Celebrate Diwali 2019 by Investing in gold funds

Make this Diwali and Dhanteras even more cheerful by taking a better investment decision of investing in gold with mutual funds!

Where to buy gold funds? Wealthbucket is here to give the best gold funds schemes.

In this, the auspicious season of the festival. Earn Favorable returns and light up your future with sparkling investment decisions. Look over the beneficial opportunity to invest in our research suggested stocks, hand-picked to make your Diwali filled with fortunes. The trend of buying gold in Diwali is carried from years and stays at continuity for all the best reasons you know why?

Because Gold is an Excellent hedge for financial market risk and Investing in gold mutual funds is a highly liquid asset. So, try to earn not burn- Along with prosperity, this golden metal has its value in the market which produces considerable returns over a long-term duration. It is determined to be one of the most vital financial securities during hard times and therefore it is very popular amongst the people.

Diwali has always been a celebration of enjoyment, happiness, and virtue, but are we celebrating it with you- Invest in gold today!

TOP PERFORMING GOLD MUTUAL FUNDS

WealthBucket is looking forward to offering various gold mutual funds which can be added to the investment portfolio this Dhanteras to earn joyous returns. You look over the different gold loan mutual funds along with its net asset value(NAV) as per 18th October 2019. Assets under management mentioned in the table are of September 2019 with the expense ratio and Minimum SIP investment amount.

1.Kotak Gold Fund Growth

Name of the fundNAV (as on 18th Oct)AUM (as on September 2019)Expense RatioMinimum SIP AmountRank With Category on 3 months basis
Kotak Gold Fund Growth16.09 ₹175 Cr0.70% ₹10001/71

 

Description:

Kotak Gold Fund comes under the Commodity Mutual Fund scheme type. This scheme was launched on 25-Mar-11 and managed by Kotak Mahindra Asset Management Company Limited. The current fund manager of Kotak Gold Fund is Abhishek Bisen. This fund has an AUM of ₹174.76 Cr is updated on 30th September 2019. The NAV is 16.09 is updated on 18th October 2019.

The Kotak Gold Fund is rated Moderately High. Minimum SIP Investment is ₹1000. The minimum Lumpsum Investment is ₹5000.000.

Objective:

The Investment Objective Of The Scheme Is To Generate Returns By Investing In Units Of Kotak Gold Exchange Traded Fund

Look over the performance of the fund and the percentage of funds it has given in 1,3 and 5 years.

1-year returns(%)3-year returns(%)5-year returns(%)
6.80%10.00%-10.33%

 

The returns mentioned above are updated on October 18, 2019.

2.Aditya Birla Sun Life Gold Fund Growth

Name of the fundNAV (as on 18th Oct)AUM (as on September 2019)Expense RatioMinimum SIP AmountRank With Category on 3 months basis
Aditya Birla Sun Life Gold Fund Growth12.04 ₹72 cr0.51% ₹10002/71

 
 

Description:

Aditya Birla Sun Life Gold Fund comes under the Commodity Mutual Fund scheme type. This scheme was launched on 20-Mar-12 and managed by Aditya Birla Sun Life AMC Limited. The current fund manager of Aditya Birla Sun Life Gold Fund is Lovelish Solanki. This fund has an AUM of ₹71.71 Cr updated on 30th September 2019. The NAV is 12.04 is updated on 18th October 2019.

The Aditya Birla Sun Life Gold Fund is rated Moderately High. Minimum SIP Investment is ₹1000. The minimum Lumpsum Investment is ₹1000.000.

Objective:

The Investment Objective Of The Scheme Is To Provide Returns That Tracks Returns Provided By Birla Sun Life Gold ETF (Bsl Gold ETF).

Look over the performance of the fund and the percentage of funds it has given in 1,3 and 5 years.

1-year returns(%)3-year returns(%)5-year returns(%)
6.30%12.95%-9.60%

 

The returns mentioned above are updated on October 18, 2019.

3.SBI Gold Fund Growth

Name of the fundNAV (as on 18th Oct)AUM (as on September 2019)Expense RatioMinimum SIP AmountRank With Category on 3 months basis
Sbi Gold Fund Growth12.03 ₹369 Cr0.52% ₹10003/71

 

Description:

SBI Gold Fund comes under the Commodity Mutual Fund scheme type. This scheme was launched on 12-Sep-11 and managed by SBI Funds Management Private Limited. The current fund manager of the SBI Gold Fund is Raviprakash Sharma. This fund has an AUM of ₹369.05 Cr updated on 30th September 2019. The NAV is 12.03 updated on 18th October 2019.

The SBI Gold Fund is rated Moderately High. Minimum SIP Investment is ₹500. The minimum Lumpsum Investment is ₹5000.000.

Objective:

The Investment Objective Of The Scheme Is To Seek To Provide Returns That Closely Correspond To Returns Provided By Sbi Gold Exchange Traded Scheme (Sbi Gets).

Look over the performance of the fund and the percentage of funds it has given in 1,3 and 5 years.

1-year returns(%)3-year returns(%)5-year returns(%)
5.67%10.03%-9.73%

 

The returns mentioned above are updated on October 18, 2019.

4.Axis Gold Fund Growth

Name of the fundNAV (as on 18th Oct)AUM (as on September 2019)Expense RatioMinimum SIP AmountRank With Category on 3 months basis
Axis Gold Fund Growth11.9256 Cr1.15%10004/71

 

Description:

Axis Gold Fund comes under the Commodity Mutual Fund scheme type. This scheme was launched on 20-Oct-11 and managed by Axis Asset Management Company Ltd. The current fund manager of the Axis Gold Fund is Devang Shah. This fund has an AUM of ₹56.27 Cr updated on 30th September 2019. The NAV is 11.92 updated on 18th October 2019.

