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*||6.00||0.28||2.11||3.90||8.84||6.91||23.04||11.94||9.15||4.88||--|
As on 20-Feb-2020
* As on 24-Feb-2020
|Best (Period)||Worst (Period)|
|Week||12.12 (21-Aug-2013 - 28-Aug-2013)||-13.06 (10-Apr-2013 - 17-Apr-2013)|
|Month||24.56 (29-Jul-2013 - 28-Aug-2013)||-14.96 (28-Aug-2013 - 27-Sep-2013)|
|Quarter||28.41 (29-May-2013 - 28-Aug-2013)||-19.17 (04-Sep-2013 - 04-Dec-2013)|
|Year||43.49 (16-Nov-2010 - 16-Nov-2011)||-19.73 (28-Aug-2013 - 28-Aug-2014)|
|Domestic Price of Gold||11.88||11.84||0.53||0.89||--||--|
The Risk Measures have been calculated using calendar month returns for the last three years.
As on 31-Jan-2020
|The underlying data is unavailable.|
As on 31-Jan-2020
Education: Mr. Shah is B.Com and ACA.
Experience: Prior to joining Axis AMC he has worked with ICICI Prudential AMC, Deutsche Asset Management (India) Pvt. Ltd. and Pricewaterhouse Coopers.
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The scheme seeks to generate returns that are in line with the performance of gold.
|Minimum Investment (₹)||5,000|
|Minimum Addl Investment (₹)||--|
|Minimum SIP Investment (₹)||--|
|Minimum No of Cheques||--|
|Minimum Withdrawal (₹)||--|
|Minimum Balance (₹)||--|
|Fund House:||Axis Mutual Fund|
|Return Since Launch:||6.67%|
|Benchmark:||Domestic Price of Gold|
|Assets:||₹ 146 Cr (As on 31-Jan-2020)|
|Expense:||0.50% (As on 30-Sep-2019)|
AMC: Axis Asset Management Company Ltd.
Address: "Axis House" - 1st Floor, C-2 - Wadia International Centre, Pandurang Budhkar Marg , Worli, Mumbai - 400025
Registrar & Transfer Agent: KFin Technologies Pvt Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016
Email: [email protected]