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||4.86|
|Rank within category||12||19||7||3||3||11||15||13||10||5||6|
|Number of funds in category||21||21||21||21||21||21||21||21||21||21||18|
As on 03-Dec-2021
|Fund name||Rating||Launch Date||1-Year Return||3-Year Return||5-Year Return||Expense Ratio||Assets (Cr)|
|Nippon India ETF Gold BeES | Invest Online||Mar-07||-4.79||14.54||9.47||0.79%||6,327|
|SBI Gold Fund | Invest Online||Sep-11||-4.86||14.58||9.61||0.52%||1,198|
|Kotak Gold Fund Regular Plan | Invest Online||Mar-11||-4.20||14.94||9.88||0.61%||1,098|
|HDFC Gold Exchange Traded Fund | Invest Online||Aug-10||-4.12||14.59||9.60||0.60%||2,792|
|SBI Exchange Traded Fund Gold | Invest Online||Apr-09||-4.07||14.87||9.48||0.52%||2,462|
|Best Performance||Worst Performance|
|Return (%)||Period||Return (%)||Period|
|Week||19.37||11-Sep-2008 - 18-Sep-2008||-13.09||10-Apr-2013 - 17-Apr-2013|
|Month||27.62||10-Sep-2008 - 10-Oct-2008||-20.96||10-Oct-2008 - 11-Nov-2008|
|Quarter||33.92||17-Dec-2007 - 17-Mar-2008||-19.26||04-Sep-2013 - 04-Dec-2013|
|Year||54.92||16-Jul-2007 - 15-Jul-2008||-19.81||28-Aug-2013 - 28-Aug-2014|
|Domestic Price of Gold||16.67||15.31||0.84||1.54||--||--|
|Rank within category||12||14||12||16||18||15|
|Number of funds in category||21||21||21||21||21||21|
The Risk Measures have been calculated using calendar month returns for the last three years.
As on 30-Nov-2021
|Company||Instrument||Credit Rating||1Y Range||% Assets|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Oct-2021
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.
The fund aims to provide returns that closely correspond to the return provided by the price of gold through investment in physical gold. The reason for performance variance of the scheme from that of domestic price of gold may be due to expense and other related factors.
|Minimum Investment (₹)||10,000|
|Minimum Addl Investment (₹)||--|
|Minimum SIP Investment (₹)||--|
|Minimum No of Cheques||--|
|Minimum Withdrawal (₹)||100|
|Minimum Balance (₹)||--|
|Lock-in Period||Not Applicable|
|Fund House:||Nippon India Mutual Fund|
|Return Since Launch:||10.52%|
|Benchmark:||Domestic Price of Gold|
|Assets:||₹ 6,327 Cr (As on 31-Oct-2021)|
|Expense:||0.79% (As on 31-Oct-2021)|
AMC: Nippon Life India Asset Management Ltd.
Address: 4th Floor, Tower A, Peninsula Business Park, Ganapatrao Kadam Marg, Lower Parel (W), Mumbai - 400013
Phone: 022-68334800 / 18602660111
Email: [email protected]
Registrar & Transfer Agent: KFin Technologies Pvt Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016
Email: [email protected]