Canara Robeco Gold Savings Fund - Regular Plan - Dividend is well-suited for individuals who are looking for capital appreciation in line with the returns of the Canara Robeco Gold Exchange Traded Fund without having to purchase any physical gold. While there are 2 investment options under this plan namely Growth and Dividend, the dividend option is further subdivided into 2 categories - Dividend Payout and Dividend Reinvestment.
Investment Objective of Canara Robeco Gold Savings Fund - Regular Plan - Dividend
The main objective of this scheme is to generate returns that closely correspond to the returns generated by the Canara Robeco Gold Exchange Traded Fund.
Key Features of Canara Robeco Gold Savings Fund - Regular Plan - Dividend
There are a number of features of this scheme that make it one of the best investment plans available in the market. Before you decide to invest in this scheme, you should learn about its significant features mentioned in the table below in order to find out whether it is the right option for you according to your specific investment goals and risk-taking capacity:
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Type of fund |
An open-ended fund of funds scheme that invests in Canara Robeco Gold ETF |
|
Plans available |
|
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Options under each plan |
The default option under this scheme is the Growth option, while the default sub-option under the dividend option is the Dividend Reinvestment option. |
|
Risk |
Moderately high |
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Systematic Investment Plan |
Available |
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Systematic Transfer Plan |
Available |
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Systematic Withdrawal Plan |
Available |
Investment Amount for Canara Robeco Gold Savings Fund - Regular Plan - Dividend
See the table mentioned below to learn about the applicable amounts that you will have to pay under this plan:
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Minimum application amount |
Rs.5,000 and subsequently in multiples of Re.1 |
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Minimum additional investment |
Rs.1,000 and subsequently in multiples of Re.1 |
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Minimum installment for Systematic Investment Plan (SIP) |
|
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Minimum installment for Systematic Withdrawal Plan (SWP) |
|
|
Entry Load |
Not applicable |
|
Exit Load |
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Asset Allocation for Canara Robeco Gold Savings Fund - Regular Plan - Dividend
|
Instruments |
Allocations (Percentage of total assets) |
Risk Profile |
|
Units of Canara Robeco Gold ETF |
95% to 100% |
Medium to high |
|
Debt and money market instruments which includes Cash equivalent as well as mutual fund schemes that primarily invest in money market securities or liquid schemes |
0% to 5% |
Low to medium |
NAV Disclosure and Benchmark for Canara Robeco Gold Savings Fund - Regular Plan - Dividend
NAV - According to the SEBI (MF) Regulations, the Net Asset Value (NAV) of the scheme shall be calculated and disclosed at the end of every working day. This NAV should be published in at least 2 daily newspapers and also be uploaded on the website of the Association of Mutual Funds of India (AMFI) at www.amfiindia.com. The NAVs should also be displayed on the official website of Canara Robeco Mutual Fund at www.canararobeco.com by 10:00 a.m. of the next business day. Additionally, the scheme portfolio shall be published by the mutual fund as an advertisement in 1 English daily newspaper with nationwide circulation as well as in a newspaper published in the language of the region where the Head Office of the Mutual Fund is situated. This should be done within one month from the end of each half year.
Benchmark Index - The benchmark followed by Canara Robeco Gold Savings Fund - Regular Plan - Dividend is the domestic price of Physical Gold.
Canara Robeco Gold Savings Fund - Regular Plan - Dividend Fund Manager
The fund managers for the Canara Robeco Gold Savings Fund - Regular Plan - Dividend scheme are Mr. Avnish Jain and Ms. Suman Prasad. While Mr. Avnish Jain possesses a total experience of 24 years and has been handling the scheme since 24 June 2014, the overall experience of Ms. Suman Prasad amounts to 20 years who has been handling the fund since 14 May 2018. The fund managers use their years of experience and extensive market expertise to offer investors the right option according to their specific investment goals and risk-taking capabilities.
Why You Should Invest in Canara Robeco Gold Savings Fund - Regular Plan - Dividend
- By investing in this scheme, unitholders can generate returns similar to physical gold.
- SIP, STP, and SWP facilities are available for investors as per their convenience.
- No exit load applicable if redemption and switch-out of units are carried out after completion of 1 year starting from the date of allotment of units.
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