December 11, 2023
mayank
Axis Gold Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
Current NAV:
NAV Growth: Rs 20.2759
NAV IDCW: Rs 20.2949
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 generate returns that closely correspond to returns generated by Axis Gold ETF.
Fund Manager:
1) Aditya Pagaria
Education: Mr. Pagaria is a Bachelor in Management Studies and holds a Post Graduate Diploma in Business Management from Institute Of Technology And Management, SK Somaiya College.
Experience: Prior to joining Axis AMC he was associated with ICICI Prudential AMC (Nov 2011-Jul 2016) as Fund Manager – Fixed Income Operations.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | 1% for redemption Within 15 days |
Basic Details of Axis Gold Fund
| Fund House | Axis Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 5.39% |
| Benchmark | Domestic Price of Gold |
| Riskometer | High |
| Type | Open-ended |
| Assets | Rs 366 Cr |
| (As on 30-Nov-2023) | |
| Expense | 0.17% |
| (As on 31-Oct-2023) | |
| Risk Grade | Low |
| Return Grade | Above Average |
| Turnover | — |
Axis Gold Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Axis Gold Dir | 13.04 | -0.18 | 3.00 | 5.22 | 3.92 | 15.10 | 7.22 | 14.03 | 10.88 | 6.23 |
| Domestic Price of Gold Index | 12.61 | 0.49 | 3.15 | 5.42 | 4.13 | 15.88 | 8.22 | 14.90 | 11.81 | 8.60 |
| Commodities: Gold | 12.65 | -0.08 | 3.08 | 5.21 | 4.02 | 15.00 | 6.92 | 13.95 | 10.84 | 6.47 |
| Rank within category | 6 | 10 | 9 | 8 | 11 | 7 | 2 | 3 | 5 | 9 |
| Number of funds in category | 13 | 14 | 13 | 13 | 13 | 13 | 10 | 10 | 10 | 10 |
Peer Comparison of Axis 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 (%) | |
| Axis Gold Dir | 5 star | 15.10 | 7.22 | 14.03 | 0.17 | 366 | 5.39 | 1.00 (15) | 10Y 11M | — |
| SBI Gold Dir | 4 star | 15.11 | 6.95 | 14.20 | 0.10 | 1,502 | 5.61 | 1.00 (15) | 10Y 11M | — |
| HDFC Gold Dir | 3 star | 14.80 | 6.83 | 13.98 | 0.18 | 1,679 | 5.54 | 1.00 (15) | 10Y 11M | — |
| Nippon Ind Gold Svngs Dir | 2 star | 14.79 | 6.78 | 13.88 | 0.13 | 1,588 | 5.42 | 1.00 (15) | 10Y 11M | 93.00 |
| Kotak Gold Dir | 3 star | 15.28 | 6.78 | 14.31 | 0.15 | 1,588 | 5.60 | 1.00 (15) | 10Y 11M | 3.06 |
How to Invest in Axis Gold Fund?
Chanakya’s Mutual Fund Guidance For Axis Gold Fund
Apply Online: https://www.axismf.com/mutual-funds
>> Post your MF questions @ sahifund.com/ask-me/
>> NFO Guidance:
https://sahifund.com/category/nfos/
>> Chanakya’s Mutual Fund Guidance on YouTube
https://www.youtube.com/c/ChanakyaNiPothi
>> Join Chanakya MF’s Telegram Channel @
https://t.me/chanakyaMFGuidance
Quicklinks