HDFC Mutual Fund is launching gold fund called HDFC Gold Fund. HDFC Gold Fund (HGF), an open ended Fund-of-Funds scheme, would enable investors to invest systematically in gold, hedge their risks against market volatility and to effectively diversify their portfolio.
A Fund-of-Funds (FoF) scheme usually invests in other schemes of the mutual fund. Gold FoFs enables the investors to invest through a single investment or through Systematic Investment Plan (SIP).
The new fund offer (NFO) opens on 7 October and closes on 21 October, 2011.
Minimum Application Amount
Purchase ( including switch in ): ` 5000 and any amount thereafter
Additional Purchase (including switch in): `1,000 and any amount thereafter
SIP Purchase: Minimum Amount per installment
Monthly SIP : `500/- and in multiples of `100/-
Quarterly SIP: `1500/- and in multiples of ` 100/-
HDFC Gold Fund* is suitable for the following types of investors:
A Fund-of-Funds (FoF) scheme usually invests in other schemes of the mutual fund. Gold FoFs enables the investors to invest through a single investment or through Systematic Investment Plan (SIP).
The new fund offer (NFO) opens on 7 October and closes on 21 October, 2011.
Minimum Application Amount
Purchase ( including switch in ): ` 5000 and any amount thereafter
Additional Purchase (including switch in): `1,000 and any amount thereafter
SIP Purchase: Minimum Amount per installment
Monthly SIP : `500/- and in multiples of `100/-
Quarterly SIP: `1500/- and in multiples of ` 100/-
HDFC Gold Fund* is suitable for the following types of investors:
- Investors looking for a exposure to gold as an asset class
- Small investors who cannot approach the mutual fund directly in a Gold ETF because of the lot creation size
- Investors who do not have a demat account
- Investors wanting to invest through the Systematic Investment Plan (SIP)/Systematic Transfer Plan (STP) route
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