Overview of Reliance Gold Savings Mutual Fund
- Type or nature of fund
- Investment objective
- Fund Information
- Rs.100/- per month and then in multiples of Re. 1/- for minimum 60 months
- Rs.500/- per month and then in multiples of Re. 1/- for minimum 12 months
- Rs.1000/- per month and then in multiples of Re. 1/- for minimum 6 months
- Rs.500/- per quarter and then in multiples of Re. 1/- for minimum 12 quarters
- Rs.1500/- per quarter and then in multiples of Re. 1/- for minimum 4 quarters
- Rs. 5000/- per year and then in multiples of Rs. 500/- for minimum 2 years
- Fund manager
- Reliance Arbitrage Advantage Fund
- Reliance Quant Plus Fund
- R*Shares Gold ETF
- R*Shares Banking ETF
- R*Shares CNX 100 ETF
- R*Shares Nifty ETF
- R*Shares Dividend Opportunities ETF
- R*Shares Consumption ETF
- R*Shares Sensex ETF
- Reliance Index Fund Nifty Plan
- Reliance Index Fund Sensex Plan
- Investment philosophy or strategy
- Aimed at investing funds based on results of tracking the performance of R*shares Gold ETF
- Reliance Gold Savings Fund invests in R*shares Gold ETFs to surpass the benchmark which is price of gold.
- Portfolio – Sector / Top 10 holdings
- Fund Performance
Reliance Gold Savings mutual fund is an open-ended fund of fund scheme
Reliance Gold Savings mutual fund is aimed at providing returns that closely tally with returns provided by R*shares gold ETF. The fund is ideal for investors who are looking to invest in long-term fund schemes.
|Inception date||•11th March 2011|
|Options ||Dividend and Growth|
Reliance Gold Savings Fund – Direct Plan (D)
Reliance Gold Savings Fund – Direct Plan (G)
Reliance Gold Savings Fund (G)
Reliance Gold Savings Fund (D)
|Exit load||2% if fund is redeemed before completion of 1 year, NIL if units are redeemed after completion of 1 year from the date of allotment of the same|
|Minimum investment||Rs.5000 and in multiples of Re.1 thereafter, for additional switch for existing customers Rs.1000 (plus multiples of Re.1)|
Yes. Following is the break-up for minimum amount applicable for Reliance Gold Savings Fund SIP -
|Product label – Risk and target investors||Moderately high, investors looking for long-term investment can apply for this scheme. Also, it is good for investors who would want to match their returns with the appreciation in value of Gold|
|Benchmark||Price of Gold|
|Redemption||Redemption requests for the fund should be placed by customers and are processed within 10 days from the date of request. Any delays in processing require fund provider to furnish an amount of penalty fee to the customer|
|Taxation||Taxation depends upon the type of scheme availed under the Reliance Gold Savings fund. The amount of tax is also dependent upon the returns earned. Customers are advised to get in touch with a financial adviser to get their taxation sorted.|
Mr.Krishan Daga is the fund manager for Reliance Gold Savings scheme. Mr. Daga has over 23 years of experience in capital markets and has been a part of huge banking companies like HSBC, JP Morgan, Deutche before joining Reliance. Mr. Krishan holds a Bachelor of Commerce degree from University of Rajasthan after which he completed his CA from Institute of Chartered Accountants of India, in the year 1992.
Apart from Reliance Gold Savings Fund, following are the other mutual fund schemes managed by Mr. Krishan Daga.
Reliance Gold Savings Fund works on the following lines of investment philosophy and strategy.
Given below is the stock names and the sector break-up of stocks that Reliance Gold Savings Fund invests in.
|R*Shares Gold ETF||99.89%|
|Sub Total of Exchange Traded Funds||99.89%|
|Casha nd Other Receivables||0.11%|
|•AUM||•Rs. 937.56 crores|
|•Expenses, expense ratio||•0.69%|
Following is the benchmark comparison for Reliance Gold Savings Fund as per data from May 29th, 2015.
|Compounded Annualised Returns||Scheme Returns %||Benchmark Returns %|
|Returns for the last 1 year||-2.43||-1.02|
|Returns for the last 3 years||-3.92||-2.52|
|Returns for the last 5 years||NA||NA|
|Returns since inception (Inception date October 08, 1995)||4.34||6.29|
Absolute Returns are mentioned for 1, 3 and 5 years respectively.
Expert view of the fund
Reliance Gold Savings fund is a passively managed mutual fund which is ideal for investors looking for long-term capital appreciation. This mutual fund is a fund of fund scheme which endeavors to match returns offered by Reliance Gold Exchange Traded Fund. However, unlike the ETF fund, this fund does not require de-mat account for investment. Investors can choose to invest in lump-sum or via SIP in this mutual fund scheme. The most prominent advantage is that investors get to invest in gold without having to bother too much about procuring the yellow metal.
How to apply for Reliance Gold Savings Mutual Fund
Applying for Reliance Gold Savings mutual fund is easy and simple. Online as well as offline channels can be availed for getting this mutual fund scheme. You can visit the Reliance Mutual Fund website for online application whereas you can go to any of the Reliance Mutual Fund offices for offline application.
Customers are required to submit certain KYC documents along with a duly filled application form. Mobile application and mobile website of Reliance mutual fund ensure that you benefit from mobile platforms for application of mutual fund schemes. Fund advisers from Reliance can be called up in order to know details pertaining to various Reliance mutual fund schemes.
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