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3 star

Axis Gold Fund - Direct Plan


Commodities: Gold

1 Lakh

Investment Grown to
₹ 1.44 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.42 Lakh

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

  • 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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 25.23 0.78 2.06 5.16 6.63 23.16 44.11 19.81 11.93 7.87 --
Domestic Price of Gold 24.32 1.38 -0.16 5.18 7.79 18.99 39.65 20.27 13.13 9.24 --
Commodities: Gold 25.56 0.92 2.27 3.89 6.08 22.96 43.23 19.35 12.19 8.09 --
Rank within category 6 3 8 6 4 5 5 3 8 9 --
Number of funds in category 10 10 10 10 10 10 10 10 10 10 0

As on 09-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Axis Gold Fund - Direct Plan  | Invest Online
3 star
Jan-13 44.11 19.81 11.93 0.15 127
HDFC Gold Fund - Direct Plan  | Invest Online
4 star
Jan-13 43.79 19.62 12.48 0.25 663
Kotak Gold Fund - Direct Plan  | Invest Online
4 star
Jan-13 45.60 19.86 13.00 0.15 509
Nippon India Gold Savings Fund - Direct Plan  | Invest Online
3 star
Jan-13 44.38 19.38 12.24 0.89 952
SBI Gold Fund - Direct Plan  | Invest Online
3 star
Jan-13 45.15 19.82 12.40 0.12 555

Best & Worst Performance

Best (Period) Worst (Period)
Week 15.23 (08-Apr-2020 - 15-Apr-2020) -11.60 (10-Apr-2013 - 17-Apr-2013)
Month 27.41 (16-Mar-2020 - 15-Apr-2020) -12.00 (19-Mar-2013 - 18-Apr-2013)
Quarter 31.09 (15-Jan-2020 - 15-Apr-2020) -16.35 (28-Mar-2013 - 28-Jun-2013)
Year 63.45 (16-Apr-2019 - 15-Apr-2020) -18.37 (14-Nov-2013 - 14-Nov-2014)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 18.21 12.86 1.00 1.84 0.97 0.55
Domestic Price of Gold 18.09 12.00 1.07 1.77 -- --
Commodities: Gold 17.53 12.21 1.01 1.87 0.92 0.40
Rank within category 1 9 6 7 10 4
Number of funds in category 10 10 10 10 10 10

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Jun-2020

Top Holdings

The underlying data is unavailable.

As on 30-Jun-2020

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.

Funds Managed:


0.78%

Change from previous, NAV as on 09-Jul-2020

Growth: ₹ 16.3808

Dividend: ₹ 16.3964


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
Exit Load 1% for redemption within 365 days

Basic Details

Fund House: Axis Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 4.92%
Benchmark: Domestic Price of Gold
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 127 Cr (As on 30-Jun-2020)
Expense: 0.15% (As on 31-Jul-2018)
Risk Grade: Above Average
Return Grade: Average
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

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