April 4, 2024
mayank
HDFC Gold Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 22.1937
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 capital appreciation by investing in units of HDFC Gold Exchange Traded Fund.
Fund Manager:
1) Arun Agarwal
Education: Mr. Agarwal is a B.Com. and Chartered Accountant
Experience: Prior to joining HDFC Asset Management Company Limited, he has worked with SBI Funds Management Pvt. Ltd., ICICI Bank Limited, UTI Asset Management Pvt. Ltd.
2) Nirman S. Morakhia
Education: Mr. Morakhia has done BMS and MBA – Financial Markets
Experience: Prior to joining HDFC Mutual Fund, he has worked with Mirae Asset Global Investment Management India Pvt. Ltd.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 10 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 100 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | 1% for redemption Within 15 days |
Basic Details
| Fund House | HDFC Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 6.38% |
| Benchmark | Domestic Price of Gold |
| Riskometer | High |
| Type | Open-ended |
| Assets | Rs 1,682 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.18% |
| (As on 29-Feb-2024) | |
| Risk Grade | Below Average |
| Return Grade | Average |
| Turnover | — |
Trailing Returns (%) of HDFC Gold Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| HDFC Gold Dir | 9.47 | 0.53 | 11.25 | 9.65 | 21.19 | 15.60 | 14.56 | 16.18 | 12.51 | 8.13 |
| Domestic Price of Gold Index | 9.32 | 2.52 | 10.19 | 8.59 | 19.47 | 15.39 | 15.36 | 16.88 | 13.17 | 9.57 |
| Commodities: Gold | 9.21 | 0.58 | 10.93 | 9.37 | 20.23 | 15.18 | 14.70 | 16.05 | 12.26 | 8.16 |
| Rank within category | 7 | 11 | 4 | 7 | 3 | 9 | 5 | 3 | 3 | 7 |
| Number of funds in category | 14 | 16 | 16 | 14 | 13 | 13 | 10 | 10 | 10 | 10 |
Peer Comparison of HDFC 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 (%) | |
| HDFC Gold Dir | 4 star | 15.60 | 14.56 | 16.18 | 0.18 | 1,682 | 6.38 | 1.00 (15) | 11Y 3M | — |
| SBI Gold Dir | 4 star | 15.89 | 15.28 | 16.27 | 0.10 | 1,507 | 6.43 | 1.00 (15) | 11Y 3M | — |
| Nippon India Gold Savings Dir | 2 star | 15.56 | 14.36 | 15.98 | 0.13 | 1,589 | 6.24 | 1.00 (15) | 11Y 3M | 93.00 |
| Kotak Gold Dir | 3 star | 15.98 | 14.76 | 16.13 | 0.15 | 1,576 | 6.40 | 1.00 (15) | 11Y 3M | 3.41 |
| ICICI Pru Regular Gold Savings (FOF) Dir | 3 star | 15.49 | 14.95 | 15.66 | 0.09 | 782 | 6.41 | 1.00 (15) | 11Y 3M | — |
How to Invest in HDFC Gold Fund?
Chanakya’s Mutual Fund Guidance For HDFC Gold Fund
Apply Online: https://investor-web.hdfcfund.com/
>> Post your MF questions @ sahifund.com/ask-me/
>> NFO Guidance:
https://sahifund.com/category/nfos/
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