Introducing SBI Gold Fund
SBI Gold Fund is an open ended Fund of Fund (FOF) scheme that invests predominantly in the units of SBI Gold Exchange Traded Scheme (SBI GETS). The scheme seeks to provide returns that closely correspond to returns provided by SBI Gold Exchange Traded Scheme (SBI GETS). You can invest in SBI Gold Fund just like any other mutual fund scheme without the hassles of opening a demat account, providing you an opportunity to take exposure into Gold as an asset class, in a convenient way.
SBI Gold Fund is an open ended Fund of Fund (FOF) scheme that invests predominantly in the units of SBI Gold Exchange Traded Scheme (SBI GETS). The scheme seeks to provide returns that closely correspond to returns provided by SBI Gold Exchange Traded Scheme (SBI GETS). You can invest in SBI Gold Fund just like any other mutual fund scheme without the hassles of opening a demat account, providing you an opportunity to take exposure into Gold as an asset class, in a convenient way.
SBI Gold Fund Benefits
No need to hold or open a DEMAT account: SBI Gold fund provides an opportunity for the investor, to take exposure into Gold as an asset class, in smaller and convenient investment amount without having a demat account.
Systematic Investment Plan (SIP): It is a long term disciplined investment technique which provides a systematic way of investing in Gold. This allows you to save and invest regularly without 'timing the markets'.
Liquidity: An investor can subscribe and redeem gold fund on all business days.
Cost Effective: Investing in gold through the SBI Gold Fund in physical application mode enables you to invest in a low cost manner as the investor does not have to incur expenses like annual maintenance charges for demat account , delivery /brokerages charges or transaction charges incurred for investing through the dematerialized mode. However, investors will be bearing the recurring expenses of the scheme, in addition to the expenses of the underlying Scheme.>
Tax Benefits: SBI Gold Fund is treated as a non equity product from tax perspective. It enables an investor to claim long term capital gains tax after a period of one year of investments, whereas for physical gold long term taxation is available after 3 years.
Convenience of investing: Investing in gold through SBI Gold Fund is easy - investors can directly subscribe units through at the various designated investor service centre across the country thereby making it easily accessible and convenient.
Assured Purity & Security: SBI Gold Fund would invest in units of SBI Gold Exchange Trade Scheme (SBI GETS) and all gold bullion held in SBI GETS shall be of fineness of 995 parts per 1000 and it will be held safe with the custodian.
Availability of add on facility: The fund allows investors to avail add-on facilities like systematic transfer plan, systematic investment plan and systematic withdrawal plan.
No need to hold or open a DEMAT account: SBI Gold fund provides an opportunity for the investor, to take exposure into Gold as an asset class, in smaller and convenient investment amount without having a demat account.
Systematic Investment Plan (SIP): It is a long term disciplined investment technique which provides a systematic way of investing in Gold. This allows you to save and invest regularly without 'timing the markets'.
Liquidity: An investor can subscribe and redeem gold fund on all business days.
Cost Effective: Investing in gold through the SBI Gold Fund in physical application mode enables you to invest in a low cost manner as the investor does not have to incur expenses like annual maintenance charges for demat account , delivery /brokerages charges or transaction charges incurred for investing through the dematerialized mode. However, investors will be bearing the recurring expenses of the scheme, in addition to the expenses of the underlying Scheme.>
Tax Benefits: SBI Gold Fund is treated as a non equity product from tax perspective. It enables an investor to claim long term capital gains tax after a period of one year of investments, whereas for physical gold long term taxation is available after 3 years.
Convenience of investing: Investing in gold through SBI Gold Fund is easy - investors can directly subscribe units through at the various designated investor service centre across the country thereby making it easily accessible and convenient.
Assured Purity & Security: SBI Gold Fund would invest in units of SBI Gold Exchange Trade Scheme (SBI GETS) and all gold bullion held in SBI GETS shall be of fineness of 995 parts per 1000 and it will be held safe with the custodian.
Availability of add on facility: The fund allows investors to avail add-on facilities like systematic transfer plan, systematic investment plan and systematic withdrawal plan.
Comparision of SBI Gold Fund with other gold instrument
| Benefit | Physical Gold | Commodity Exchg. | Gold ETF | SBI Gold Fund |
|---|---|---|---|---|
| Good control on quality of gold | No | Yes | Yes | Yes |
| Lower cost of holding | Yes | Hi Brokerage Cost | Yes | Yes |
| Risk of theft | Yes | No | No | No |
| Availability in smaller denomination | Yes | Yes | Yes | Yes |
| Wealth Tax | Yes | No | No | No |
| Long term investment | Yes | Speculation or Trading | Yes | Yes |
| Long term capital gain tax | After 3 years | No | After 1 year | After 1 year |
| Auto SIP facility | No | No | No | Yes |
| Fragment holdings | Yes | No | No | Yes |
| Purchase price | Dealer price | Stock exchange price | Stock exchange price | NAV related price |
Fund Facts
Benchmark
The Scheme's performance will be benchmarked against the price of physical gold. As there are no indices catering to the gold sector or securities linked to the Gold, currently SBI Gold Fund shall be benchmarked against the domestic price of gold. The price here refers to the morning fixing of Gold by London Bullion Market association (LBMA).
Benchmark
The Scheme's performance will be benchmarked against the price of physical gold. As there are no indices catering to the gold sector or securities linked to the Gold, currently SBI Gold Fund shall be benchmarked against the domestic price of gold. The price here refers to the morning fixing of Gold by London Bullion Market association (LBMA).
Fund Manager
Raviprakash Sharma
Raviprakash Sharma
Plans and Options
Growth and Dividend Plan (with both payout and reinvestment options)
Growth and Dividend Plan (with both payout and reinvestment options)
Min. investment size initial purchase
Rs. 5000/- and in multiples of Re. 1 thereof & Additional purchase: Rs. 1000/- and in multiples of Re. 1 thereof
Rs. 5000/- and in multiples of Re. 1 thereof & Additional purchase: Rs. 1000/- and in multiples of Re. 1 thereof
For more details : Call Rajendra Todkar 8007750904
Note : We are not charging any fee for Mutual Fund Investment purpose
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