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:
The dividend option comes with further sub-options:
|
|
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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- Axis Short Term Fund Retail Plan Weekly Dividend Option
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