1 Lakh
Investment Grown to₹ 10000
Monthly SIP Grown toSuitability:
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:
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 | 31.44 | 1.21 | 0.94 | -3.59 | 8.79 | 26.74 | 36.63 | 19.80 | 12.55 | 5.97 | -- |
| Domestic Price of Gold | 31.66 | -1.34 | 0.04 | -2.15 | 9.10 | 30.13 | 32.37 | 19.74 | 14.36 | 8.13 | -- |
| Commodities: Gold | 31.16 | 0.51 | 0.39 | -4.03 | 8.03 | 27.32 | 33.86 | 19.00 | 12.93 | 7.05 | -- |
| Rank within category | 8 | 1 | 3 | 4 | 2 | 18 | 2 | 2 | 19 | 21 | -- |
| Number of funds in category | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 8 |
As on 18-Sep-2020
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
|---|---|---|---|---|---|---|---|
| Axis Gold Fund | Invest Online |  |
Oct-11 | 36.63 | 19.80 | 12.55 | 0.67 | 188 |
| HDFC Gold Fund | Invest Online |  |
Nov-11 | 36.35 | 18.05 | 12.84 | 0.60 | 905 |
| Kotak Gold Fund Regular Plan | Invest Online | |
Mar-11 | 37.95 | 20.29 | 13.61 | 0.55 | 701 |
| Nippon India ETF Gold BeES | Invest Online | Mar-07 | 32.26 | 19.06 | 13.07 | 0.79 | 5,170 | |
| HDFC Gold Exchange Traded Fund | Invest Online | Aug-10 | 31.95 | 18.89 | 13.10 | 0.59 | 1,916 |
| Best (Period) | Worst (Period) | |
|---|---|---|
| Week | 15.22 (08-Apr-2020 - 15-Apr-2020) | -11.64 (10-Apr-2013 - 17-Apr-2013) |
| Month | 27.39 (16-Mar-2020 - 15-Apr-2020) | -12.09 (19-Mar-2013 - 18-Apr-2013) |
| Quarter | 30.92 (15-Jan-2020 - 15-Apr-2020) | -16.60 (28-Mar-2013 - 28-Jun-2013) |
| Year | 62.79 (16-Apr-2019 - 15-Apr-2020) | -19.58 (14-Nov-2013 - 14-Nov-2014) |
| Mean | Std Dev | Sharpe | Sortino | Beta | Alpha | |
|---|---|---|---|---|---|---|
| Fund | 19.12 | 14.01 | 1.00 | 1.99 | 0.98 | -0.57 |
| Domestic Price of Gold | 20.00 | 13.10 | 1.13 | 2.04 | -- | -- |
| Commodities: Gold | 18.73 | 13.35 | 1.02 | 1.91 | 0.98 | -0.96 |
| Rank within category | 3 | 20 | 17 | 5 | 10 | 3 |
| 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-Aug-2020
| The underlying data is unavailable. |
As on 31-Aug-2020
— Devang Shah since 07-Jun-2016
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.
Funds Managed:
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The scheme seeks to generate returns that closely correspond to returns generated by Axis Gold ETF.
| Minimum Investment (₹) | 5,000 |
| Minimum Addl Investment (₹) | 100 |
| Minimum SIP Investment (₹) | 1,000 |
| Minimum No of Cheques | 6 |
| Minimum Withdrawal (₹) | 1,000 |
| Minimum Balance (₹) | 1 |
| Exit Load | 1% for redemption within 365 days |
| Fund House: | Axis Mutual Fund |
| Launch Date: | 20-Oct-2011 |
| Return Since Launch: | 5.43% |
| Benchmark: | Domestic Price of Gold |
| Riskometer: | Moderately High |
| Type: | Open-ended |
| Assets: | ₹ 188 Cr (As on 31-Aug-2020) |
| Expense: | 0.67% (As on 31-Aug-2020) |
| Risk Grade: | Above Average |
| Return Grade: | Average |
| Turnover: | -- |
AMC: Axis Asset Management Company Ltd.
Address: "Axis House" - 1st Floor, C-2 - Wadia International Centre, Pandurang Budhkar Marg , Worli, Mumbai - 400025
Phone: 022-24255161
Fax: 022-43255199
Email: [email protected] / [email protected]
Website: http://www.axismf.com
Registrar & Transfer Agent: KFin Technologies Pvt Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016
Phone: 040-44857874
Email: [email protected]
Website: www.karvymfs.com
Friday, 25-Sep-2020
12:30 PM - 01:00 PM