The Axis Gold Fund is rated Moderately High. Minimum SIP Investment is ₹1000. The minimum Lumpsum Investment is ₹5000.000.

Objective:

To Generate Returns That Closely Correspond To Returns Generated By Axis Gold ETF.

Look over the performance of the fund and the percentage of funds it has given in 1,3 and 5 years.

1-year returns(%)3-year returns(%)5-year returns(%)
7.63%10.10%-12.73%

 

The returns mentioned above are updated on October 18, 2019.

5.Nippon India Gold Savings Fund Growth

Name of the fundNAV (as on 18th Oct)AUM (as on September 2019)Expense RatioMinimum SIP AmountRank With Category on 3 months basis
Nippon India Gold Savings Fund Growth15.91747 Cr1.22%1006/71

 

Description:

Nippon India Gold Savings Fund comes under the Commodity Mutual Fund scheme type. This scheme was launched on 07-Mar-11 and managed by Nippon India Life Asset Management Limited. The current fund manager of the Nippon India Gold Savings Fund is Mehul Dama. This fund has an AUM of ₹747.02 Cr updated on 30th September 2019. The NAV is 15.91 updated on 18th October 2019.

The Nippon India Gold Savings Fund is rated Moderately High. Minimum SIP Investment is ₹100. The minimum Lumpsum Investment is ₹100.000.

Objective:

The Investment Objective Of The Scheme Is To Seek To Provide Returns That Closely Correspond To Returns Provided By Nippon India Gold Exchange Traded Fund (RgETF).

Look over the performance of the fund and the percentage of funds it has given in 1,3 and 5 years.

1-year returns(%)3-year returns(%)5-year returns(%)
5.30%11.59%-9.84%

 

The returns mentioned above are updated on October 18, 2019.

Gold is considered to be one of the most reliable assets. Moreover, some other major considerations like liquidity, easy availability, etc, are other benefits that are recognized to be taken into account while making an investment in gold. And, the scheme discussed above adhere to all the elements.

Historic Returns

Gold is popularly recognized as a hedge against inflation. It has a close and direct link with inflation. During the times of inflation, investors fear, stocks and debt funds could underperform. But, gold has historically functioned well during inflation. The gold funds in the past 5 years have performed well and have given a good amount on returns specially in 2019. The following are the historic returns as per monthly investment of Rs 1,000 in a year.
Name of the fundTill Oct 2019in 2018in 2017in 2016in 2015
Kotak Gold Fund GrowthRs 13,021Rs 12,431Rs 12,162Rs 12,670Rs 11,472
Aditya Birla Sun Life Gold Fund GrowthRs 12809.33Rs 12417.4912103.85Rs 12875.97Rs 11445.57
Nippon India Gold Savings Fund-Growth OptionRs 13128.48Rs 12350.14Rs 12113.70Rs 12780.68Rs 11506.13
Axis Gold Fund GrowthRs 13164.48Rs 12507.70Rs 12046.25Rs 12677.19Rs 11273.30
Sbi Gold Fund GrowthRs 13092.58Rs 12375.01Rs 12229.29Rs 12672.35Rs 11515.43

Don’t buy gold invest in gold

So, here is how you can add charm to this festival of lights by investing wisely:

  • Say yes to digital gold & no to physical gold 

The most common issue with buying of gold is its protection for which it requires to be kept in a safe place such as a bank’s locker. Even keeping in bank locker involves little risk and ask to pay some charges, so don’t buy gold invest in its funds. Investing in digital gold keeps it safe over the internet, investment goes in your bank account and comes in your bank account. Also, there is no problem with storage where one is concerned about security.

  • Gift a gold investment plan to Your Love one’s

Don’t buy gold for your loved ones, invest in gold for him/her. Gold mutual funds have convenience for Long-term Holding. There is no wealth tax on Gold ETFs in India, unlike physical gold. The units are kept in the name of the individual in an account. Even there is no issue with respect to the availability of Gold Bees or any other Gold ETF on the exchange since the exchange is held for trading, for buying and selling.

Celebrate this year’s Diwali in a prosperous way by making an investment to make someone you love feel special!

  • Sow seeds for a brighter future

Safety is a common matter among gold buyers. Whether you buy gold online or from stores, you would want to buy it from a safe source always. Mutual funds and that holds Gold Funds are governed by SEBI, which is an essential regulatory body to safeguard the interests of investors in securities and it is safe to invest in Gold Mutual Fund.

Gold price updated on 19th October is Rs.39,410 for 10gm that means 1grm cost Rs.3,941. It’s a one-time investment and the price of gold keeps fluctuating it can be a profitable investment as well as can be a loss for you. After 1 year the returns buying of gold will be 4-5% profit/loss. On the other hand, the option is investing gold funds with a starting amount of Rs. 100 and continue till the time you want to go. If you start investing with minimum SIP of Rs.1000 after a year it will give you more than 5% of profit only. Invest today!

Just imagine how an investment plan of today can make your economically independent tomorrow!

We have a strong suggestion that instead of buying physical gold, make a rich investment in the gold mutual fund this Dhanteras to enlighten your investment portfolio and make a bright future ahead!

If you need any advisory services, we, at Wealthbucket.in, are always available to serve. You must get linked with us to take a remarkable investment plan.
This Diwali, skyrocket the quality of your life by making these smart investment decisions. May your investments glow bright like the crackers in the sky.
Happy Diwali!

By |2019-11-19T13:27:40+00:00October 19th, 2019|mutual funds, Notifications|0 Comments

About the Author:

This article has been posted by Pulkit Jain - the founder of WealthBucket - To raise awareness about Mutual Funds Investments. WealthBucket has made investing in Mutual Funds an easy, quick and welcome process, in India. An interactive online platform providing Trustworthy and sincere services to all its clients.