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  • SBI Gold Direct Plan Growth Option

    SBI Gold(G)-Direct Plan
    Dividend Yearly
    NA
    Category
    Equity - FOF
    52-week NAV high
    10.38  (As on 23-10-2018)
    52-week NAV low
    9.29  (As on 12-12-2017)
    Expense
    0.02%  (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 0.88 3.18 1.92 10.08 5.04 6.81 3.12 -0.31 -
    Scheme Details
    Fund Type
    Open Ended
    Investment Plan
    Growth
    Bonus
    NA
    Launch Date
    Jan 01, 2013
    Last Dividend
    NA
    Minimum Investment
    5000
  • SBI Mutual Fund is the asset management wing of India’s largest lender, State Bank of India. The company offers a diverse range of plans suitable for people with different kinds of requirements. Customers can choose from equity schemes, debt schemes, hybrid schemes, and other solution-oriented schemes. SBI Gold Fund is a fund of funds scheme that makes investments in other funds. This scheme aims to generate capital appreciation through investments made in a fund that invests in gold. Under the direct plan, customers can make their purchase by directly contacting the company.

    Investment objective of SBI Gold Fund - Direct Plan - Growth

    This scheme invests in SBI ETF Gold, an exchange traded fund that reflects the price of gold, and generate returns for capital appreciation. Liquidity is assured to investors as per the prevailing NAV of the fund.

    Key features of SBI Gold Fund - Direct Plan - Growth

    The following list of features apply to SBI Gold Fund - Direct Plan - Growth:

    Type of fund Open-ended fund of funds scheme
    Plans available Regular - Dividend Regular - Growth Direct - Dividend Direct - Growth
    Options under each plan Growth option
    Systematic Investment Plan Available
    Systematic Transfer Plan Available
    Systematic Withdrawal Plan Available
    Risk Moderately high

    Investment about for SBI Gold Fund - Direct Plan - Growth

    Minimum application amount Rs.5,000 and in multiples of Re.1 thereafter (The company reserves the right to alter this amount.)
    Minimum additional investment Rs.1,000 and in multiples of Re.1 thereafter
    Minimum redemption size Rs.1,000 or 100 units or account balance (whichever is lower)
    Minimum installment for Systematic Investment Plan (SIP) Rs.1,000 and in multiples of Re.1 thereafter for at least 6 installments (weekly) Rs.1,000 and in multiples of Re.1 thereafter for at least 6 months or minimum Rs.500 and in multiples of Re.1 thereafter for at least 12 months (monthly) Rs.1,500 and in multiples of Re.1 thereafter for a minimum of one year (quarterly) Rs.3,000 and in multiples of Re.1 thereafter for a minimum 4 installments (half-yearly) Rs.5,000 and in multiples of Re.1 thereafter for a minimum 4 installments (annual)
    Minimum installment for Systematic Withdrawal Plan (SWP) Rs.500 (weekly, monthly, quarterly, half-yearly, or annually) by indicating the registrar anytime
    Minimum installment for Systematic Transfer Plan (STP) Rs.1,000 and in multiples of Re.1 thereafter for at least 6 months or minimum Rs.500 and in multiples of Re.1 thereafter for at least 12 months (monthly) Rs.1,500 and in multiples of Re.1 thereafter for a minimum of one year (quarterly)
    Entry load Not applicable
    Exit load
    • 1% if exiting within one year from the date of allotment
    • No exit load if exiting after one year from the date of allotment

    *Note: STP can be done without any minimum balance restrictions.

    Allocation of assets for SBI Gold Fund - Direct Plan - Growth

    Instrument Allocations (percentage of total assets) Risk profile
    Minimum Maximum
    Units of SBI ETF Gold 95% 100% Medium to high
    Reverse repo and /or CBLO and/or short-term fixed deposits and/or Schemes which invest mainly in various liquid schemes and money market securities 0% 5% Low to medium

    Who can invest in SBI Gold Fund - Direct Plan - Growth

    The following list of entities are eligible to enter into SBI Gold Fund - Direct Plan - Growth:

    • Companies or corporate entities
    • Adult resident Indians (joint investment is allowed for a maximum of three)
    • Parents or legal guardians of minors (on behalf of minors)
    • Partnership companies formed under Partnership Act, 1932
    • Societies registered under Societies Registration Act, 1860
    • Public Sector Undertakings
    • Hindu Undivided Families through their Kartas
    • Partnership firms
    • Religious and charitable trusts
    • Private trusts authorized to invest in mutual funds
    • Non-resident Indians
    • International multilateral agencies approved by the Government of India
    • Qualified Foreign Investors (QFIs)
    • Foreign Institutional Investors registered with SEBI
    • Other mutual funds (fund of funds schemes)
    • Scientific and International Research Organisations
    • Banks and other financial institutions
    • Foreign Portfolio Investors

    *Note: The list given above is only indicative. Prospective investors may check with the company or consult with their financial advisors to check if this scheme is suitable for them.

