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5 star

Axis Gold Fund


Commodities: Gold

1 Lakh

Investment Grown to
₹ 1.01 Lakh

₹ 10000

Monthly SIP Declined to
₹ 1.16 Lakh

Suitability:

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

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

Read more

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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -5.29 0.94 1.42 2.92 0.22 -8.62 0.92 14.61 7.78 4.60 --
Domestic Price of Gold -5.88 0.73 0.94 4.76 -1.51 -9.40 0.94 15.00 9.07 7.61 --
Commodities: Gold -5.31 0.96 1.78 3.68 0.72 -8.83 1.00 13.93 8.18 6.00 --
Rank within category 12 10 20 17 16 4 13 1 20 21 --
Number of funds in category 21 21 21 21 21 21 21 21 21 21 11

As on 07-May-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Axis Gold Fund
5 star
Oct-11 0.92 14.61 7.78 0.67 212
HDFC Gold Fund  | Invest Online
4 star
Nov-11 0.42 13.62 8.27 0.50 1,062
Kotak Gold Fund Regular Plan  | Invest Online
4 star
Mar-11 -0.17 14.44 8.45 0.54 814
ICICI Prudential Regular Gold Savings Fund (FOF)  | Invest Now
4 star
Oct-11 -0.83 13.38 8.15 0.53 458
Nippon India ETF Gold BeES  | Invest Online
Unrated
Mar-07 2.15 14.11 8.33 0.82 5,277

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 13.84 15.45 0.61 1.31 0.97 -0.47
Domestic Price of Gold 14.67 15.09 0.68 1.27 -- --
Commodities: Gold 13.67 15.11 0.62 1.22 0.97 -0.71
Rank within category 6 19 16 4 7 2
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 30-Apr-2021

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Others CBLO -- - 3.03

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Mar-2021

Fund Manager

— 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.

Interviews:

Funds Managed:


0.94%

Change from previous, NAV as on 07-May-2021

Growth: ₹ 14.6460

IDCW: ₹ 14.6645


Investment Strategy

The scheme seeks to generate returns that closely correspond to returns generated by Axis Gold ETF.

Investment Details

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
Lock-in Period Not Applicable
Exit Load 1% for redemption within 365 days

Basic Details

Fund House: Axis Mutual Fund
Launch Date: 20-Oct-2011
Return Since Launch: 4.08%
Benchmark: Domestic Price of Gold
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 212 Cr (As on 31-Mar-2021)
Expense: 0.67% (As on 31-Mar-2021)
Risk Grade: Average
Return Grade: High
Turnover: --

Contact Information

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

Last Session

Investors' Hangout

With the resurgence of COVID-19, what should investors do?

DateFriday, 07-May-2021
Time12:30 PM - 01:00 PM

Registration Over