Bigger bang for your buck.
Mutual Funds – it can’t get bigger than this!
  • IDBI Gold Fund(G)

    IDBI Gold Fund(G)
    Dividend Yearly
    NA
    Category
    Equity - FOF
    52-week NAV high
    9.26  (As on 23-10-2018)
    52-week NAV low
    8.33  (As on 13-12-2017)
    Expense
    1.09%  (As on 31-10-2018)

    Performance

    1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
    Fund Returns 0.62 3.21 1.65 8.46 3.16 4.76 1.58 0.61 -
    Scheme Details
    Fund Type
    Open Ended
    Investment Plan
    Growth
    Bonus
    NA
    Launch Date
    Aug 14, 2012
    Last Dividend
    NA
    Minimum Investment
    5000
  • IDBI Capital came into existence in the year 1993, and currently has a net worth of Rs.3 billion. A subsidiary of IDBI Bank, IDBI Capital has 14 branches across the country and over 200 employees. IDBI Capital offers its customer base a variety of investment solutions, ranging from equity and debt funds to hybrid funds (which is a mixture of equities and debt funds) and gold funds. With the gold funds, an investor can gain by investing in a fund in correspondence with the Gold Exchange Traded Fund market.

    Investment Objective of IDBI Gold Fund

    Through the IDBI Gold Fund, investors can see returns in correspondence to the Exchange Traded Fund of the Gold Market. For those who wish to invest in the Gold market, in related money market instruments and for those who prefer liquid funds, the IDBI Gold Funds will suit their investment objective.

    Key Features of the IDBI Gold Fund

    For those who wish to invest in the IDBI Gold Fund, mentioned below are the key features of this investment option:

    Type of fund

    An open ended fund of funds scheme

    Plans available

    The IDBI Gold Fund offers both the Regular Plan and the Direct Plan.

    Options under each plan

    The IDBI Gold Fund comes with the Growth Option only.

    Risk

    High

    Systematic Investment Plan

    Available

    Systematic Transfer Plan

    Available

    Systematic Withdrawal Plan

    Available

    Investment Amount for IDBI Gold Fund

    For potential investors, listed below is the investment amount of the IDBI Gold Fund:

    Minimum application amount - This pertains to the minimum investment for the first purchase

    The minimum investment for the IDBI Gold Fund is Rs.5,000 and multiples of Rs.1 subsequently.

    Minimum additional investment

    Investors can make an additional investment of Rs.1,000 and subsequently in multiples of Rs.1

    Minimum installment for Systematic Investment Plan (SIP) [if SIP is available]

    The minimum investment for the Systematic Investment Plan are as follows:

    • Rs.500 per month for a minimum investment tenure of one year
    • Rs.1,000 per month for a minimum investment tenure of 6 months
    • Rs.1,500 per quarter for a minimum investment tenure of 4 quarters

    Minimum installment for Systematic Withdrawal Plan (SWP) [if SWP is available]

    The minimum withdrawal amount for the Systematic Withdrawal Plan (SWP) is Rs.1,000 and multiples of Rs.1 subsequently.

    The minimum balance in the scheme for this option should be Rs.25,000

    Entry Load

    Not applicable

    Exit Load

    1% of the NAV for exit within 12 months from the first investment in the scheme.

    In the case of Switch, SIP, or SWP, 1% of the NAV will be charged for exit on or before 1 year from the first investment in the scheme.

    Asset Allocation for IDBI Gold Fund

    Instruments

    Allocations (Percentage of total assets)

    Risk Profile

    Units of IDBI Gold Exchange Traded Fund

    Minimum: 95%

    Maximum: 100%

    Medium to high

    Short term fixed deposits/money market instruments in liquid funds/Reverse Repo

    Minimum: 0%

    Maximum: 5%

    Low

    Who can invest in the IDBI Gold Fund

    Mentioned below is the eligibility criteria of the IDBI Gold Fund:

    • Resident Indians - Individual or joint
    • Minors through either parents or legal guardian
    • Hindu Undivided Families
    • Proprietors
    • Partnership firms
    • Public Sector Undertakings (PSUs)
    • Corporate bodies
    • Association of Persons
    • Bodies of Individuals
    • Financial institutions
    • Banks
    • Insurance companies
    • Religious and charitable trusts
    • Private trusts
    • Non-resident Indians
    • Persons of Indian origin
    • Foreign Portfolio Investors
    • Members of the army, paramilitary, or air force
    • Industrial and Scientific Research Organisations
    • Multilateral funding agencies
    • Overseas financial organisations

    NAV Disclosure and Benchmark for IDBI Gold Fund

    The NAV of the IDBI Gold Fund will be displayed by 10:00 a.m. the following business day, on the official page of IDBI Mutual as well as on the website of the Association of Mutual Funds in India. In addition, the NAV, repurchase price and sale price will be published in 2 daily newspapers on the following business working day. The benchmark of the IDBI Gold Fund will be in accordance with the domestic price of gold.

