Rating: N/A

Nippon India Gold Savings Fund - Direct Plan - Growth

Equity

  

Gold

NAV

20.491 -0.0195

as on (03 Jul, 2020)

RETURNS

17.95 %

Fund Type

Open Ended

Investment Plan

Growth

Expense Ratio

0.89 %

Benchmark

Domestic Price of Gold

Asset Size

952.46 Cr.

(As of 30 Apr, 2019)

Risk

Moderately High

Objective

The investment objective of the Scheme is to seek to provide returns that closely correspond to returns provided by Reliance ETF Gold BeES.

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Fund manager

Mehul Dama

(since 06 Nov, 2018)

Exit load

2 %

(If redeemed within 365 days)

Minimum sip

₹ 500

minimum investment

₹ 100

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

Reliance ETF Gold BeES

99.85 %

Sector Allocation

About the Scheme Type

Gold

Gold Funds provide an easy way to invest in gold as an asset class without having to hold it as a physical commodity. Gold funds invest in different types of gold, be it in the form of gold ETFs (Exchange Traded Funds) or in the stocks of gold mining companies. The best part about these funds is that apart from the absence of chances of theft, investing in gold funds means that you get pure gold at relatively lower prices and can sell theunits at the then market linked prices.

Ratings

This fund is rated 0 stars by Morning Star Ratings.

N/A

Overview of Reliance Nippon Life Asset Management Ltd

With Average Assets Under Management (AAUM) of Rs 2,33,628.56 Crores​​ ​(January 2019 - March 2019 QAAUM) and 90.67 lakhs folios (as on​ March 31, 2019​​), Reliance Mutual Fund is one of India's leading mutual funds. Reliance Mutual Fund is one of the fastest growing mutual funds in India, offering investors a well-rounded portfolio of products to meet varying investor requirements and has presence in 300​ cities (as on​ March 31, 2019​​) across the country. Reliance Mutual Fund constantly endeavours to launch innovative products and customer service initiatives to increase value to investors.

Vision statement of Reliance Mutual Fund - To be a globally respected wealth creator with an emphasis on customer care and a culture of good corporate governance.

Mission statement of Reliance Mutual Fund - To create and nurture a world-class, high performance environment aimed at delighting our customers.​

Main objectives of Reliance Mutual Fund are

  • To carry on the activity of a mutual fund as may be permitted by law, and formulate and devise various collective schemes of savings and investments for people in India and abroad, and also ensure liquidity of investments for the unit holders
  • To deploy funds thus raised so as to help the unit holders earn reasonable returns on their savings
  • To take such steps as may be necessary from time to time to realise the effects without any limitation