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Reliance ETF Gold BeES

Reliance ETF Gold BeES
Dividend Yearly
NA
Category
Equity - ETF
52-week NAV high
3,009.40  (As on 20-02-2019)
52-week NAV low
2,628.52  (As on 16-08-2018)
Expense
1.18%  (As on 28-02-2019)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns -3.84 2.54 3.64 3.64 3.74 1.36 4.18 0.82 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
Mar 08, 2007
Last Dividend
NA
Minimum Investment
10000

Reliance Mutual Fund, which is a part of Reliance Anil Dhirubhai Ambani Group, is one of the leading mutual fund houses in India. The company offers a number of investment products in order to meet the varied requirements of its customers. Reliance Mutual Fund has a pan-India reach, with a presence in around 160 cities across India.

Reliance ETF Gold BeES is an open-ended gold exchange traded scheme. As per the scheme description, a minimum of 95% of the assets will be allocated to gold-related and physical gold instruments, while a maximum of 5% of the investment will be directed to money market instruments.

Investment Objective of Reliance ETF Gold BeES

Reliance ETF Gold BeES aims to provide investors returns which before expenses closely match the returns offered by the domestic price of gold via physical gold. Investors are, however, required to note that the mutual fund house does not provide any guarantee or assurance that the investment objective will be met.

Key Features of Reliance ETF Gold BeES

Some of the important features of Reliance ETF Gold BeES is listed in the table below.

Type of fund

Open-ended scheme that is listed on the exchange as an ETF or Exchange Traded Fund that invests in physical gold

Options under the fund

This particular scheme offers investors only the growth option.

Systematic Investment Plan

Not available under this scheme

Systematic Transfer Plan

Not available under this scheme

Systematic Withdrawal Plan

Not available under this scheme

Investment Amount for Reliance ETF Gold BeES

Minimum application amount

  • Directly with the Fund: Investors can create or redeem in exchange for cash component or portfolio deposit in Creation Unit size for this scheme
  • On the Exchange: 1 unit, and in multiples of it thereof

Entry Load

Not applicable

Exit Load

Nil

*Note: Unitholders are not required to maintain a minimum balance under this fund.

Asset Allocation for Reliance ETF Gold BeES

Instruments

Allocations (Percentage of total assets)

Risk Profile

Maximum

Minimum

Physical Gold and Gold-Related Instruments

100%

95%

Medium to High

Money Market Instruments such as cash and cash equivalents, CBLO, and securitised debts

5%

0%

Low to Medium

Who can Invest in Reliance ETF Gold BeES

The following entities are eligible to invest in Reliance ETF Gold BeES:

  • Resident adults on a single or joint basis (not exceeding a maximum of three members) or any individual on a survivor basis
  • Insurance companies, insurers, or corporations that are registered with the Insurance Regulatory and Development Authority of India (IRDAI)
  • Air force, navy, army, and other paramilitary organisations
  • Overseas financial organisations that have an arrangement to make investments in India, provided this arrangement is approved by the Government of India
  • Minors via a lawful guardian or parents
  • Companies, societies, bodies corporate, body of individuals, association of persons, public sector undertakings, and clubs
  • Other categories of investors that are permitted and eligible to invest in this particular scheme
  • Mutual Funds that are registered with SEBI
  • Persons of Indian Origin (PIOs) or NRIs residing outside India on a repatriation or non-repatriation basis
  • FPIs
  • Other bodies, associations, and institutions authorised to invest in the scheme
  • Gratuity/provident/pension/superannuation and any other such employee benefit/retirement benefit funds
  • QFIs
  • Wakf boards, religious/charitable trusts, registered societies, private trusts, and endowments
  • Industrial research and scientific organisations
  • Bodies incorporated outside the country or multilateral funding agencies that have the permission of the Reserve Bank of India and the Government of India
  • Hindu Undivided Families through the Karta
  • Partnership firms

NAV Disclosure and Benchmark for Reliance ETF Gold BeES

The formula for the calculation of the net asset value (NAV) of units under this scheme is as follows:

NAV (in INR) = Market of fair value of the scheme’s investments + current assets - current liabilities and provision (including the accrued expenses)/Number of units outstanding under the scheme as on the valuation date

The net asset value will be calculated by the mutual fund house and announced at the end of every business day. The NAV will be computed in accordance with SEBI’s guidelines and regulations. Once computed, the NAV of the scheme will be published in a minimum 2 daily newspapers. The same will also be updated on the official website of the mutual fund house (www.relianceetf.com/www.reliancemutual.com) and on the AMFI website (www.amfiindia.com).

Unitholders can purchase and sell units of this scheme on the National Stock Exchange of India Ltd. similar to any other stock. Large investors and authorised participants can directly purchase and/or sell units with the fund in Creation Unit size. The trustees of the scheme consider the domestic price of gold as the benchmark index.

Reliance ETF Gold BeES Fund Manager

The fund manager for Reliance ETF Gold BeES scheme is Ms. Payal Wadhwa Kaipunjal. Ms. Kaipunjal has been responsible for managing the investments under this particular scheme since May 2014.

Investment Restrictions of Reliance ETF Gold BeES

The investment restrictions for this scheme as per SEBI’s regulations are as follows:

  • Term loans for any purpose or intent will not be advanced by this scheme.
  • The scheme will not invest over 10% of its net asset value in unrated debt instruments that are issued by a single issuer. Further, the total investment in all such instruments cannot exceed 25% of the NAV of the scheme.
  • This scheme can invest in any other scheme under the same asset management company or any other mutual fund house without charging any additional fees, provided that the total inter-scheme investment made does not exceed 5% of the net asset value of the fund.
  • The fund is allowed to borrow in order to meet liquidity needs. However, such borrowings cannot exceed 20% of the net asset of the scheme. The duration of such a borrowing can also not exceed over a maximum period of 6 months.
  • The funds of this scheme will only invest in gold or gold-related instruments as per the investment objective, except to whatever extent that is necessary to meet any liquidity requirements.
  • The scheme will also comply with any other regulations and guidelines that are prescribed by SEBI from time to time.

*Note: The above-mentioned list of investment restrictions is not exhaustive. The full list of investment restrictions can be found in the Scheme Information Document.

Dividend Policy of Reliance ETF Gold BeES

Unitholders might be eligible to receive dividends under this scheme if it is declared by the trustee. Dividends will only be paid subject to the availability of distributable surplus. The frequency of distribution and actual distribution of dividends will be at the discretion of the trustee. The declared dividend will be paid to unitholders net of the tax deducted at source within a period of 30 days from when it was declared. There is, however, no guarantee that the dividend will be paid regularly. The rate of the dividend distribution is also not fixed.

Why you should Invest in Reliance ETF Gold BeES

Reliance ETF Gold BeES is an ideal investment option for individuals looking to invest in physical gold and diversify their investment portfolio via asset allocation. Individuals who are open to taking a moderately high level of risk can opt for this scheme and earn market-linked returns.

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

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