a) Reliance Gold Savings Fund
In line with this growing gold investment demand combined with India's culture for buying gold, Reliance Mutual Fund offers Reliance Gold Savings Fund that would enable investors to invest in gold – the mutual fund way.
Reliance Gold Savings Fund, is the first gold fund of fund in the industry which opens a new avenue for investing in gold as an asset class. The fund seeks to provide returns of gold through investments in Reliance Gold Exchange Traded Fund, which in turn invest in physical gold. It enables you to reap the returns of gold in a paper form without the need of a demat account.
Benefits of Investing in Reliance Gold Savings Fund
- Open door for non - demat a/c holders: Investors can invest in this fund through the physical mode across the country thereby making it easily available and convenient for non demat a/c holders"
- Systematic Investment Plan (SIP): a long term disciplined investment technique under which you invest a fixed sum of money on a monthly or quarterly basis in a scheme at the prevailing NAV. This allows you to save and invest regularly while you are earning. This investment technique enables you the following benefits:
- Small, regular investments: A simple way to enter the market by investing small amounts.
- Small but regular investments go a long way in creating wealth over time
- Rupee cost averaging: Fewer units during rising markets and more units during falling markets, thereby reduces the average cost per unit
- No need for 'timing the markets': No need to select the right time and quantity to buy and sell as timing the market is time consuming and risky. It eliminates the need to actively track the markets.
- Availability of add-on facilities: Ease of availing add on facilities like Systematic Transfer Plan/ Systematic Withdrawal Plan / Systematic Investment Plan/ auto switch /trigger facility etc.
- Liquidity: An investor of Reliance Gold Savings Fund can subscribe and redeem units on all business days directly from the AMC, while purchase and sale of gold ETF units is a factor of liquidity on the exchange.
- Ease of investing: Investing in gold through Reliance Gold Savings Fund, the investor can directly subscribe/ redeem units through the physical mode at the various designated investor service centre across the country thereby making it easily accessible and convenient.
- Cost Effective: Investing in gold through the Reliance gold Savings Fund in physical application mode enables you invest in a low cost manner as the investor does not have to incur charges like annual maintenance charges for demat account , delivery brokerages charges, transaction charges incurred for investing through the dematerialized mode.
- The investors will be bearing the recurring expenses of the scheme, in addition to the expenses of underlying Scheme.
- Taxation: Investments in Reliance Gold savings Fund enables you to claim for long term capital gains tax after a period of one year of investments, whereas for physical long term taxation is available after 3 years.
Systematic Investing in Gold- An edge to accumulating wealth
Reliance Gold Savings Fund endeavors to inculcate a regular saving habit to your investments in gold through systematic investment plan. It provides an easy and a convenient way to reap the returns of gold through regular and small amount investment.
Scheme Features:
Investment Objective: The investment objective of the Scheme is to seek to provide returns that closely correspond to returns provided by Reliance Gold Exchange Traded Fund
Minimum amount for purchase / redemption / switches
Minimum Application Amount: Rs. 5,000 and in multiples of Re. 1 thereafter
Additional Purchase Amount: Rs 1000 and in the multiple of Re.1 thereafter
Minimum Switch Amount: Will be as per the minimum application amount in the respective scheme which may have been opted by the investor for switching the units/amount where the switch facility is available.
Minimum Investment Amount for Systematic Investment Plan
Minimum investment amount for investing SIP route is as follows:
(1) Rs.100/- per month and in multiples of Re. 1/- thereafter for minimum 60 months
(2) Rs.500/- per month and in multiples of Re. 1/- thereafter for minimum 12 months
(3) Rs.1000/- per month and in multiples of Re. 1/- thereafter for minimum 6 months
(4) Rs.500/- per quarter and in multiples of Re. 1/- thereafter for minimum 12 quarters
(5) Rs.1500/- per quarter and in multiples of Re. 1/- thereafter for minimum 4 quarters
Load Structure
Entry Load: Nil.
Exit Load: 2%- If redeemed or switched out on or before completion of 1 year from the date of allotment of units, Nil - If redeemed or switched out after the completion of 1 year from the date of allotment of units
Benchmark: The Scheme's performance will be benchmarked against the price of physical gold.
Fund Manager Hiren Chandaria
b). Kotak Gold Fund:
Kotak Gold Fund invests its total corpus into Kotak Gold ETF, it gives you the best pricing and investment option. As Kotak Gold Fund gives the similar benefits as Gold ETF, it stands out as the best investment vehicle.
