Reliance Gold Savings Fund(G)

Reliance Gold Savings Fund(G)
Dividend Yearly
NA
Category
Equity - FOF
52-week NAV high
23.10  (As on 07-08-2020)
52-week NAV low
15.38  (As on 01-10-2019)
Expense
0.38%  (As on 31-08-2020)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns -2.94 3.01 17.72 30.47 25.77 17.13 10.54 11.89 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
Mar 07, 2011
Last Dividend
NA
Minimum Investment
100

Reliance Gold Savings Fund is offered by Reliance Nippon Life Asset Management Limited (RNAM) which was previously known as Reliance Capital Asset Management Limited. RNAM is one of the most reliable and one of the largest asset management companies (AMCs) in India. It has a plethora of products for investors of all categories who can choose the product that suits their investment objective correctly. The Reliance Gold Savings Fund is an open ended fund of fund scheme.

Investment Objectives of the Reliance Gold Savings Fund - Growth plan - Growth Option

The main objective of investment of the Reliance Gold Savings Fund - Growth plan - Growth Option is to make provisions for returns that are closely correspondent to the returns that are provided by the Reliance ETF Gold BeES scheme. The Reliance ETF Gold BeES scheme helps in facilitating the provision of returns that are almost similar to the total returns of the securities which are represented by the Nifty Bank Index.

Key Features of the Reliance Gold Savings Fund - Growth plan - Growth Option

The key features of the Reliance Gold Savings Fund - Growth plan - Growth Option are listed below:

Type of fund

An open ended fund of fund scheme

Plans available

  • Reliance Gold Savings Fund - Growth Plan
  • Reliance Gold Savings Fund - Direct Plan

Options under each plan

  • Reliance Gold Savings Fund - Growth Plan - Growth Option
  • Reliance Gold Savings Fund - Dividend Plan - Dividend Option
    • Dividend Payout Option
    • Dividend Reinvestment Option
  • Reliance Gold Savings Fund - Direct Plan - Growth Option
  • Reliance Gold Savings Fund - Direct Plan - Dividend Option
    • Dividend Payout Option
    • Dividend Reinvestment Option

Risk

Moderately High

Systematic Investment Plan (SIP)

Available

Systematic Transfer Plan (STP)

Available

Systematic Withdrawal Plan (SWP)

Available

Investment Amount for the Reliance Gold Savings Fund - Growth plan - Growth Option

Minimum application amount

Rs.1,000 and in multiples of Re.1 subsequently

Minimum additional investment

Rs.1,000 and in multiples of Re.1 subsequently

Minimum instalment for Systematic Investment Plan (SIP)

  • Rs.100 per month and in multiples of Re.1 thereafter for a period of 60 months (minimum).
  • Rs.500 per month and in multiples of Re.1 thereafter for a period of 12 months (minimum).
  • Rs.1,000 per month and in multiples of Re.1 thereafter for a period of 6 months (minimum).
  • Rs.500 per quarter and in multiples of Re.1 thereafter for a period of 12 quarters (minimum).
  • Rs.1,500 per quarter and in multiples of Re.1 thereafter for a period of 4 quarters (minimum).
  • Rs.5,000 per quarter and in multiples of Rs.500 thereafter for a period of 2 years (minimum).

Minimum instalment for Systematic Withdrawal Plan (SWP)

Rs.500 and in multiples of Rs.100 thereafter

Minimum instalment for Systematic Transfer Plan (STP)

A fixed amount of the investor’s choice can be availed under the Systematic Transfer Plan (STP) as per the following options:

  • Daily Option: STP is executed on a daily basis
  • Weekly Option: STP is executed on 1st, 8th, 15th, and 22nd of every month
  • Fortnightly Option: STP is executed on 1st and 15th of every month
  • Monthly Option: STP is executed on 1st of every month
  • Quarterly Option: STP is executed on a date of the first month for the first date which is specified by the unitholder in advance

Entry Load

N/A

Exit Load

  • If the units purchased are redeemed or switched out of before the completion of 12 months from the date of allotment: 2%
  • If the units purchased are redeemed or switched out of after the completion of 12 months from the date of allotment: Nil

Asset Allocation of the Reliance Gold Savings Fund - Growth plan - Growth Option

Type of security

Indicative Allocations (percentage of total assets)

Risk Profile

Minimum

Maximum

High/Medium/Low

Units under the Reliance ETF Gold BeES

95%

100%

Medium to High

Reverse repo and/or schemes which invest in money market securities or liquid schemes and/or short-term deposits and/or CBLO

0%

5%

Low to Medium

Who can Invest in the Reliance Gold Savings Fund - Growth plan - Growth Option?

