1 LakhInvestment declined to
₹ 10000Monthly SIP Declined to
"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:
|Domestic Price of Gold||-5.52||-0.46||-0.56||-0.70||0.38||-4.09||-3.22||16.08||10.43||8.60||--|
|Rank within category||2||6||4||8||2||1||2||1||1||1||--|
|Number of funds in category||10||10||10||10||10||10||10||10||10||10||1|
As on 03-Dec-2021
|Fund name||Rating||Launch Date||1-Year Return||3-Year Return||5-Year Return||Expense Ratio||Assets (Cr)|
|Kotak Gold Fund - Direct Plan | Invest Online||Jan-13||-3.81||15.42||10.35||0.18%||1,098|
|HDFC Gold Fund - Direct Plan | Invest Online||Jan-13||-4.53||14.75||9.79||0.15%||1,261|
|SBI Gold Fund - Direct Plan | Invest Online||Jan-13||-4.51||15.02||10.05||0.10%||1,198|
|Nippon India Gold Savings Fund - Direct Plan | Invest Online||Jan-13||-5.05||14.45||9.46||0.10%||1,437|
|ICICI Prudential Regular Gold Savings Fund (FOF) - Direct Plan | Invest Now||Jan-13||-4.63||14.52||9.62||0.09%||587|
|Best Performance||Worst Performance|
|Return (%)||Period||Return (%)||Period|
|Week||11.56||23-Mar-2020 - 30-Mar-2020||-12.47||10-Apr-2013 - 17-Apr-2013|
|Month||24.96||17-Mar-2020 - 16-Apr-2020||-13.27||18-Mar-2013 - 17-Apr-2013|
|Quarter||25.93||16-Jan-2020 - 16-Apr-2020||-17.30||16-Jan-2013 - 17-Apr-2013|
|Year||57.70||16-Apr-2019 - 16-Apr-2020||-17.82||14-Nov-2013 - 14-Nov-2014|
|Domestic Price of Gold||16.67||15.31||0.84||1.54||--||--|
|Rank within category||1||3||1||3||6||1|
|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-Nov-2021
|The underlying data is unavailable.|
As on 31-Oct-2021
Education: Mr. Bisen is a BA and MBA in Finance.
Experience: Prior to joining Kotak AMC, Abhishek was working with Securities Trading Corporation Of India Ltd where he was looking at Sales & Trading of Fixed Income Products apart from doing Portfolio Advisory. His earlier assignments also include 2 years of merchant banking experience with a leading merchant banking firm.
The scheme seeks to generate returns by investing in units of Kotak Gold Exchange Traded Fund.
|Minimum Investment (₹)||5,000|
|Minimum Addl Investment (₹)||1,000|
|Minimum SIP Investment (₹)||1,000|
|Minimum No of Cheques||6|
|Minimum Withdrawal (₹)||1,000|
|Minimum Balance (₹)||1,000|
|Lock-in Period||Not Applicable|
|Exit Load||For units in excess of 6% of the investment,1% will be charged for redemption within 365 days|
|Fund House:||Kotak Mahindra Mutual Fund|
|Return Since Launch:||3.99%|
|Benchmark:||Domestic Price of Gold|
|Assets:||₹ 1,098 Cr (As on 31-Oct-2021)|
|Expense:||0.18% (As on 31-Oct-2021)|
|Risk Grade:||Below Average|
|Return Grade:||Above Average|
AMC: Kotak Mahindra Asset Management Company Ltd
Address: 27 BKC, C-27, G Block, Bandra Kurla Complex, Bandra (E) Mumbai - 400051
Phone: 022-61152100 / 1800-22-2626
Email: [email protected]
Registrar & Transfer Agent: Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002
Phone: 1800-3010-6767 / 1800-419-7676
Email: [email protected]