Suitability:
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:
Capital gains
Dividends
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| YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.49 | -0.33 | -0.05 | 4.48 | 3.20 | 13.30 | 23.25 | 10.26 | 5.98 | 2.13 | -- |
| Domestic Price of Gold | 2.01 | -0.01 | 1.13 | 5.35 | 4.36 | 12.09 | 23.94 | 10.95 | 7.04 | 3.88 | -- |
| Commodities: Gold | 2.24 | 0.12 | 0.61 | 5.22 | 4.67 | 13.08 | 22.46 | 9.68 | 5.98 | 2.41 | -- |
| Rank within category* | 21 | 2 | 7 | 20 | 21 | 4 | 2 | 1 | 13 | 16 | -- |
| Number of funds in category* | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 5 |
As on 22-Jan-2020
* As on 23-Jan-2020
| Best (Period) | Worst (Period) | |
|---|---|---|
| Week | 10.53 (02-Aug-2011 - 09-Aug-2011) | -12.48 (10-Apr-2013 - 17-Apr-2013) |
| Month | 20.49 (22-Jul-2011 - 23-Aug-2011) | -13.23 (18-Mar-2013 - 17-Apr-2013) |
| Quarter | 27.57 (15-Jun-2011 - 14-Sep-2011) | -17.36 (16-Jan-2013 - 17-Apr-2013) |
| Year | 33.32 (04-Jul-2011 - 03-Jul-2012) | -18.17 (14-Nov-2013 - 14-Nov-2014) |
| Mean | Std Dev | Sharpe | Sortino | Beta | Alpha | |
|---|---|---|---|---|---|---|
| Fund | 11.07 | 11.88 | 0.45 | 0.82 | 0.92 | -0.15 |
| Domestic Price of Gold | 11.72 | 11.80 | 0.86 | -- | -- | -- |
| Commodities: Gold | 10.46 | 11.37 | 0.42 | 0.72 | 0.94 | -0.89 |
| Rank within category | 2 | 21 | 3 | 2 | 9 | 1 |
| 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-Dec-2019
| The underlying data is unavailable. |
As on 31-Dec-2019
— Abhishek Bisen since 04-Mar-2011
Education: Mr. Bisen is a BA and MBA in Finance.
Experience: Prior to joining Kotak AMC, Abhishek was working with Securities Trading Corporation Of India Ltd where he was looking at Sales & Trading of Fixed Income Products apart from doing Portfolio Advisory. His earlier assignments also include 2 years of merchant banking experience with a leading merchant banking firm.
Funds Managed:
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The scheme seeks to generate returns by investing in units of Kotak Gold Exchange Traded Fund.
| Minimum Investment (₹) | 5,000 |
| Minimum Addl Investment (₹) | 1,000 |
| Minimum SIP Investment (₹) | 1,000 |
| Minimum No of Cheques | 6 |
| Minimum Withdrawal (₹) | 1,000 |
| Minimum Balance (₹) | 1,000 |
| Exit Load | 2% for redemption within 180 days 1% for redemption between 181 - 364 days |
| Fund House: | Kotak Mahindra Mutual Fund |
| Launch Date: | 25-Mar-2011 |
| Return Since Launch: | 5.89% |
| Benchmark: | Domestic Price of Gold |
| Riskometer: | Moderately High |
| Type: | Open-ended |
| Assets: | ₹ 205 Cr (As on 31-Dec-2019) |
| Expense: | 0.60% (As on 30-Sep-2019) |
| Risk Grade: | Average |
| Return Grade: | High |
| Turnover: | -- |
Fundwire - 12-Jul-2016
House Voice - 13-Dec-2012
AMC: Kotak Mahindra Asset Management Company Ltd
Address: 27 BKC, C-27, G Block, Bandra Kurla Complex, Bandra (E) Mumbai - 400051
Phone: 022-61152100 / 1800-22-2626
Fax: 022-66384455
Email: [email protected]
Website: www.kotakmutual.com
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
Fax: 044-30407101
Email: [email protected]
Website: www.camsonline.com
Saturday, 25-Jan-2020
12:30 PM - 01:00 PM