January 18, 2024
mayank
Aditya Birla (ABSL) Gold Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 19.2328
NAV IDCW: Rs 19.2354
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 tracks returns provided by Birla Sun Life Gold ETF.
Fund Manager:
1) Haresh Mehta
2) Pranav Gupta
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 1 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | NA |
| Exit Load | 1% for redemption Within 15 days |
Basic Details of Aditya Birla (ABSL) Gold Fund
| Fund House | Aditya Birla Sun Life Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 5.51% |
| Benchmark | Domestic Price of Gold |
| Riskometer | High |
| Type | Open-ended |
| Assets | Rs 290 Cr |
| (As on 31-Dec-2023) | |
| Expense | 0.15% |
| (As on 31-Dec-2023) | |
| Risk Grade | Above Average |
| Return Grade | Above Average |
| Turnover | — |
Trailing Returns (%) of Aditya Birla Gold Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ABSL Gold Dir | -1.87 | -0.48 | -0.26 | 5.29 | 4.44 | 8.64 | 7.03 | 12.86 | 10.12 | 6.65 |
| Domestic Price of Gold Index | -0.96 | -0.22 | 0.15 | 5.87 | 5.54 | 8.47 | 8.10 | 13.92 | 11.36 | 8.57 |
| Commodities: Gold | -1.84 | -0.73 | -0.44 | 4.43 | 3.70 | 8.20 | 6.99 | 12.87 | 10.20 | 6.70 |
| Rank within category | 11 | 2 | 7 | 1 | 4 | 4 | 5 | 6 | 6 | 6 |
| Number of funds in category | 14 | 14 | 14 | 13 | 13 | 13 | 10 | 10 | 10 | 10 |
Peer Comparison of Aditya Birla (ABSL) Gold 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 (%) | |
| ABSL Gold Dir | 3 star | 8.64 | 7.03 | 12.86 | 0.15 | 290 | 5.51 | 1.00 (15) | 11Y | — |
| HDFC Gold Dir | 3 star | 8.29 | 6.97 | 12.93 | 0.18 | 1,705 | 5.46 | 1.00 (15) | 11Y | — |
| Kotak Gold Dir | 3 star | 8.54 | 6.93 | 13.17 | 0.15 | 1,602 | 5.49 | 1.00 (15) | 11Y | 3.29 |
| Nippon Ind Gold Svngs Dir | 2 star | 8.47 | 6.83 | 12.74 | 0.13 | 1,595 | 5.32 | 1.00 (15) | 11Y | 93.00 |
| SBI Gold Dir | 3 star | 8.64 | 7.11 | 13.08 | 0.10 | 1,513 | 5.52 | 1.00 (15) | 11Y | — |
How to Invest in Aditya Birla (ABSL) Gold Fund?
Chanakya’s Mutual Fund Guidance For Aditya Birla Sun Life (ABSL) Gold Fund
Apply Online: https://mutualfund.adityabirlacapital.com/help-centre/invest-now
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