April 15, 2023
mayank
IDBI Gold Fund
NAV Growth: Rs 17.2501
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 objective of this scheme is to generate returns that correspond closely to the returns generated by IDBI Gold Exchange Traded Fund.
Fund Manager:
1) Nitin Dattaram Dalvi
Education: Mr. Dalvi has done B.Com and MBA
Experience: He has 18 years of exp. in Financial Markets including AMC, Institutional Securities
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 5,000 |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 365 days |
Basic Details
| Fund House | IDBI Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 5.43% |
| Benchmark | Domestic Price of Gold |
| Riskometer | High |
| Type | Open-ended |
| Assets | Rs 45 Cr |
| (As on 31-Mar-2023) | |
| Expense | 0.26% |
| (As on 28-Feb-2023) | |
| Risk Grade | High |
| Return Grade | High |
| Turnover | — |
IDBI Gold Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| IDBI Gold Dir | 12.19 | -1.31 | 8.11 | 8.61 | 20.35 | 15.13 | 9.38 | 13.44 | 9.46 | 6.22 |
| Domestic Price of Gold Index | 8.88 | -0.11 | 8.59 | 6.40 | 19.31 | 14.14 | 9.51 | 14.15 | 10.59 | 7.45 |
| Commodities: Gold | 10.87 | 0.29 | 7.39 | 7.81 | 19.56 | 13.62 | 6.89 | 13.41 | 10.04 | 6.54 |
| Rank within category | 1 | 13 | 3 | 2 | 2 | 1 | 1 | 5 | 10 | 10 |
| Number of funds in category | 13 | 13 | 13 | 13 | 11 | 10 | 10 | 10 | 10 | 10 |
IDBI Gold 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 (%) |
| IDBI Gold Dir | 3 star | 15.13 | 9.38 | 13.44 | 0.26 | 45 | 5.43 | 1.00 (365) | 10yrs 3mo | — |
| HDFC Gold Dir | 5 star | 13.63 | 6.72 | 13.53 | 0.18 | 1,517 | 5.73 | 1.00 (15) | 10yrs 3mo | — |
| Nippon Ind Gold Svngs Dir | 2 star | 13.45 | 6.83 | 13.30 | 0.19 | 1,550 | 5.59 | 1.00 (15) | 10yrs 3mo | 93.00 |
| Kotak Gold Dir | 3 star | 12.63 | 6.04 | 13.71 | 0.18 | 1,407 | 5.75 | 1.00 (15) | 10yrs 3mo | 4.88 |
| SBI Gold Dir | 1 star | 13.73 | 4.12 | 13.59 | 0.10 | 1,375 | 5.75 | 1.00 (15) | 10yrs 3mo | — |
Chanakya’s Mutual Fund Guidance For IDBI Gold Fund
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