Benefits of investing into the scheme-
- No need to hold or open Demat/ Trading account
- Investment through SIP
- Convenience of direct dealing with AMC
- Liquidity
- Low Cost
- Taxation- Long term capital gain tax after one year, No wealth tax
Scheme Features:
Scheme Type: An open-ended Fund of Funds scheme.
Investment Objective: The investment objective of the scheme is to generate returns by investing in units of Kotak Gold Exchange Traded Fund
Minimum Investment: Rs 5000 for lump-sum and Rs 1000 for SIP.
Investment Options: Growth, Dividend Payout & Dividend Re-investment.
Liquidity: Purchases and redemptions at price related to applicable NAV, on each business day.
Taxation: As applicable for a Debt Fund. Short Term- As per slab & Long Term – 10% without indexation or 20% with Indexation.
Load Structure
Entry Load: Nil.
Exit Load: 2%- If redeemed or switched out on or before completion of 6 months from the date of allotment of units, 1%- If redeemed or switched out after 6 months & on or before completion of 1 year from the date of allotment of units; Nil - If redeemed or switched out after the completion of 1 year from the date of allotment of units
Benchmark The Scheme's performance will be benchmarked against the price of physical gold.
Fund Manager: Mr. Abhishek Bisen
c). SBI Gold Fund
(An Open Ended Fund of Fund)
Investment Objective of the Scheme:
The investment objective of the Scheme is to seek to provide returns that closely correspond to returns provided by SBI Gold Exchange Traded Scheme (SBI GETS)
Salient Features-
- Purity: The underlying gold is the LBMA standard gold.
- Safe Custody: Gold held by SBI GETS is kept in the vaults of Bank of Nova Scotia.
- Low tracking error: The fund will track the performance of SBI GETS.
- Easy liquidity: The units can be easily redeemed through the AMC at NAV related prices.
- SIP facility: SIP option provides a regular and the easy way of investing in gold.
- Cost Effective : The fund does not charge any management fee and is cost effective
Scheme Features-
Minimum Amount of Investment : Rs. 5000 and in multiples of Re. 1 thereafter
Load Structure
i). Entry Load – N.A
ii). Exit Load- Exit within 1 year from the date of allotment – 1 % & NIL after 1 year
SIP Facility: The minimum amount of investment for SIP transactions is Rs. 6000 (aggregate) either through:
(1) Rs.100/- per month and in multiples of Re. 1/- thereafter for minimum 60 months*
(2) Rs.500/- per month and in multiples of Re. 1/- thereafter for minimum 12 months
(3) Rs.1000/- per month and in multiples of Re. 1/- thereafter for minimum 6 months
(4) Rs.500/- per quarter and in multiples of Re. 1/- thereafter for minimum 12 quarters
(5) Rs.1500/- per quarter and in multiples of Re. 1/- thereafter for minimum 4 quarters
Benchmark : The Scheme's performance will be benchmarked against the price of physical gold.
Fund Manager: Mr. Ravi Prakash Sharma (B.Com, C.A. and is a charter holder of the CFA Institute, USA ) having over 12 years of experience in Indian capital markets in various capacities including Portfolio Management and Dealing in equity shares on behalf of clients. Prior to join SBI Fund Management Pvt. Ltd. he was working as Sr. Manager - Portfolio Management Services with HDFC Asset Management Co. Ltd.
Note: Mutual fund investments are subjct to market risks. Please read all scheme related documents carefully before investing.
As per SEBI Circular No. Cir/IMD/DF/13/2011 dated August 22, 2011, in case of an existing investor in Mutual Fund(s) a nominal transaction charge of Rs 100/- shall be deducted from your investment of Rs 10,000/- and above and in case of an new investor in Mutual Fund(s) a nominal transaction charge of Rs 150/- shall be deducted from your investment of Rs 10,000/- & above as a first time investor in Mutual Fund(s).
In case of SIP (Systamatic Investment Plan) investment the above transaction charge (Rs.100/- or Rs.150/- as the case may be) shall be charged, if the total commitment through your SIP is Rs 10,000/- & above and this transaction charge on SIP shall be recovered in installment basis [3-4 installments].
(copy of the circular can be downloaded from SEBI website www.sebi.gov.in)."