The following persons are considered to be eligible to subscribe to the units of the Reliance Gold Savings Fund - Growth plan - Growth Option:

  • Resident Individuals either singly or jointly
  • Overseas Citizen of India (OCI)
  • Partnership Firms
  • Companies
  • Limited Liability Partnerships
  • A guardian or parent on behalf of a minor
  • Bodies of Individuals (BOI)
  • Bodies and units created by Navy
  • Bodies Corporate
  • Proprietorship which is under a sole proprietor
  • Religious and Charitable Trusts
  • Karta of Hindu Undivided Family (HUF)
  • Bodies and units created by other paramilitary units
  • Persons of Indian Origin (PIOs)
  • Foreign Portfolio Investors (FPI) who are registered under SEBI
  • Mutual Funds which are registered under SEBI
  • Bodies and units created by Air Force
  • Multilateral Funding Agencies
  • Banks and Financial Institutions (banks include both Co-operative Banks and Regional Rural Banks (RRBs)
  • Association of Persons (AOP)
  • Scientific and Industrial Research Organisations
  • Bodies Corporate incorporated outside India with the permission of the Government of India
  • Non-Resident Indians (NRIs)
  • Public Sector Undertakings (PSUs)
  • Bodies and units created by Army an so on.

NAV Disclosure and Benchmark for the Reliance Gold Savings Fund - Growth plan - Growth Option

The Net Asset Value or NAV of the units under the Reliance Gold Savings Fund - Growth plan - Growth Option scheme will be determined on a daily basis or as per the recommendation of the regulations. If no other formula is prescribed by the SEBI, the NAV of the scheme would be computed on the basis of the following formula:

NAV = (Fair value or Market value of the investments of the scheme + Receivables + Accrued Income + Other Assets - Accrued Expenses - Payables - Liabilities) / Number of outstanding units on the date of calculation.

The Net Asset Value is calculated up to 4 decimal places. The NAV has to be calculated and disclosed at the end of every working day. It has to be published in at least 2 national daily newspapers. It is also required to be updated on the website of AMFI (www.amfiindia.com) and the official website of Reliance Mutual Funds (www.reliancemutual.com) by 10 a.m. of the consecutive business day.

The benchmark of the Reliance Gold Savings Fund - Growth plan - Growth Option is based on the price of physical gold.

Reliance Gold Savings Fund - Growth plan - Growth Option Fund Manager

The Reliance Gold Savings Fund - Growth plan - Growth Option is managed by Ms. Payal Wadhwa Kaipunjal. She holds degrees in B.Com, MBA, PGDM, FRM (GARP). She has been managing the Reliance Gold Savings Fund since January 2017.

Investment Restrictions of the Reliance Gold Savings Fund - Growth plan - Growth Option

There are certain restrictions pertaining to the investment in the Reliance Gold Savings Fund - Growth plan - Growth Option. Some of these restrictions are as follows:

  • Term loans will not be extended by the scheme for any purpose.
  • The scheme must be in compliance with any other rules pertaining to investments of mutual funds.
  • ‘Short Term’ for the parking of funds will be considered as the period which does not exceed 91 days.
  • Short-term deposits are to be held in the name of the scheme.
  • Based on the directions issued by the RBI and/or the SEBI, the scheme will be required to take part in corporate debt securities.
  • The scheme should not be investing in any other fund of fund scheme.
  • If a bank has invested in the scheme, the latter should not park funds in short term deposit of the bank.

Dividend Policy of the Reliance Gold Savings Fund - Growth plan - Growth Option

The dividends under the Reliance Gold Savings Fund scheme will be distributed as per Regulation 53(a) of the SEBI (Mutual Funds) Regulations, 1996. However, under the Reliance Gold Savings Fund - Growth plan - Growth Option scheme there will be an absence of direct distribution of income. The only way through which returns will be delivered to the investors under this scheme is through capital growth or capital appreciation. This is provided through the redemption of the units at the Net Asset Value (NAV) which is applicable to the units held by the investors.

Why should you invest in the Reliance Gold Savings Fund - Growth plan - Growth Option?

The Reliance Gold Savings Fund - Growth Plan - Growth Option is a product which is offered by Reliance Mutual Fund (RMF). With an Average Assets Under Management (AAUM) of Rs.2,40,445.37 crore (first quarter of Financial Year 2018) and 83.99 lakh folios (as on 30 June 2018), RMF is one of the largest AMCs in India. It functions under the name of Anil Dhirubhai Ambani (ADA) Group. It has its presence in over 160 cities across the nation. It offers a number of products which is suitable for the investment needs of every category of investors. If an investor’s investment requirements are fulfilled by the Reliance Gold Savings Fund - Growth Plan - Growth Option, then it is one of the best options to invest in. The added benefits are a number of products to choose from along with a supportive customer service.

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