    IDBI Gold Fund Manager

    The IDBI Gold Fund will be managed by Mr. Ashish Mishra.

    Investment Restrictions of IDBI Gold Fund

    The investment restrictions in accordance with the regulations set by SEBI are listed as follows:

    • If the scheme is invested by a single issuer, it shall not be invested in more than 10% of its net asset value for investment in debt instruments, be it non-money market or money market instruments. However, based on certain conditions and approval of the IDBI Mutual board, the investment can be increased to 12%.
    • At no point can the IDBI Gold Fund be invested in unrated money market instruments.
    • The IDBI Gold Fund scheme cannot invest more than 30% of its NAV in money market instruments.
    • An investor can transfer the units from one scheme to another, based on the following conditions:
      • If it is done at the current market value of the units and on a spot basis.
      • The transfer of units has to meet the investment objective of the scheme.
    • Investors can only buy and sell units based on the deliverables as displayed by IDBI Mutual.
    • For investors that have chosen short term deposits, the scheme cannot exceed 91 days.
    • At no point can the scheme have more than 15% of the net asset value in short term deposits.
    • At no point can the IDBI Gold Fund be invested in any unlisted security of the group company or associate company of the sponsor of the scheme.

    Other facilities under IDBI Gold Fund

    Mentioned below are the special facilities offered under the IDBI Gold Fund scheme:

    • Systematic Investment Plan (SIP)
    • Investors who wish to park their savings regularly in a mutual fund can do so by opting for the Systematic Investment Plan (SIP). The IDBI Gold Fund offers Systematic Investment Plan in the monthly and quarterly modes. For the monthly mode, investors can invest either on the 1st, 5th, 10th, 15th, 20th, and 25th Day of each month. For the quarterly mode, investors can choose to invest either on the 1st, 5th, 10th, 15th, 20th, and 25th of the first month of investment in the quarter. For the monthly mode, the minimum investment is Rs.1,000 per month if the investment tenure is for a period of 6 months and Rs.500 per month if the investment is for a tenure of 1 year. With regard to the quarterly mode, the minimum investment amount is Rs.1,500 per quarter if the investment is for a minimum period of 1 year. Investors can make the payments for the SIP via cheque and should opt for this option when applying for the IDBI Gold Fund scheme.

    • Systematic Transfer Plan (STP)
    • With the Systematic Transfer Plan (STP), investors can give standing instructions to the fund manager to transfer units from one scheme to another. This can be done primarily if one scheme is faring better than the other. As per the choice of the investor, the units can be transferred either weekly, monthly, or quarterly. For the weekly mode, the transfer of units will take place on the first business day of the week, whereas for the monthly mode, the units will be transferred on 1st, 5th, 10th, 15th, 20th, and 25th day of each month. For the quarterly mode of STP, the units will be transferred on the 1st, 5th, 10th, 15th, 20th, and 25th day of the first month of investment in the quarter. To be eligible for the transfer of units, the minimum balance in the scheme should be Rs.25,000. That said, if the investor has chosen the monthly and the weekly frequency, then the minimum transfer amount should be Rs.1,000. For the quarterly frequency, the minimum investment amount should be Rs.2,500.

    • Systematic Withdrawal Plan (SWP)
    • For investors who wish for a regular income, especially retired investors or individuals, they can opt for the Systematic Withdrawal Plan. Here, the withdrawal from either the capital appreciation of the scheme or the units will be withdrawn every month on the 25th of the month. For this, the minimum withdrawal amount will be Rs.1,000 and subsequent withdrawals in multiples of Re.1. For this to be a possibility, the scheme has to have a minimum balance of Rs.25,000. In case the balance falls below Rs.5,000, then IDBI Mutual has every right to redeem the units in the scheme.

    • Switching
    • With this option, investors have the option of switching the units of the scheme entirely to another scheme. This would be either to switch to a scheme faring better or to redeem the units of one scheme. In the switching facility, investors have the choice of the inter-switching option or the intra-switching option. The inter-switching is basically transferring the units of one scheme to another within the same fund. This is possibly done to redeem the units of one scheme. For the intra-switching scheme, the units can be switched from one fund to another managed by IDBI Mutual. This can happen if the switch occurs at the current market rates of the units.

      Note: Switching of units will be subject to the exit load of the scheme.

    Why you should Invest in IDBI Gold Fund

    The IDBI Gold Fund is perfect for investors who wish to invest in the gold exchange traded funds. In correspondence with the bullion market, investors can see returns on their investments. That said, the IDBI Gold Fund is based on the market volatility and there is no assurance of the returns on investment.

    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.

    GST rate of 18% applicable for all financial services effective July 1, 2017.

    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.