Gold Saving Funds
Reliance, Kotak, SBI, ICICI, HDFC have launched their Gold Saving Funds of Funds. Which fund is good to invest
Gold Savings Fund is a new concept of investing in gold as it allows you to invest in gold without a demat account.
Gold Savings Fund is a passively managed fund suitable for a long term investors, who can invest through SIP or lump sum. As a long term investment it gives an opportunity to invest in the GOLD commodity.
Features of Gold Saving Fund
No need for having demat account: so no need to open a demat account and pay the annual maintenance charges.
Systematic Investment Plan (SIP): Benefit your investment by investing through small amount over a period of time. Even Small Amount like Rs 500
Systematic Transfer Plan & Systematic Withdrawal Plan: A benefit of STP and SWP makes it a convenient mutual fund product.
Easy to Invest & Liquidate: similar to investing in a mutual fund scheme.
Purity & Safety: investment is in highest quality gold with no theft or warehousing problems.
Major impact on gold portfolio is Expenses ratio and exit load
Expenses Every Gold Fund incurs some expenses in running its fund & these expenses are recovered from the unit holders. These funds charged as the percentage of the asset. see below table how fund charges expense
Exit Load If investor Exit before 1 year from that fund. Fund charging exit load
Tracking Error They are not able to put 100% of the money underlying asset because they need some cash for take care of any unit redemption. NAV effect slightly positive or negetive
Reliance Gold Saving Fund is first Fund and AUM is good also aggressive manangement.
Axis is well manage emerging Fund House.
Contact Us NOW!
Pune : 800 775 0904
Or : rajendra@puneinvest.com
bonanza42a@yahoo.in
Reliance, Kotak, SBI, ICICI, HDFC have launched their Gold Saving Funds of Funds. Which fund is good to invest
Gold Savings Fund is a new concept of investing in gold as it allows you to invest in gold without a demat account.
Gold Savings Fund is a passively managed fund suitable for a long term investors, who can invest through SIP or lump sum. As a long term investment it gives an opportunity to invest in the GOLD commodity.
Features of Gold Saving Fund
No need for having demat account: so no need to open a demat account and pay the annual maintenance charges.
Systematic Investment Plan (SIP): Benefit your investment by investing through small amount over a period of time. Even Small Amount like Rs 500
Systematic Transfer Plan & Systematic Withdrawal Plan: A benefit of STP and SWP makes it a convenient mutual fund product.
Easy to Invest & Liquidate: similar to investing in a mutual fund scheme.
Purity & Safety: investment is in highest quality gold with no theft or warehousing problems.
Major impact on gold portfolio is Expenses ratio and exit load
Expenses Every Gold Fund incurs some expenses in running its fund & these expenses are recovered from the unit holders. These funds charged as the percentage of the asset. see below table how fund charges expense
| Scheme | NAV 25 jan 12 | Exit Load | Expenses (Fund+ETF) |
| Reliance Gold Saving Fund | 13.03 | 2% | 1.5% |
| Axis Gold Fund | 10.37 | 1% | 1.5% |
| HDFC Gold Fund | 9.88 | 6 month 2% 1 year 1% | .75%+1% |
| SBI Gold Fund | 10.30 | 1% | Actual |
| Kotak Gold Fund | 12.89 | 6 month 2% 1 year 1% | 1.5% |
| ICICI Regular Gold Saving Fund | 10.15 | 2% | 1.5% |
| Quantum Gold Fund | 12.32 | 1.5% | 1.25% |
Exit Load If investor Exit before 1 year from that fund. Fund charging exit load
Tracking Error They are not able to put 100% of the money underlying asset because they need some cash for take care of any unit redemption. NAV effect slightly positive or negetive
Reliance Gold Saving Fund is first Fund and AUM is good also aggressive manangement.
Axis is well manage emerging Fund House.
Contact Us NOW!
Pune : 800 775 0904
Or : rajendra@puneinvest.com
bonanza42a@yahoo.in
टिप्पणियाँ
एक टिप्पणी भेजें