September 24, 2022
mayank
Nippon India Gold Savings Fund
NAV Growth: Rs 20.7487
NAV IDCW: Rs 20.7487
Suitable For Which Investors?
“Gold funds provide returns that are closely in line with the returns provided by gold.
We do not think of gold as a good long-term investment avenue and therefore we believe that investors can avoid these funds altogether.
But for those retail investors who’d still prefer to invest in gold, we believe that the Sovereign Gold Bond Scheme offered by the Government of India is a better alternative. This scheme offers a guaranteed return of 2.5 per cent per year over and above the return provided by the price of gold, though the investment cannot be redeemed before a tenure of five years.”
Fund’s Investment Strategy:
The scheme seeks to provide returns that closely correspond to returns provided by R*Shares Gold BeES.
Fund Manager:
1) Mehul Dama
Education: Mr. Dama has done C.A. & B.Com
Experience: Prior to joining Nippon India Mutual Fund, he has worked with Goldman Sachs Asset Management(India) Private Ltd. as Vice President, Benchmark Asset Management Company Private Ltd. as Assistant Vice President and Lovelock & Lewes as Assistant Manager.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 100 |
| Min. No of Cheques | 60 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 15 days |
Basic Details
| Fund House | Nippon India Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 3.84% |
| Benchmark | Domestic Price of Gold Index |
| Riskometer | High |
| Type | Open-ended |
| Assets | Rs 1,427 Cr |
| (As on 31-Aug-2022) | |
| Expense Ratio | 0.14% |
| (As on 31-Aug-2022) | |
| Risk Grade | Average |
| Return Grade | Below Average |
| Turnover | — |
Nippon India Gold Savings Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Nippon Ind Gold Svngs Dir | 3.11 | -0.4 | -3.03 | -2.17 | -3.64 | 5.99 | 8.92 | 9.81 | 8.61 | — |
| Domestic Price of Gold Index | 3.64 | 0.63 | -2.87 | -1.75 | -4.95 | 6.74 | 8.74 | 10.75 | 9.39 | — |
| Commodities: Gold | 3.07 | -0.68 | -2.94 | -2.33 | -3.3 | 6.16 | 8.89 | 10.01 | 8.57 | — |
| Rank within category | 5 | 4 | 7 | 4 | 8 | 8 | 6 | 7 | 6 | — |
| Number of funds in category | 10 | 11 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 1 |
Nippon India Gold Savings Fund Peer Comparison
| Fund name | Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) |
| Nippon Ind Gold Svngs Dir | 2 star | 5.99 | 8.92 | 9.81 | 0.14 | 1,427 | 3.84 | 1.00 (15) | 9yrs 8mo | 93.00 |
| HDFC Gold Dir | 4 star | 6.41 | 9.10 | 9.91 | 0.18 | 1,359 | 4.01 | 2.00 (180) | 9yrs 8mo | — |
| Kotak Gold Dir | 4 star | 5.41 | 8.87 | 10.32 | 0.18 | 1,318 | 4.02 | 1.00 (365) | 9yrs 8mo | — |
| SBI Gold Dir | 3 star | 6.02 | 9.15 | 10.02 | 0.10 | 1,163 | 3.99 | 1.00 (15) | 9yrs 8mo | — |
| ICICI Pru Regular Gold Svngs (FOF) Dir | 3 star | 6.26 | 9.11 | 10.40 | 0.09 | 696 | 4.07 | 1.00 (15) | 9yrs 8mo | — |
Chanakya’s Mutual Fund Guidance For Nippon India Gold Savings Fund
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