1 Lakh
Investment declined to₹ 10000
Monthly SIP Declined 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 | -7.41 | 0.10 | 2.99 | 4.85 | -6.30 | -9.56 | -0.68 | 13.22 | 8.61 | 5.81 | -- |
| Domestic Price of Gold* | -7.95 | -0.38 | 2.61 | 4.73 | -6.95 | -9.24 | 0.57 | 13.99 | 8.96 | 7.17 | -- |
| Commodities: Gold* | -7.39 | 0.07 | 2.62 | 4.42 | -6.40 | -9.20 | -0.66 | 13.22 | 8.61 | 5.73 | -- |
| Rank within category* | 4 | 2 | 3 | 3 | 4 | 8 | 7 | 6 | 8 | 4 | -- |
| Number of funds in category* | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 0 |
As on 12-Apr-2021
* As on 13-Apr-2021
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
|---|---|---|---|---|---|---|---|
| Nippon India Gold Savings Fund - Direct Plan | Invest Online |  |
Jan-13 | -0.68 | 13.22 | 8.61 | 0.10 | 1,240 |
| HDFC Gold Fund - Direct Plan | Invest Online |  |
Jan-13 | -0.52 | 13.47 | 8.93 | 0.25 | 1,062 |
| Kotak Gold Fund - Direct Plan | Invest Online | |
Jan-13 | -0.38 | 13.88 | 9.14 | 0.15 | 814 |
| SBI Gold Fund - Direct Plan | Invest Online | |
Jan-13 | -5.55 | 13.48 | 8.79 | 0.10 | 995 |
| ICICI Prudential Regular Gold Savings Fund (FOF) - Direct Plan | Invest Now | |
Jan-13 | -1.77 | 13.02 | 8.67 | 0.09 | 458 |
| Best Performance | Worst Performance | |||
|---|---|---|---|---|
| Return (%) | Period | Return (%) | Period | |
| Week | 13.47 | 23-Mar-2020 - 30-Mar-2020 | -12.02 | 09-Apr-2013 - 16-Apr-2013 |
| Month | 24.16 | 17-Mar-2020 - 16-Apr-2020 | -13.27 | 19-Mar-2013 - 18-Apr-2013 |
| Quarter | 23.62 | 16-Jan-2020 - 16-Apr-2020 | -16.38 | 15-Jan-2013 - 16-Apr-2013 |
| Year | 54.81 | 01-Aug-2019 - 31-Jul-2020 | -17.77 | 14-Nov-2013 - 14-Nov-2014 |
| Mean | Std Dev | Sharpe | Sortino | Beta | Alpha | |
|---|---|---|---|---|---|---|
| Fund | 12.09 | 15.19 | 0.50 | 1.05 | 0.97 | -0.59 |
| Domestic Price of Gold | 12.96 | 14.84 | 0.57 | 1.04 | -- | -- |
| Commodities: Gold | 12.53 | 15.09 | 0.54 | 1.13 | 0.95 | -0.02 |
| Rank within category | 9 | 7 | 9 | 8 | 9 | 9 |
| 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 31-Mar-2021
| Company | Instrument | Credit Rating | 1Y Range | % Assets | |
|---|---|---|---|---|---|
|
Others | Margin Money | -- | - | 0.00 |
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Mar-2021
— Mehul Dama since 06-Nov-2018
Education: Mr. Dama has done C.A. & B.Com
Experience: Prior to joining Nippon India Mutual Fund, he has worked with Goldman Sachs Asset Management(India) Private Ltd. as Vice President, Benchmark Asset Management Company Private Ltd. as Assistant Vice President and Lovelock & Lewes as Assistant Manager.
Funds Managed:
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The scheme seeks to provide returns that closely correspond to returns provided by R*Shares Gold BeES.
| Minimum Investment (₹) | 100 |
| Minimum Addl Investment (₹) | 100 |
| Minimum SIP Investment (₹) | 100 |
| Minimum No of Cheques | 60 |
| Minimum Withdrawal (₹) | 100 |
| Minimum Balance (₹) | 1 |
| Lock-in Period | Not Applicable |
| Exit Load | 1% for redemption within 15 days |
| Fund House: | Nippon India Mutual Fund |
| Launch Date: | 01-Jan-2013 |
| Return Since Launch: | 3.85% |
| Benchmark: | Domestic Price of Gold |
| Riskometer: | Moderately High |
| Type: | Open-ended |
| Assets: | ₹ 1,240 Cr (As on 31-Mar-2021) |
| Expense: | 0.10% (As on 28-Feb-2021) |
| Risk Grade: | Below Average |
| Return Grade: | Average |
| Turnover: | -- |
AMC: Nippon India Life Asset Management Ltd.
Address: Reliance Centre, 7th Floor, South Wing Off Western Express Highway Santacruz (East) Mumbai - 400055
Phone: 022-68334800 / 18602660111
Fax: 022-33037662
Email: [email protected].com
Website: http://www.nipponindiamf.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, 23-Apr-2021
12:30 PM - 01:00 PM