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 | 10.09 | 3.56 | 5.87 | 7.67 | 12.66 | 13.83 | 26.71 | 11.59 | 8.92 | 4.25 | -- |
| Domestic Price of Gold | 6.00 | 0.28 | 2.11 | 3.90 | 8.84 | 6.91 | 23.04 | 11.94 | 9.15 | 4.88 | -- |
| Commodities: Gold | 10.73 | 4.38 | 6.36 | 8.19 | 13.28 | 13.07 | 28.93 | 12.40 | 8.91 | 4.30 | -- |
| Rank within category | 20 | 20 | 19 | 19 | 20 | 8 | 20 | 19 | 14 | 12 | -- |
| Number of funds in category | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 5 |
As on 24-Feb-2020
| Best (Period) | Worst (Period) | |
|---|---|---|
| Week | 8.45 (08-Aug-2013 - 16-Aug-2013) | -11.39 (10-Apr-2013 - 18-Apr-2013) |
| Month | 15.74 (02-Aug-2013 - 03-Sep-2013) | -13.48 (02-May-2014 - 03-Jun-2014) |
| Quarter | 21.66 (30-May-2019 - 29-Aug-2019) | -16.01 (15-Jan-2013 - 16-Apr-2013) |
| Year | 26.88 (04-Sep-2018 - 04-Sep-2019) | -17.90 (12-Mar-2014 - 12-Mar-2015) |
| Mean | Std Dev | Sharpe | Sortino | Beta | Alpha | |
|---|---|---|---|---|---|---|
| Fund | 9.92 | 10.72 | 0.40 | 0.79 | 0.86 | -1.07 |
| Domestic Price of Gold | 11.88 | 11.84 | 0.53 | 0.89 | -- | -- |
| Commodities: Gold | 10.80 | 11.45 | 0.45 | 0.78 | 0.94 | -0.73 |
| Rank within category | 20 | 4 | 20 | 7 | 2 | 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-Jan-2020
| The underlying data is unavailable. |
As on 31-Jan-2020
— Manish Banthia since 17-Sep-2012
Education: Mr. Banthia is B.Com, CA and MBA
Experience: He is associated with ICICI Prudential Asset Management Company since Oct 2005, ICICI Prudential AMC - Fixed Income Investments - Aug 2007 to Oct 2009, ICICI Prudential AMC - New Product Development - Oct 2005 to Jul 2007, Aditya Birla Nuvo Ltd. - From May 2005 to Oct 2005, Aditya Birla Management Corporation Ltd. - From May 2004 to May 2005.
Funds Managed:
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The scheme aims to generate returns by investing in units of ICICI Prudential Gold Exchange Traded Fund.
| Minimum Investment (₹) | 100 |
| Minimum Addl Investment (₹) | 100 |
| Minimum SIP Investment (₹) | 100 |
| Minimum No of Cheques | 6 |
| Minimum Withdrawal (₹) | 1 |
| Minimum Balance (₹) | -- |
| Exit Load | 1% for redemption within 15 days |
| Fund House: | ICICI Prudential Mutual Fund |
| Launch Date: | 11-Oct-2011 |
| Return Since Launch: | 4.44% |
| Benchmark: | Domestic Price of Gold |
| Riskometer: | Moderately High |
| Type: | Open-ended |
| Assets: | ₹ 98 Cr (As on 31-Jan-2020) |
| Expense: | 0.41% (As on 31-Jan-2020) |
| Risk Grade: | Average |
| Return Grade: | Average |
| Turnover: | -- |
House Voice - 03-Dec-2012
AMC: ICICI Prudential Asset Management Company Ltd
Address: One BKC , A Wing , 13th Floor, Bandra Kurla Complex, Mumbai - 400051
Phone: 022-26525000 / 1800-222-999 / 1800-200-6666
Fax: 022-26528100
Email: [email protected]
Website: www.icicipruamc.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
Friday, 28-Feb-2020
12:30 PM - 01:00 PM