July 12, 2024
mayank
Quantum Gold Savings Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 28.4494
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 capital appreciation by predominantly investing in units of Quantum Gold Fund – Exchange Traded Fund.
Fund Manager:
1) Chirag Mehta
Education: He has pursued M.Com from Mumbai University and CAIA.
Experience: Prior to joining Quantum Asset Management Company Private Limited. He has worked as Assistant Analyst – Commodities (Quantum Advisors Pvt. Ltd). More than 19 years of experience in the research and investments functions in the field of commodities and alternative investment strategies. He has interned at Kotak & Co. Ltd and has also attended the Federation of Indian Commodities Exchanges as part of his internship.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Quantum Gold Savings Fund
| Fund House | Quantum Mutual Fund |
| Launch Date | 19-May-11 |
| Return Since Launch | 8.27% |
| Benchmark | Domestic Price of Gold |
| Riskometer | High |
| Type | Open-ended |
| Assets | Rs 117 Cr |
| (As on 30-Jun-2024) | |
| Expense | 0.06% |
| (As on 31-May-2024) | |
| Risk Grade | Average |
| Return Grade | Below Average |
| Turnover | — |
Trailing Returns (%) of Quantum Gold Savings Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Quantum Gold Savings Dir | 14.92 | 0.26 | 2.10 | 1.78 | 16.76 | 22.91 | 14.02 | 14.91 | 13.61 | 8.77 |
| Domestic Price of Gold Index | 14.83 | -0.38 | -0.35 | 0.93 | 16.15 | 23.63 | 14.79 | 15.85 | 14.46 | 9.82 |
| Commodities: Gold | 15.51 | 0.15 | 2.18 | 2.24 | 17.32 | 23.19 | 14.06 | 15.07 | 13.66 | 8.80 |
| Rank within category | 8 | 3 | 8 | 10 | 7 | 9 | 7 | 8 | 7 | 7 |
| Number of funds in category | 14 | 16 | 16 | 16 | 14 | 13 | 10 | 10 | 10 | 10 |
Peer Comparison of Quantum Gold Savings Fund
| 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 (%) | |
| Quantum Gold Savings Dir | 3 star | 22.91 | 14.02 | 14.91 | 0.06 | 117 | 8.27 | — | 13Y 1M | 9.27 |
| HDFC Gold Dir | 4 star | 22.29 | 13.93 | 15.02 | 0.18 | 2,072 | 6.66 | 1.00 (15) | 11Y 6M | — |
| SBI Gold Dir | 4 star | 22.99 | 14.11 | 15.34 | 0.10 | 1,885 | 6.72 | 1.00 (15) | 11Y 6M | — |
| Axis Gold Dir | 5 star | 23.08 | 14.25 | 15.42 | 0.17 | 501 | 6.54 | 1.00 (15) | 11Y 6M | — |
| Kotak Gold Dir | 3 star | 23.15 | 13.77 | 15.37 | 0.16 | 1,889 | 6.70 | 1.00 (15) | 11Y 6M | 3.85 |
Chanakya’s Mutual Fund Guidance For Quantum Gold Savings Fund
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