November 7, 2022
mayank
SBI Gold Fund
NAV Growth: Rs 15.9339
NAV IDCW: Rs 15.9111
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 closely correspond to returns provided by SBI Gold Exchange Traded Scheme (SBI GETS).
Fund Manager:
1) Raviprakash Sharma
Education: Mr. Sharma is a B.Com (H), Chartered Accountant and CFA (USA).
Experience: Prior to joining SBI AMC he has worked with HDFC AMC, Citigroup Wealth Advisors India Pvt. Ltd, Kotak Securities, Times Investors Services Pvt. Ltd. and Birla Sun Life Securities.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 1,000 |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 15 days |
Basic Details
| Fund House | SBI Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 4.08% |
| Benchmark | Domestic Price of Gold |
| Riskometer | High |
| Type | Open-ended |
| Assets | Rs 1,138 Cr |
| (As on 30-Sep-2022) | |
| Expense Ratio | 0.10% |
| (As on 30-Sep-2022) | |
| Risk Grade | Average |
| Return Grade | High |
| Turnover | — |
SBI Gold Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| SBI Gold Dir | 4.4 | 0.38 | -1.68 | -2.8 | -1.5 | 5.64 | 8.45 | 10.68 | 9.02 | — |
| Domestic Price of Gold Index* | 3.9 | -1.36 | -0.55 | -2.91 | -3.86 | 5.58 | 8.8 | 11.32 | 9.4 | — |
| Commodities: Gold* | 4.26 | 0.67 | -1.67 | -2.69 | -1.47 | 5.46 | 8.32 | 10.61 | 8.93 | — |
| Rank within category* | 3 | 10 | 6 | 6 | 6 | 5 | 3 | 3 | 5 | — |
| Number of funds in category* | 10 | 13 | 11 | 10 | 10 | 10 | 10 | 10 | 10 | 1 |
SBI Gold Fund Peer Comparison
| Fund name | 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 (%) |
| SBI Gold Dir | 4 star | 5.64 | 8.45 | 10.68 | 0.10 | 1,138 | 4.08 | 1.00 (15) | 9yrs 10mo | — |
| HDFC Gold Dir | 4 star | 5.14 | 8.51 | 10.63 | 0.18 | 1,332 | 4.03 | 2.00 (180) | 9yrs 10mo | — |
| Kotak Gold Dir | 4 star | 4.29 | 8.24 | 10.99 | 0.18 | 1,296 | 4.08 | 1.00 (365) | 9yrs 10mo | — |
| Nippon Ind Gold Svngs Dir | 2 star | 5.18 | 8.12 | 10.42 | 0.14 | 1,393 | 3.91 | 1.00 (15) | 9yrs 10mo | 93.00 |
| ICICI Pru Regular Gold Svngs (FOF) Dir | 3 star | 5.62 | 8.44 | 10.51 | 0.09 | 665 | 4.15 | 1.00 (15) | 9yrs 10mo | — |
Chanakya’s Mutual Fund Guidance For SBI Gold Fund
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