    NAV Disclosure and Benchmark for SBI Gold Fund - Direct Plan - Growth

    The NAV of this scheme will be disclosed by the company at the close of every business day. As prescribed by the SEBI (Mutual Funds) Regulations of 1996, the company will publish the NAV of this scheme in two leading newspapers that have circulation across the country. NAV information will be updated every business day on the company’s official website (www.sbimf.com). Similar to other mutual fund schemes in the market, NAV information of this fund for a particular day will also be updated on the website of Association of Mutual Funds (www.amfiindia.com) by 10.00 a.m. on the following day.

    The fund maintains transparency by disclosing its scheme portfolio for a particular month in its official website (www.sbimf.com) on or before 10th of the succeeding month in the prescribed format. Portfolio information of this scheme will also be published in a leading English newspaper that circulates across the country and a regional language newspaper where the fund’s head office is located as per the guidelines issued by SEBI. This statement will be published every six months (March 31 and September 30). Alternatively, this statement can also be mailed directly to unitholders.

    This scheme’s performance is benchmarked against the domestic price of physical gold.

    SBI Gold Fund - Direct Plan - Growth Fund Manager

    This fund is being managed by Mr. Raviprakash Sharma since September 2011. He has a total experience of 18 years in this industry.

    Investment restrictions of SBI Gold Fund - Direct Plan - Growth

    The following list of restrictions apply to this fund as per the regulations put forth by SEBI:

    • No investments shall be made in other fund of funds schemes available in the market.
    • No investments shall be made in any other assets other than mutual funds. Certain exceptions can be made when it comes to meeting liquidity requirements during the times of redemptions and repurchases.
    • Investments made in various debt instruments such as money market instruments and non-money market instruments issued by a single issuer shall not exceed 10% of the NAV.
    • A maximum of 10% of the fund’s NAV can be invested in unrated debt instruments issued by a single issuer. Total investments in these instruments shall not exceed 25% of the fund’s NAV.
    • This fund allows transfer of investments from one scheme to another on the condition that a) such transfers are done at the fund’s prevailing NAV and b) the securities of the target scheme conform to the fund’s objective.
    • While making investments in securities intended for long-term investments, they shall be purchased or transferred in the name of the scheme.
    • This scheme will refrain from making any of the following investments:
      • unlisted securities of an associate or group company of the sponsor
      • more than 25% of the listed securities of an associate or group company of the sponsor
      • securities issued by an associate or group company through private placement
    • No loan shall be issued under this scheme in any circumstances.

    Dividend Policy of SBI Gold Fund - Direct Plan - Growth

    The right to declare dividends under this fund rests with the fund’s Trustee. Dividends will be declared based on the availability of surplus distributable funds. Under the ‘dividend’ plan, funds will be distributed as per the guidelines issued by SEBI. There will be no dividends declared under the ‘growth’ plan of this scheme. Any returns generated under the ‘growth’ scheme will be used for capital appreciation.

    Other facilities under SBI Gold Fund - Direct Plan - Growth

    Some of the special products available with SBI Gold Fund - Direct Plan - Growth can be listed as follows:

    • Systematic Investment Plan (SIP): Under this facility, an investor can average out the cost of investment by making installment payments over a specific period of time. This periodic payment of investments will help investors overcome any short-term fluctuations witnessed in the market.
    • Top-up SIP: This facility is similar to the SIP facility, but it allows investors to increase their installment payments after a pre-defined time. Through this way, investors can invest a higher amount within the SIP tenure.
    • Fixed-end period SIP: Under this facility, investors can opt for a fixed period to make their SIP investments. There will be a specific end date for these investments.
    • Any day SIP: This facility allows investors to make their SIP payments any day of the month. While the default SIP date is 10th of a month, this facility allows the flexibility of choosing any date from 1st to 30th for paying their installments.
    • Systematic Withdrawal Plan (SWP): This facility allows unitholders to withdraw a fixed amount from the fund periodically. Investors are free to choose the amount to be withdrawn and the frequency of withdrawal.
    • Systematic Transfer Plan (STP): This facility allows investors to withdraw funds from one scheme and invest in another automatically. Investors can choose the target funds in which investments can be made. They can also choose other factors like frequency of investment, amount to be invested, and the period after which STP can begin.
    • Switchover facility: This facility allows investors to switch from one plan to another (growth to dividend and vice versa) easily. Switching will be done at the NAV of the scheme.

    *Note: Investors can check the scheme document to find the list of all special products available with this scheme.

    Why should you invest in SBI Gold Fund - Direct Plan - Growth

    As of June 30 2018, this fund has total assets under management worth Rs.336.39 crore. Being a fund of funds scheme that closely mimics the price of gold, this is an ideal investment plan for those who wish to diversify their investment portfolio. There are various special products offered under this scheme to ensure flexibility for investors. This fund has witnessed about 5.28% growth in the last 1 year.

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