July 15, 2022
mayank
ICICI Prudential Regular Gold Savings Fund (FOF) Guidance
NAV Growth : Rs 16.7715
NAV IDCW : Rs 16.7730
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 aims to generate returns by investing in units of ICICI Prudential Gold Exchange Traded Fund.
Fund Manager :
— Manish Banthia
Education : Mr. Banthia is B.Com, CA and MBA
Experience : He is associated with ICICI Prudential Asset Management Company since Oct 2005, ICICI Prudential AMC – Fixed Income Investments – Aug 2007 to Oct 2009, ICICI Prudential AMC – New Product Development – Oct 2005 to Jul 2007, Aditya Birla Nuvo Ltd. – From May 2005 to Oct 2005, Aditya Birla Management Corporation Ltd. – From May 2004 to May 2005.
— Nishit Patel
Education : Mr. Patel is a B.Com & Chartered Accountant
Experience : ICICI Prudential Asset Management Company Limited – ETF Business – November 2018 – January 2020.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. No of Cheques | 6 |
| Min. Withdrawal (Rs) | 1 |
| Min. Balance (Rs) | — |
| Lock-in Period | Not Applicable |
| Exit Load | 1% for redemption within 15 days |
Basic Details
| Fund House: | ICICI Prudential Mutual Fund |
| Launch Date: | 01-Jan-13 |
| Return Since Launch: | 4.28% |
| Benchmark: | Domestic Price of Gold |
| Riskometer: | High |
| Type: | Open-ended |
| % Assets: | Rs 686 Cr |
| (As on 30-Jun-2022) | |
| Expense: | 0.09% |
| (As on 31-May-2022) | |
| Risk Grade: | Below Average |
| Return Grade: | Below Average |
| Turnover: | — |
ICICI Prudential Regular Gold Savings Fund (FOF) Guidance Trailing Returns (%)
| YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
| ICICI Pru Regular Gold Savings (FOF) Direct-G | 4.4 | -0.22 | -0.45 | -0.14 | -5.02 | 4.5 | 4.43 | 12.45 | 11.51 | 8.75 | — |
| Domestic Price of Gold Index | 6.29 | -0.25 | -1.34 | -0.71 | -4.29 | 6.65 | 6.85 | 13.48 | 12.79 | 9.91 | — |
| Commodities: Gold | 4.52 | -0.4 | -0.48 | -0.53 | -5.09 | 4.4 | 4.4 | 12.53 | 11.51 | 8.82 | — |
| Rank within category | 6 | 4 | 5 | 2 | 6 | 4 | 6 | 6 | 5 | 6 | — |
| Number of funds in category | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 1 |
ICICI Prudential Regular Gold Savings Fund (FOF) Guidance Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| ICICI Prudential Regular Gold Savings Fund (FOF) | 3 star | Jan-13 | 4.43 | 12.45 | 11.51 | 0.09 | 686 |
| HDFC Gold Fund | 4 star | Jan-13 | 4.47 | 12.63 | 11.56 | 0.18 | 1,359 |
| Kotak Gold Fund | 5 star | Jan-13 | 4.02 | 13.02 | 11.87 | 0.18 | 1,308 |
| Nippon India Gold Savings Fund | 2 star | Jan-13 | 3.84 | 12.52 | 11.37 | 0.1 | 1,430 |
| SBI Gold Fund | 3 star | Jan-13 | 5.19 | 13.33 | 11.92 | 0.1 | 1,173 |
ICICI Prudential Regular Gold Savings Fund (FOF) Guidance by Chanakya :
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