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3 star

Nippon India Gold Savings Fund - Direct Plan


Commodities: Gold

1 Lakh

Investment declined to
₹ 0.99 Lakh

₹ 10000

Monthly SIP Declined to
₹ 1.13 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 -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

Peer Comparison

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
3 star
Jan-13 -0.68 13.22 8.61 0.10 1,240
HDFC Gold Fund - Direct Plan  | Invest Online
4 star
Jan-13 -0.52 13.47 8.93 0.25 1,062
Kotak Gold Fund - Direct Plan  | Invest Online
4 star
Jan-13 -0.38 13.88 9.14 0.15 814
SBI Gold Fund - Direct Plan  | Invest Online
3 star
Jan-13 -5.55 13.48 8.79 0.10 995
ICICI Prudential Regular Gold Savings Fund (FOF) - Direct Plan  | Invest Now
3 star
Jan-13 -1.77 13.02 8.67 0.09 458

Best & Worst Performance

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

Risk Measures (%)

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

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Others Margin Money -- - 0.00

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

— 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:


0.05%

Change from previous, NAV as on 13-Apr-2021

Growth: ₹ 19.6660

IDCW: ₹ 19.6660


Investment Strategy

The scheme seeks to provide returns that closely correspond to returns provided by R*Shares Gold BeES.

Investment Details

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

Basic Details

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: --

Contact Information

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

Upcoming Video

Investors' Hangout

How to optimise returns with measured risk

DateFriday, 23-Apr-2021
Time12:30 PM - 01:00 PM