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1 star

IDBI Gold Fund - Direct Plan


Commodities: Gold

1 Lakh

Investment declined to
₹ 0.95 Lakh

₹ 10000

Monthly SIP Declined to
₹ 1.19 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.

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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 -5.31 0.08 -1.40 -0.35 0.53 -3.26 -4.74 14.23 8.89 6.85 --
Domestic Price of Gold -5.52 -0.46 -0.56 -0.70 0.38 -4.09 -3.22 16.08 10.43 8.60 --
Commodities: Gold -5.91 0.06 -1.44 -0.01 0.38 -3.26 -4.37 14.68 9.53 7.59 --
Rank within category 1 3 3 9 3 6 9 10 9 10 --
Number of funds in category 10 10 10 10 10 10 10 10 10 10 1

As on 03-Dec-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
IDBI Gold Fund - Direct Plan
1 star
Jan-13 -4.74 14.23 8.89 0.26% 40
HDFC Gold Fund - Direct Plan  | Invest Online
4 star
Jan-13 -4.53 14.75 9.79 0.15% 1,261
SBI Gold Fund - Direct Plan  | Invest Online
4 star
Jan-13 -4.51 15.02 10.05 0.10% 1,198
Kotak Gold Fund - Direct Plan  | Invest Online
5 star
Jan-13 -3.81 15.42 10.35 0.18% 1,098
Nippon India Gold Savings Fund - Direct Plan  | Invest Online
3 star
Jan-13 -5.05 14.45 9.46 0.10% 1,437

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 12.10 21-Aug-2013 - 28-Aug-2013 -13.09 10-Apr-2013 - 17-Apr-2013
Month 24.51 29-Jul-2013 - 28-Aug-2013 -15.29 28-Aug-2013 - 27-Sep-2013
Quarter 27.98 29-May-2013 - 28-Aug-2013 -19.18 28-Aug-2013 - 27-Nov-2013
Year 66.84 10-Jun-2019 - 09-Jun-2020 -19.81 28-Aug-2013 - 28-Aug-2014

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 15.80 17.84 0.67 1.29 0.98 -0.61
Domestic Price of Gold 16.67 15.31 0.84 1.54 -- --
Commodities: Gold 15.64 15.41 0.77 1.64 0.95 -0.34
Rank within category 4 10 10 10 10 8
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

Top Holdings

The underlying data is unavailable.

As on 31-Oct-2021

Fund Manager

— Firdaus Marazban Ragina since 20-Jun-2019

Education: Mr. Ragina has a B.Com degree

Experience: Prior to joining IDBI Mutual Fund, he has worked with IL&FS Broking Services, Avendus Securities, IL&FS Investsmart, UTI Securities and RefcoSify Securities.

Funds Managed:


0.08%

Change from previous, NAV as on 03-Dec-2021

Growth: ₹ 13.4319


Investment Strategy

The objective of this scheme is to generate returns that correspond closely to the returns generated by IDBI Gold Exchange Traded Fund.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 5,000
Lock-in Period Not Applicable
Exit Load 1% for redemption within 365 days

Basic Details

Fund House: IDBI Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 3.34%
Benchmark: Domestic Price of Gold
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 40 Cr (As on 31-Oct-2021)
Expense: 0.26% (As on 31-Oct-2021)
Risk Grade: High
Return Grade: Low
Turnover: --

Contact Information

AMC: IDBI Asset Management Ltd.

Address: 4th Floor, IDBI Tower, WTC Complex, Cuffe Parade, Colaba, Mumbai - 400005

Phone: 022-66442800 / 1800-419-4324

Fax: 022-66442801

Email: [email protected]

Website: http://www.idbimutual.co.in

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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