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Axis Gold Fund(G)

Axis Gold Fund(G)
Dividend Yearly
NA
Category
Equity - FOF
52-week NAV high
10.57  (As on 20-02-2019)
52-week NAV low
9.31  (As on 20-08-2018)
Expense
1.15%  (As on 31-07-2018)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns -1.03 -2.34 -1.56 -1.64 1.85 -0.43 1.64 -1.30 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
Oct 20, 2011
Last Dividend
NA
Minimum Investment
5000

Axis Gold Fund - Growth Option

Axis Gold Fund - Growth Option is an open-ended fund of fund that makes investments in Axis Gold ETF. The scheme is offered by Axis Mutual Fund, and the investment manager of the fund house is Axis Asset Management Company Limited.

Investment Objective of Axis Gold Fund - Growth Option

The investment objective of Axis Gold Fund - Growth Option is to generate returns that are closely commensurate with the returns offered by Axis Gold ETF.

Key Features of Axis Gold Fund - Growth Option

Some of the significant features of Axis Gold Fund - Growth Option are as indicated in the table below:

Type of fund

Open-ended fund of fund scheme

Plans available

Axis Gold Fund (existing plan), and Axis Gold Fund - Direct Plan

Options under each plan

The Direct Plan comes with two options:

  1. Growth Option
  2. Dividend Option

The dividend option comes with further sub-options:

  1. Payout
  2. Reinvestment

Risk

Moderately High

Systematic Investment Plan

Available

Systematic Transfer Plan

Available

Systematic Withdrawal Plan

Available

Investment Amount for Axis Gold Fund - Growth Option

Here is the information regarding the investment amounts and loads:

Minimum application amount

Rs.5,000 and in multiples of Re.1 thereafter

Minimum additional investment

Rs.100 and in multiples of Re.1 thereafter

Minimum instalment for Systematic Investment Plan (SIP)

Rs.1,000 and in multiples of Re.1 thereafter (minimum of 36 instalments)

Entry Load

Not Applicable

Exit Load

1% of the applicable NAV will be charged as exit load for redemptions within a year from the date on which the units were allotted.

Asset Allocation for Axis Gold Fund - Growth Option

Instruments

Allocations (Percentage of total assets)

Units of Axis Gold ETF

95% to 100%

Money market instruments

0% to 5%

NAV Disclosure and Benchmark for Axis Gold Fund - Growth Option

The Net Asset Value of Axis Gold Fund - Growth Option is calculated on each and every working day, and disclosed by 10:00 a.m. on the following working day. The NAV will have to be published in a minimum of two daily newspapers by the Asset Management Company. The Net Asset Value of the scheme can be viewed on the website of the fund house as well as the website of the Association of Mutual Funds in India.

The Benchmark adopted by Axis Gold Fund - Growth Option is the domestic price of gold.

Axis Gold Fund - Growth Option Fund Manager

Axis Gold Fund - Growth Option is managed by Mr. Devang Shah, who has been in charge of the fund for over a year now.

Why you should Invest in Axis Gold Fund - Growth Option

Axis Gold Fund - Growth Option allows investors to purchase units of gold for as low as Rs.1,000 without any concerns over the purity of the precious metal. The scheme offers capital appreciation between the medium to long term through investment primarily in Axis Gold ETF, making it a good investment option for those with a medium to long-term investment horizon.

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Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

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