Kotak Gold Fund Guidance
NAV Growth : Rs 21.8098
NAV IDCW : Rs 21.8096
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 by investing in units of Kotak Gold Exchange Traded Fund.
Fund Manager :
— Abhishek Bisen
Education : Mr. Bisen is a BA and MBA in Finance.
Experience : Prior to joining Kotak AMC, he was working with Securities Trading Corporation Of India Ltd where he was looking at Sales & Trading of Fixed Income Products apart from doing Portfolio Advisory. His earlier assignments also include 2 years of merchant banking experience with a leading merchant banking firm.
Investment Details
Min. Investment (Rs) | 5,000 |
Min. Addl Investment (Rs) | 1,000 |
Min. SIP Investment (Rs) | 1,000 |
Min. No of Cheques | 6 |
Min. Withdrawal (Rs) | 1,000 |
Min. Balance (Rs) | 1,000 |
Lock-in Period | Not Applicable |
Exit Load | For units in excess of 6% of the investment,1% will be charged for redemption within 365 days |
Basic Details
Fund House: | Kotak Mahindra Mutual Fund |
Launch Date: | 01-Jan-13 |
Return Since Launch: | 4.51% |
Benchmark: | Domestic Price of Gold |
Riskometer: | High |
Type: | Open-ended |
Assets: | Rs 1,308 Cr |
(As on 30-Jun-2022) | |
Expense Ratio: | 0.18% |
(As on 30-Jun-2022) | |
Risk Grade: | Below Average |
Return Grade: | Above Average |
Turnover: | — |
Kotak Gold Fund Guidance Trailing Returns (%)
YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
Kotak Gold Direct-G | 6.38 | 0.69 | 1 | -0.44 | 1.03 | 6.6 | 6.56 | 12.98 | 12.19 | 10.32 | — |
Domestic Price of Gold Index | 7.01 | -0.05 | 1.38 | -1.8 | -0.98 | 7.13 | 7.4 | 12.54 | 12.54 | 10.81 | — |
Commodities: Gold | 7.14 | 0.65 | 1.1 | -0.62 | 1.25 | 7.21 | 7.14 | 12.48 | 11.68 | 9.81 | — |
Rank within category | 9 | 4 | 7 | 5 | 8 | 9 | 9 | 2 | 2 | 1 | — |
Number of funds in category | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 1 |
Kotak Gold Fund Guidance Peer Comparison
Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
Kotak Gold Fund | 4 star | Jan-13 | 6.56 | 12.98 | 12.19 | 0.18 | 1,308 |
HDFC Gold Fund | 4 star | Jan-13 | 7.04 | 12.53 | 11.7 | 0.18 | 1,359 |
Nippon India Gold Savings Fund | 2 star | Jan-13 | 7.38 | 12.53 | 11.51 | 0.1 | 1,430 |
SBI Gold Fund | 3 star | Jan-13 | 7.06 | 12.94 | 11.59 | 0.1 | 1,173 |
ICICI Prudential Regular Gold Savings Fund (FOF) | 3 star | Jan-13 | 7.94 | 12.36 | 12.31 | 0.09 | 686 |
Kotak Gold Fund Guidance by Chanakya :
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