from ICFAI Hyderabad.
Experience: Prior to joining Invesco Mutual Fund, he has worked with Reliance General Insurance Company Ltd. as CIO and with ICAP India Pvt. Ltd as fixed income dealer.
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The fund aims to provide returns that closely correspond to the return provided by the price of gold through investment in physical gold.
|Minimum Investment (₹)||5,000|
|Minimum Addl Investment (₹)||--|
|Minimum SIP Investment (₹)||--|
|Minimum No of Cheques||--|
|Minimum Withdrawal (₹)||--|
|Minimum Balance (₹)||--|
|Fund House:||Invesco Mutual Fund|
|Return Since Launch:||10.74%|
|Benchmark:||Domestic Price of Gold|
|Assets:||₹ 58 Cr (As on 30-Jun-2020)|
|Expense:||0.45% (As on 30-Jun-2020)|
AMC: Invesco Asset Management (India) Pvt. Ltd
Address: 2101 - A-A Wing - 21st Floor, Marathon Futurex, N.M. Joshi Marg, Lower Parel, Mumbai - 400013
Phone: 022-67310000 / 1800-209-0007
Email: [email protected]
Registrar & Transfer Agent: KFin Technologies Pvt Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016
Email: [email protected]