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SBI Gold Fund


SBI Mutual Fund has announced the launch of a Gold Fund, an open ended fund of fund which will invest in SBI Gold ETF. This will be the fourth fund of fund investing in Gold ETFs.

Investment Strategy

The investment objective of the scheme is to seek to provide returns that closely correspond to returns provided by SBI Gold Exchange Traded Scheme. The scheme will invest upto 100% in the units of SBI Gold ETF. It may also invest upto 5% in money market securities or liquid schemes.

Fund Manager

Mr. Raviprakash Sharma will be the fund manager of SBI Gold Fund. He is a Chartered Accountant and also holds a C.F.A. Charter. With over 12 years experience in Indian capital markets in various capacities including portfolio management and dealing in equity shares on behalf of clients. He has worked with HDFC Mutual Fund, Citigroup Wealth Advisors, Kotak Securities, Times Investors Services and Birla Sun Life Securities. Mr. Sharma also manages Magnum Index Fund and SBI Gold Exchange Traded Scheme.

Fund House

SBI Mutual Fund is one of the oldest fund houses in the industry which launched its first scheme in 1987. The fund house has nearly Rs 48,000 crore of assets under management as on June 30, 2011.

Basic Details

NFO Opens: August 22, 2011

NFO Closes: September 5, 2011

NFO Price: Rs.10

Options: Growth and Dividend

Minimum Application Amount: Rs.5000

Exit Load: 1% if redeemed/switched-out on or before 1 year from the date of allotment and NIL if redeemed/switched-out after 1 year.

Benchmark: Domestic Price of Physical Gold

Fund Manager: Mr. Raviprakash Sharma